Reference no: EM132968487

Read the attached article and answer the questions below

The number of records stolen in the first half of 2018 reached an astonishing 4,553,172,708, an increase of 133 percent over the first half of 2017 according to a report from Gemalto. Moreover, although there was a noticeable increase in the number of data breach incidents in H1 2018 when compared to the same period of 2017, the number of events was lower, with only 945 for 2018 and 1,162 for 2017.

Reports show that 6,947,320 records are stolen every day considering that 14,644,949,623 items were compromised since 2013, with only 4% of them being encrypted. When calculating stats for the number of stolen or lost records by industry, social media companies have a substantial lead over all other sectors with 56.11% of all stolen records, followed by governments which lost 26.62% of all compromised data items.

Required

1. What is the business impact of such data breaches and attacks on organizations?
2.  What should the affected companies do in future to avoid data breaches and cyber-attacks?
3. What should the government do through policy and legislation to ensure that businesses and people trading through internet and online platforms are secure?
4. What is the business value of internet/E-business security and control for organizations? Discuss with local examples.
5. What are the most important tools and technologies for safeguarding information resources?