Posted by & filed under Auditing, Data security.

Description: This past Thursday one of the world’s biggest steel manufacturers, ThyssenKrupp, revealed that earlier this year it had been hit by cyberattacks. The hackers, from somewhere in Southeast Asia, stole valuable trade secrets from ThyssenKrupp. The company delayed informing the media about the attack until new security features were put in place.

Date: December 8, 2016

Source: theglobeandmail.com

Link: http://www.theglobeandmail.com/report-on-business/international-business/european-business/thyssenkrupp-secrets-stolen-in-massive-cyber-attack-this-year/article33264529/

Discussion Points:

1) What are some steps users can take to prevent unauthorized access to data?

2) If were an auditor at a company that had suffered a major data theft like this, how might it affect the way you would plan your audit?

3)  Where can you read about internal controls to prevent unauthorized access to data in Wiley’s  Auditing: A Practical Approach?

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