Posted by & filed under Data security, Internal control.

Description: On Friday Facebook’s parent company Meta announced that approximately 1 million of its users may have had their usernames and passwords stolen by hackers. Apps downloaded from Apple and Google appear to be the source of the problem, by permitting access to user information while disguising themselves as popular apps like fitness trackers and games. Apple and Google responded by nixing the troublesome apps from their platforms while Facebook has provided its users with advice on how to avoid similar problems in the future.

Date: October 7, 2022

Source:  thestar.com

 Link: https://www.thestar.com/business/2022/10/07/facebook-warns-1-million-users-about-stolen-usernames-passwords.html

Discussion points:

1) Have you ever been hacked? How about your classmates?

2) What are some habits you have adopted to improve your online security in the face of these skillful, but malicious, attempts to compromise your data security?

3) Starting on page 7-3 of Wiley’s Financial Accounting: Tools for Business Decision-Making is a section on the five control activities most organizations employ. Which category includes user names and passwords?

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