Description: Indigo Books and Music has a new website up and running following a recent cyberattack. But in this temporary site, Indigo says you can only “window-shop online.” You may browse, but if you find an item that interests you, you will need to go to an Indigo or Chapters store to purchase it. Indigo has not disclosed much in the way of detail about the incident. Sophos security expert Chester Wisniewski noted that it “doesn’t reflect well on brands when they’re not forthcoming about what’s going on.”

Date:  February 17, 2023

Source:  cbc.ca

 Link: https://www.cbc.ca/news/business/indigo-temporary-website-cybersecurity-1.6752009

Discussion points:

1) Are you an Indigo customer? If so, what sort of communication have you received from the company?

2) If you were a senior financial officer at a company hit by a cybersecurity incident, what response would you advise your management colleagues to disclose to your customers?

3) Page 7-3 of Wiley’s Financial Accounting: Tools for Business Decision-Making focuses on the five control activities in place at most companies. Which of these activities do you see as key to preventing security incidents like the one that hit Indigo?