Importance of Data Security in Business Organizations
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Questions and Answers

What is a common source of data security threats mentioned in the text?

  • Employees only
  • Cyber criminals looking for financial gain only
  • Third-party vendors only
  • Both employees and cyber criminals looking for financial gain (correct)

    • Why is data security considered a vital issue for organizations?

  • To discourage sharing of sensitive information
  • To increase the storage of non-critical data
  • To maintain the reputation of the organization (correct)
  • To allow unauthorized access to data

    • What type of data is commonly held by organizations according to the text?

  • Social media passwords
  • Non-essential personal data only
  • Personal shopping history
  • Business plans and financial results (correct)

    • Which action by an individual increases the risk of data leakage according to the text?

    <p>Sharing sensitive data with others</p> Signup and view all the answers

    What is one reason individuals hold personal data on their personal computers according to the text?

    <p>To perform online functions like shopping and social networking</p> Signup and view all the answers

    In what way does holding valuable information provide an edge to organizations over their competitors?

    <p>By enhancing decision-making capabilities</p> Signup and view all the answers

    What type of personal data was stored on the missing disk drive in the Health Net case study?

    <p>Health information, Social Security Numbers, and bank account numbers</p> Signup and view all the answers

    How many payment card numbers were leaked during the attack on Michael Stores?

    <p>2.6 million</p> Signup and view all the answers

    What action did the Connecticut Attorney General take against Health Net?

    <p>Sued them for failing to protect patient records and delayed breach notification</p> Signup and view all the answers

    How did the criminals attack the point of sale systems at Michael Stores?

    <p>By using highly robust malware</p> Signup and view all the answers

    Whose data was leaked by a former financial advisor in the Variable Annuity Life Insurance Co case study?

    <p>Variable Annuity Life Insurance Co customers' data</p> Signup and view all the answers

    Which company offered one year free subscription for credit monitoring and identity theft protection to those affected?

    <p>The hospital</p> Signup and view all the answers

    Why is data security crucial for organizations according to the text?

    <p>To prevent catastrophic effects on the organization</p> Signup and view all the answers

    What is the consequence if an organization's data is not protected according to the text?

    <p>Potential catastrophic effects on the organization</p> Signup and view all the answers

    How often does data theft occur according to the text?

    <p>Daily</p> Signup and view all the answers

    What is the main purpose of Business Data Protection as mentioned in the text?

    <p>To protect confidential information from unauthorized access</p> Signup and view all the answers

    Which of the following best describes the current status of data storage in organizations as per the text?

    <p>All data is present in digital form</p> Signup and view all the answers

    What can happen if an organization neglects data security according to the text?

    <p>Consumers' information can be at risk and competitors can access confidential data</p> Signup and view all the answers

    What does data security aim to prevent?

    <p>Unauthorized access</p> Signup and view all the answers

    Why is data security important for organizations?

    <p>To enhance public trust</p> Signup and view all the answers

    What is the main focus behind data security?

    <p>Protecting personal or corporate data</p> Signup and view all the answers

    Which term refers to protective measures applied to prevent unauthorized access to digital data?

    <p>Data protection</p> Signup and view all the answers

    Why is data security considered a critical consideration for any organization?

    <p>To ensure efficient service delivery</p> Signup and view all the answers

    What can happen if confidential data is not secured properly?

    <p>Potential huge losses to the organization</p> Signup and view all the answers

    Why is data security considered the main priority for organizations?

    <p>To prevent unauthorized access to computers, databases, and websites.</p> Signup and view all the answers

    What can happen if an organization ignores security measures?

    <p>They risk destroying their reputation with just one betrayed customer.</p> Signup and view all the answers

    What is more valuable than computer software and hardware for an organization?

    <p>The data possessed by the organization</p> Signup and view all the answers

    What can happen if an organization believes they won't fall prey to a cyber-attack?

    <p>They are gambling with their entire business.</p> Signup and view all the answers

    What is data security aimed at preventing?

    <p>Unauthorized access to computers</p> Signup and view all the answers

    How does the text emphasize the importance of protecting data?

    <p>By stating that it is more valuable than software and hardware.</p> Signup and view all the answers

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