In: Accounting
CASE 5.2 Business Case business case: Lax Security at Linkein Exposed. |
7-Discuss why information security is a concern of senior managers.
8-Explain why someone who used the same password for several sites would need to change all those passwords. In your opinion, was LinkedIn negligent in protecting its main asset? Explain
7. Data security is the concern and responsibility of senior management. Because a company's operation, reputation and customer trust are effected which impacts on the firm's revenue, profits and competitive advantage. If the senior management continues to neglect the basic protections then the firm suffers a major crisis.
8. Passwords are atmost like daily habits to access varios websites on internet. Hackers crack one of those passwords and apply the same pattern to enter into other websites to steal information. So, it's a best practice to change your password once we get alter for our account hacking. In my opinion, yes Linkedln was negligent in protecting its main asset because it was using the outdated encryption method instead of up to date industry standard encryption. This resulted in knoweing the credentials of 161 million members to hackers and millions of money was spend to upgrade it.