Discuss how the fraud occurred

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Problem 1: Research the topic and discuss how the fraud occurred. Assess the effectiveness of the company's internal controls and recommend accounting information system (AIS) controls that will mitigate the risk of future attacks. Ensure your recommendation is in compliance with industry standards.

Acxiom manages customer information for credit card issuers, banks, automotive manufacturers, and retailers. A systems administrator for a company doing business with Acxiom exceeded his authorized access, downloaded an encrypted password file, and used a password-cracking program to access confidential IDs. The intrusion cost Acxiom over $5.8 million.

Reference no: EM132965058

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