According to the authors, privacy and security go hand in hand; and hence, privacy cannot be protected without implementing proper security controls and technologies. Today, organizations must make not only reasonable efforts to offer protection of privacy of data, but also must go much further as privacy breaches are damaging to its customers, reputation, and potentially could put the company out of business. As we continue learning from our various professional areas of practice, its no doubt that breaches have become an increasing concern to many businesses and their future operations.
For this discussion, find an example of a security breach which compromised data records at a company in the same industry as you will be using in your final paper. Summarize the breach, discuss the data that was lost and identify security controls that you would recommend be in place (be certain to remember to cite sources) that could have prevented this breach from occurring.
1) Write a paper with a minimum of 400 words.
2) Industry chosen for final paper is Financial industry – CITI group, so be sure to choose a security breach with in finance industry.
3) Use at least 2 references from google scholar.
Text book attached.