Reference no: EM133049803

Question - Accounting Information System - It is reported in news 7-Eleven of Japan suspended its recently launched payment feature in its mobile app. A loophole in it allowed hackers to hijack accounts and make fraudulent purchases. This reportedly added up to JPY 55 million (~RM2.1 million) from a total of 900 victims.

The 7-Eleven mobile app, called 7Pay, came with a flaw in its password reset function. 7Pay's implementation allowed anyone to request for a password reset, as it allowed the reset link to be sent to any email address, not just the account owner's. The fraudster will still need the account owner's email address, date of birth, and phone number.

7-Eleven Japan said that it will compensate all users who lost their account and funds in it. While the app remains live, the payment feature itself has been frozen. The company has also stopped registering new users for the app.

Adapted from Japan Times

Required -

a) Identify which cycle in System Development Life Cycle (SDLC) is applied and what requirement in the mentioned cycle is failed to be met.

b) Discuss the requirements needed in the cycle that you have answered in (a).

c) In your opinion, identify THREE (3) individual/group who are responsible in the failure of this system and justify.

d) Explain types of documentation needed for reference in case of a system failure as what happened to 7-Eleven Japan.