Question 12 of 12:Among the risk of attacks on your business, which threat is the least likely to cause a company financialharm?Select an answer:a tech-savvy hacker in the U.S. working out of his or her parents' basementthe cost of technology to protect a company's information from a cyber attackthe cost of training employees to protect a company's information from a cyber attacka cybercriminal operating a sophisticated hacking scheme from Russia Question 11 of 12:InsureCo salespeople talk to each other using insurance industry jargon. Which adverse business effect canusing "industry gibberish" have on InsureCo's operations?Select an answer:Communication will not always be clear among other employees.Older workers will make generalizations about younger workers.Jargon does not have a specific meaning within the company.New employees cannot be onboarded in that type of environment.

Every threat for a company which can cause a financial harm is the most dangerous threat to any…

Question 12 of 12: Among the risk of attacks on your business, which threat is the least likely to cause a company financial harm? Select an answer: a tech-savvy hacker in the U.S. working out of his or her parents' basement the cost of technology to protect a company's information from a cyber attack the cost of training employees to protect a company's information from a cyber attack a cybercriminal operating a sophisticated hacking scheme from Russia

Question 12 of 12: Among the risk of attacks on your business, which threat is the least likely to cause a company financial harm? Select an answer: a tech-savvy hacker in the U.S. working out of his or her parents' basement the cost of technology to protect a company's information from a cyber attack the cost of training employees to protect a company's information from a cyber attack a cybercriminal operating a sophisticated hacking scheme from Russia

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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5 Which of the following creates an audit trail that protects both consumers and businesses from fraud, serving as a solution to digital fraud and privacy breaches in various industries? Oa. Predictive analytics Ob. Blockchain OC. Cookies d. Big data Oe. Technology disruption
A-3
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5. A company encourages employees to call an anonymous hotline if they believe other employees are circumventing internal control features. Is this related to control activities of a company?
sibility Mode Print Find The CEO of your company is concerned about cyber security and has asked you to perform a "breach of customer data” risk assessment. Beyond the costs of resolving the technical concerns, a breach of customer data will create potentially several unplanned costs such as: (1) forensic examination; (2) notification of customers and third parties; (3) increased call center costs; (4) public relations costs; (5) legal defense and potential settlements; and, (6) federal or state fines, penalties, and potential required future audits. You worked with the Director of Security to perform the risk assessment and your summary of the risk assessment is the following. The Director of Security believes there is only a 5% chance over the next three years of a breach of customer data. However, if a breach of customer data occurs the 10-50-90 range of impact to the company as measured in net present value is - $100M, -180M, and-250M respectively. The IT organization has suggested…