Accounting : Cyber Attacks In Public Companies

Running head: CYBER ATTACKS IN PUBLIC COMPANIESCyber-attacks in Public CompaniesInstitution Affiliation:Students Name:Professors Name:Course Title:Date:1CYBER ATTACKS IN PUBLIC COMPANIES2Cyber-attacks have been increasing daily and its a threat to confidential informationwithin various public companies. Leakage of financial information among business firms leadsto growth in volatility of the stock and hurts long term investors of business firms since theydevelop negative confidence on the stability of stock prices (Amoroso, 2011). SECs data breachdisclosure leads to leakage of trade secrets and business policies which define current and thatfuture road map of the business. Leakage of information on business strategies will make thatfirm to remain less competitive in its field of production.Business public companies will therefore record high loses since their competitive firmswill introduce new marketing strategies against them. Each business firm has confidential datarelating to business. Under this confidential category, the customer base remains being part of it.In such manner, while meeting the SEC exposure, it is exceptionally hard to shar ...


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