University of London Data And Security Breach Paper

Description

Scenario

The HIT Innovation Steering Committee within an organization is proactively looking at data breaches of other organizations to assist them with minimizing the risk to their data security and privacy. As an intern at this organization, you are to investigate and select a recently publicized data breach. Use information from the module readings, lectures and your own research. Create a Proposal for this Committee describing the identified data breach and strategies the organization can use to minimize security and privacy risks.

Instructions

Create a written Proposal that includes:

Description of the data breach (see attached file), including outcomes for the affected organization(e.g., regulatory and financial)

Discussion of the security, privacy, confidentiality, and ethical issues resulting from this breach

A final proposal discussion that describes methods that can be implemented in an organization to minimize risk for a data and security breach

Reference page of resources utilized

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The Block and Cash App class action lawsuit
A class action was filed against mobile payments company Cash App Investing and its parent
Block over negligent behavior related to the December 2021 data breach that allegedly
compromised the personal information of 8.2 million former and current users. The breach
resulted from an ex-employee still having access to reports containing users&ull names and
brokerage account numbers, according to an April filing by Block with the Security and
Exchange Commission (SEC). The ex-employee had regular access to reports as part of their
past job responsibilities. The ex-employee accessed the reports without permission after their
employment ended. The company stated that no personally identifiable information such as
usernames or passwords, Social Security numbers, date of birth, payment card information,
addresses, or bank account information was compromised. However, the downloaded reports
contained customers&ull names and brokerage account numbers 5nique ID numbers
associated with Cash App Investing customers3tock activity. The class action maintains that
data breach victims now face a heightened risk of identity theft and fraud. The lawsuit links the
data breach with subsequent thefts from users ash App accounts, with the leading plaintiffs
arguing they experienced fraudulent activity on their accounts following the breach.
https://www.pymnts.com/legal/2022/cash-app-block-accused-of-negligence-in-class-action-overbreach/

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