Posted by & filed under Auditing, Fraud, Internal control, Risk management.

Description: Home Depot appears to be the latest big-name retailer hit by hackers stealing credit card data. Estimates suggests this problem could affect up to 60 million account holders with a cost of up to $3 billion. Home Depot is offering a variety of services to help users who may have been hit in this wide-ranging hack.

Source: CBC.ca

Date: September 16, 2014

Link: http://www.cbc.ca/news/business/home-depot-credit-card-security-breach-could-cost-3b-1.2768043

Questions for Discussion:

1) If you were an executive at Home Deport, how would you respond to clients affected by this security breach?

2) For accountants and auditors, what are some of the internal control issues raised by this hacking incident? What can organizations do to mange this risk?

3) As a consumer, how do you protect yourself against the theft of credit card data and other personal information?

 

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