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Create an argument for additional regulation
Course:- Accounting Basics
Reference No.:- EM13860400




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Assignment: Hacking the AIS

In today's technology environment, hackers present a substantial risk to a firm's accounting or business system. As the result of these attacks, firms suffer huge losses, ranging from financial losses to losses in confidence by consumers, creditors, and suppliers. Firms may have made a significant investment in financial and non-financial resources to secure these systems.

For this assignment, research the Internet or Strayer databases and select a company whose database systems have been hacked.

Write a five to seven (5-7) page paper in which you:

Based on the information you researched, evaluate the level of responsibility of the company in terms of the effectiveness of the response to the security breach. Provide support for your rationale.

Imagine that the company that you researched uses a third-party accounting system. Assess the level of responsibility of the software provider to both the business and its clients. Provide support for your rationale.

Create an argument for additional regulation as a preventative measure against businesses being hacked. Provide support for your argument.

Provide at least three (3) recommendations for businesses to secure their systems and assets from hackers. Provide support for your recommendation.

Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.

Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

Examine control and security concepts related to accounting information systems to ensure data integrity and safety.

Use technology and information resources to research issues in accounting information systems.

Write clearly and concisely about accounting information systems using proper writing mechanics.

Answered:-

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Premera Blue Cross has been serving the Northwest regions of USA since past 80 years and provides affordable and reliable dental, life, vision and medical coverage to families, individuals, professionals and companies. The company has a range of health plans that have varying costs and coverage for different needs and budgets of its customers. The company also operates its own pharmacy.

The Hack

The company was exposed to a database hack from 5th May 2014 to 29th Jan 2015. The data hacked included the names, addresses, birthdays, email addresses, member identification numbers, social security numbers, medicals claims information, clinical data and bank account information of the customers. The act of hacking affected Premera Blue Cross, Premera Blue Cross Blue-Shield of Alaska and other affiliated brands of the company like Connexion Insurance Solution and Vivacity among others. Hackers had access to around 11 million consumers and customers of the company. The hacking incidence affected many other members of the Blue Cross Shield plans who were seeking treatment in Alaska or Washington for different diseases.

The Subsequent Control Measures Premera Took

The company responded to the hack reveal in a swift and precise way. The investigations done by the company staff revealed that the date of the fist and initial attack was 5th May, 2014. The company notified FBI promptly and coordinated with the Bureaus’ investigation later. The company officials and techies also worked with Mandiant, a leading cyber-security firm to get some healing. Mandiant helped the company to remove the IT infections that were created by the hack. Premera took a number of steps to clean the attack residues and to further strengthen its security from future attacks.




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