Hello dear, Subject name: Accounting Information System My question from the book: Most cybercrime is not...

Hello dear,

Subject name: Accounting Information System

My question from the book:

Most cybercrime is not reported. Give as many reasons as you can why much of this crime is purposely downplayed. Do you consider these reasons valid?

Please minimum of 150 words, I wish to get it clear so I can read it.

Thank you very much

Solutions

Expert Solution

With the advent and increase in technology, cyber crimes have become rampant. They are committed in in various forms and victims have a hard time reporting the same. The first reason to not report a cybercrime is to find a easier way out. In the case of ransomware crimes, the victimes find it easier to pay the amount being asked for rather than reporting the crime and risk losing their data.

Sometimes a cyber attack is an employees fault. People click on something they should not and breach a company's security code. If the companys data has been compromised due to your fault, the common human tendency is to conceal the fact and not tell the boss.

Many instances of cyber crimes are not reported because victims consider that the data stolen is not that important and not worth reporting.For example, if the name of employees and their addresses are stolen but their passwords or other crucial information is not compromised, the fraud shall not be reported.

ekkarill92 answered 7 months ago

Next > < Previous

Related Solutions

Hello my name is Pete. I posted my previous question in error by forgetting to mention...

Hello my name is Pete. I posted my previous question in error by forgetting to mention that I am located in New York State and am required to go by those rules and regulations. Erica Swanson (SSN 376-38-4930), age 46, is a single parent with three children: Her biological son, Sean Swanson (age 19) is a part-time college student who works fulltime as a landscaper Her biological daughter, Brooklyn Swanson (age 14) Her adopted daughter, Sydney Swanson (age 12) Although...

hello my dear student in less than on a paragraph discuss of the stock market and...

hello my dear student in less than on a paragraph discuss of the stock market and individual stocks are more volatile today than in the past

(subject name: auditing in accounting) . . . Question : As a senior auditor on the...

(subject name: auditing in accounting) . . . Question : As a senior auditor on the E&U accounting firm you are assigned the following tasks: 1) Auditing sales and accounts receivable cycle accounts 2) Auditing expenditures & accounts payable cycle accounts 3) Auditing payroll cycle accounts for each of audited cycle mentioned above, prepare a plan that describe the following: A) audit objectives/management assertions to be investigated. note: as you answer give example

(subject name: auditing in accounting) . . . Question : As a senior auditor on the...

(subject name: auditing in accounting) . . . Question : As a senior auditor on the E&U accounting firm you are assigned the following tasks: 1) Auditing sales and accounts receivable cycle accounts 2) Auditing expenditures & accounts payable cycle accounts 3) Auditing payroll cycle accounts for each of audited cycle mentioned above, prepare a plan that describe the following: - main auditors concern about the misstatements risks for each transaction cycle (nature of misstatement) note: as you answer give...

(subject name: auditing in accounting) . . . Question : As a senior auditor on the...

Subject : Accounting Information System Question : The revenue cycle affects the bottom line of the...

Subject : Accounting Information System Question : The revenue cycle affects the bottom line of the business critically. Hence, there are many threats that could derail a successful cycle. Describe 5 threats that may hinder this sequence and its compensating controls for each threat.

Hello my dear students in less than one paragraph discuss if the stock market and individual...

Hello my dear students in less than one paragraph discuss if the stock market and individual stocks are more volatile today than in the past. Further discuss using the information from a study by campbell, lettau,malkiel and xu,2001. this study looked at 9000 firms from 1962-97.they decomposed the stock into market wide, industry-wide and firm specific volatility. they found that while there were periods of increase volatility, for exampleduring the oil crisis in the 1970s, average market volatility as mearsured...

Hello my dear students in less than one paragraph discuss if the stock market and individual...

Hello my dear students in less than one paragraph discuss if the stock market and individual stocks are more volatile today than in the past. Further discuss using the information from a study by campbell, lettau, malkiel and xu, 2001. this study looked at 9000 firms from 1962-97.they decomposed the stock into market wide, industry-wide and firm specific volatility. they found that while there were periods of increase volatility, for example during the oil crisis in the 1970s, average market...

Subject: Accounting information system/Resource event agent(REA) Question: Briefly explain how the REA system replaces the need...

Subject: Accounting information system/Resource event agent(REA) Question: Briefly explain how the REA system replaces the need for journals and ledgers and is still able to provide the data for an accounting database.

Hello, I am struggling to understand some of my accounting homework. Question 01 ) Tulsa Company...

Hello, I am struggling to understand some of my accounting homework. Question 01 ) Tulsa Company is considering investing in new bottling equipment and has two options: Option A has a lower initial cost but would require a significant expenditure to rebuild the machine after four years; Option B has higher maintenance costs, but also has a higher salvage value at the end of its useful life. Tulsa’s cost of capital is 11 percent. The following estimates of the cash...

Subjects