Question

Research the topic and discuss how the fraud occurred. Assess the effectiveness of the company's internal controls and recommend accounting information system (AIS) controls that will mitigate the risk of future attacks. Ensure your recommendation is in compliance with industry standards.

Russian hackers broke into Citibank's system and stole $10 million from customer accounts.

Answer 1

Answer:

1- Russian hackers broke into Citibank’s system and stole $10 million from customer accounts.

2-A 17-year-old hacker broke into the Bell Laboratories network, destroyed files, copied 52 proprietary software programs, and published confidential information on underground bulletin boards.

From the above two statements:

Similarities:

Every one of the cases above share two things practically speaking: readily debilitate the adversaries, and picking up the unapproved get to utilizing web arrange. The untrustworthy programmers are continually attempting to pick up an entrance to the framework for crushing the inner control or for taking classified data. The appearance of web has made everything accessible online from making exchange utilizing Software as a Service (SaaS) to putting away information over the cloud. Nonetheless, cyber criminals are deceptively annihilating the property by utilizing the intensity of web, or, in other words for association to keep their data on the web.

Differences:

The expense of digital assault in every one of this case is extraordinary, and the method for directing such appalling wrongdoing is likewise unique. The way toward interfering or increasing unapproved access to somebody's framework is developing at a development level. Consequently, it is making the preventures' life hard to appraise at what level the wrongdoing would be executed going ahead.

Proposals

To keep the fakes from accessing the AIS, the organization ought to designate and spend an authentic expense to avoid such wrongdoings. There are organizations a few accessible, for example, Check Point Software, Cisco, and Palo Alto Network, which give digital answers for warding off the programmers from the framework.