Reference no: EM133774667

Leadership Update: Cyber Crime

The senior leadership of your organization is preparing for its annual three day meeting. During these meetings, one day is devoted to current events / issues which the company finds itself needing to address. For this year's meeting, you have been asked to give a presentation on Cybercrime as a strategic threat to the organization.
Over and over in your career you are going to have to take threat intelligence including news stories on breaches and attacks and then evaluate your network for exposure and figure out if you are vulnerable and how to mitigate the risk.
To prepare for your presentation, you should find a recent news report or law enforcement press release about a specific instance of a cybercrime which impacted the financial services industry (or customers). Analyze the report / press release and then write a background paper containing your analysis and findings.
In your background paper, include a summary of the report or press release that addresses the crime, the perpetrator, motive (if known), methods, the victim(s), the object of the crime (systems, data, networks, etc.), and the outcome of the investigation / prosecution. (Who did what to whom? What happened?)
Should the company take actions or develop strategies to protect itself from similar crimes? What are your recommendations in this regard?
Post your 5 to 7 paragraph background paper as a reply to this topic. Remember to cite your sources and include a reference list at the end of your posting.