Companies are failing to properly secure customer data, making it easy for hackers to steal sensitive information like credit card numbers. When data breaches occur, organizations lose trust while individuals are put at risk for identity theft and financial harm. Recent examples show fraudsters are increasingly skilled at hacking accounts through online and phone scams. Strong data protection is needed since personal information, if misused, could be used against people and result in financial losses.

1. Data Security Problems

2. 1. What are the main issues or problems highlighted in the articles above? The issues were companies don’t provide proper and effective security on their customer details. That’s why it’s easy for people who are good in computers to steal/hack the details.

3. 2. What are the possible consequences for each organisation?The consequences are they loss all the personal data and records of customers. And people are getting harmed because all their details are stolen. Also the trust of the public would be hard to gain it back again

4. 3. What are consequences for the individuals / consumers affected by the breaches? The consequences for the individuals were they don’t have any idea that their details including credit card number were stolen by someone and use it illegally.

5. 4. If these events had occurred in Australia, would there be any possible legal implications?If this case happened to Australia people who committed the crime would be prosecuted and punished. These sorts of things like hacking and stealing data are not acceptable

6. 5. Use the internet or other media to find recent examples where personal information has beenLeaked or misused in similar ways to those described in these articles.http://www.pbs.org/newshour/rundown/2010/08/online-fraudsters-increasingly-skilled-at-hacking-bank-accounts.html

7. 6. Summarise what you find.The article above tells us that today’s bank robbery happens via internet and fake phone calls. People these days tend to pay for something through phone calls and online banking. On this case hackers and online robbers find it easier to steal money from people rather than physically harming people for cash.

8. 7. Comment on the possible causes and effects what you found on those involved (e.g., the victims, theOrganisation, the perpetrator etc)?Cause: Company don’t provide security and protection for their private data.Effect: Hackers find it easier to steal data. This can lead into a serious trouble.

9. 8. Explain why personal information needs to be protected, including potential consequences ofPersonal information being misusedIt needs to be protected because it contains data which can be use against someone and it also contains bank details that can be stolen and affect you financially.By: CZAR Viscayno