Target CEO made several mistakes from a management perspective. Mr. Gregg Steinhafel the CEO was not sure how to regain the consumer trust. The damaging aggressive disclosure, would not have come out until the beach through malware, was identified. However, spending millions of dollars on repairing the damages that were outraged. The breach would have come out with the CEO video showing empathic, explaining how the breach happens and ways of stopping it from happening again. Mr. Steinhafel should have met with the store managers instead of snooping around them. The managers were the ones responsible for 32 million customers a week before the catastrophe. The managers are the connection between the essential past on information to customers. Nevertheless, never leave the store managers grasping at straws. …show more content…
Mr. Steinhafel begins holding twice-daily status meetings, providing tips on how to monitor their accounts, promised zero liability, offer a new technology defenseless to fraud. Consequently, essential information, that the money making managers could have passed on. Some people may be understanding if the pieces of information, on how highly technical and sophisticated the breach may affect any organization at any time. I believe and telling the employees and customers how valuable they are to the
This could be one reason that numerous organizations fall blameworthy to the same untrustworthy practices as Nortel. Nortel lay to partners, adulterate time and costs, and had clashing interests inside the upper administration (Collins, 2011). This sort of conduct inside a business is a marker of more profound elements that influence basic leadership forms furthermore challenge individual morals of the administration. Singular attributes that impact moral basic leadership are convictions, sensitivities, goals, and practices of the individual (Collins,
Two individual employees wanted to complete their assignment for their company. But, did their strategy go about accuracy? Karel Svoboda works for Rogue Bank. Svoboda is a credit officer who needed Alena Robles, independent accountant, assists to evaluate and approved his employer’s extensions of credit to clients. In order to complete the task, Svoboda needed to access the nonpublic information about the clients’ personal information related to the company such as their profits and performances. Instead of appropriately following the company policy, Svoboda and Robles created a plan to utilize this data to exchange securities. According to their plan, Robles exchanged the securities of more than twenty unique organizations and benefitted by
The topic for week 3 of Computer Ethics was based upon an IT security policy in relation to a company’s ethics. The discussion board began with how training as well as education needs to be implemented throughout the business to ensure confidential information is not sent out without encryption or following other procedures put in place. This not only maintains the integrity of the company, but also makes the employees accountable as well. This can be accomplished by a well defined security policy and procedures which outlines the plan of action and the implementation. Many agreed a well documented plan needs to be kept updated as well as conveyed to the rest of the staff so everyone knows what their role is. In addition, Dawan pointed out that a security policy is a “living document” which is one that is forever changing to try and keep up with hackers. Many also agreed it is imperative everyone in the organization needs to be trained on the security policies at an organization.
Friedman’s desire that business should maximize profits within the law has been damaged by this giant security data breach. People who stolen customers information and identities not only broke the law, but also hurt Target’s business. Thousands of customers were outraged by this giant security breach. Target lost many customers and finds all kinds of ways to maintain customers loyalty. Even though Target has been doing everything they can, customers are still moving to other alternatives. According to ...
Any solution reached must improve the environment of the employees, while at the same not hinder the company from making profits. It is likely that executives at the bank are not aware of the full extent of Mazey’s misdeeds; although they seem to have so...
The company should set up a web site explaining what has happened as well as speak to the press and appear on T.V. to reach a great number of people.
In reviewing the recent scenario at Plutonium, there appears to be a number of pressures that could make the employee Chris potentially commit fraud. The opportunities that exist to commit fraud by Chris will also be looked at. Some of the rationalizations that Chris may have for committing fraud will also be explored. A look at some of the symptoms that show fraudulent activity may indeed be going on with Chris will be evaluated. Will also be looked at with Chris’s supervisor, Jonathan, could and possibly should have done to eliminate some or all of the opportunities by his staff at Plutonium to commit fraud.
...ed on how to respond to information security breaches. Regardless of an organization size, there is always the risk of information breaches.
Every organisation should mandate confidentiality, and each employee is to be made understood that private information is lifeblood of the company. Access to sensitive information should be restricted and controlled. Insiders or top management level executives with advantaged information should be made to sign a non-disclosure agreement to acknowledge the basic tenet of not sharing information to safeguard integrity and interest of the employee and organisation.
...ating their resume every time they learn a new skill or new responsibility is added to their job description. Keeping your resume up to date is also beneficial just in case unique opportunities present themselves. I don’t think that the CEO should be looking for a new job at this time because he was given a time frame to improve the MIS. I believe that the CEO did the right thing by hiring an undercover consultant to help determine how or where the security leak originated. This was a smart move because she immediately identified the numerous breaches in computer security that if not addressed immediately can cost the organization thousands of dollars and penalties. I hope that the CEO brings this information to the board of directors so they can discuss a plan of action to prevent a future security breach and to ensure that the entire staff is HIPPA compliant.
In relation to his information role, my opinion is that Steinhafel performed that task exceptionally well in terms of the breach. He was quick to notify the media and consumers of the breach, as well as what
“Upon investigation of what really went wrong, the FireEye security system they use showed that the warnings had been there all along, meaning the security team in Bangalore missed them, or chose to ignore them” (Marks, 2014). During the time of the year when people are doing the most shopping is not when companies should be negligent about information systems security. Once there was the smallest bit of concern, Target’s upper management should have been made aware of the situation. This could have helped them prevent the data breach, but unfortunately it was too late.
Business owners will go to amazing lengths to keep their workplace safe while completely overlooking their IT security and their multifunction devices. IT security breaches cost the average company $800,000 in 2009 (Tattrie, 2009). Those figures represent a 97 percent increase from 2008. The $800,000 includes labor lost when a breach freezes systems, cost of repairing the damage caused by the breach, and the cost of replacing the faulty security. That is quite a large sum that is also highly avoidable. Due to escalation in Internet use, the amount of computer security breaches that businesses have experienced in the last year has increased at a rapid rate. Breaches can come from external attacks as well as within the walls of a company. External attacks are serious but the threat created by a company’s employees can be much worse (Robb, 2010). Last year 81 percent of security breaches came from inside the company. Employees can cause deliberate attacks, but more likely employee use can compromise your system without malice and unknowingly. Employees can abuse internet access privileges by downloading pornography, downloading music, and pirating software. Obviously, this is improper use of company time and resources but more importantly, it can expose your company to fines from the Business Software Alliance (BSA) and it also can make your computer network more vulnerable to access from outside troublemakers and industry spies. BSA has collected more than $70 million in penalties from companies where employees violated piracy laws.
When people hear the word “Embezzlement”, they tend to think of head honcho business men or women who have taken advantage of their position in a business or non-profit organization for their own financial gain. What many people may not realize is that embezzlement can happen anywhere, and to any company or organization, big or small. According to Ruggieri, one study performed showed that roughly 85% of the worst fraud cases were committed by none other than a member of the company’s payroll department (Ruggieri, 2012).
In the case of Dayton Hudson Corporation, the company fell into a situation of a hostile takeover attempted by the Dart Group in 1987. At that time, Kenneth Macke was the CEO of the Dayton Hudson Corporation and sternly disagreed with letting the company fall into the hands of the Haft’s. Macke’s decision on what could be done to terminate the takeover turned the circumstances over to the hands of the state of Minnesota where Dayton Hudson’s headquarters resided. Macke requested a special session of the legislature to revisit the Minnesota corporate takeovers statute. This proved to work in Dayton Hudson’s favor and a statute was enacted that left the decision of a takeover up to the Board of Directors of the company.