Cyberlaw - M15

profileAditya K
DiscussionResponses.docx

Discussion 1: Importance of Technology Security Education

Today the world is being changed by the tremendous technological and innovative changes that are being made a day in day out. Organizations, societies, humanity, and governments have all embraced these new technologies to incorporate efficient, effective and transparent ways of doing things (Bajgoric, 2015). In the same vein, people have to learn how to use these new technologies with great care since it comes along with its demerits.

The following are the importance of why people ought to be educated and trained in adopting better technological security measures and frameworks in organizations (Judges and Lee, 2018). First intense training and education about cybersecurity will ensure that risks and loopholes associated with end-users in the systems are significantly reduced or minimized. The training will significantly help people to adopt the safest methods to use the technology around the organization without exposing it to any danger.

Secondly, the training and education about technological security usually help people in the organization to be IT experts hence can help the organization in coming up with better systems. The practice also allows individuals in the organization to modify systems and come up with better ways of doing things in the organization.

Organizations need to invest heavily in these training and education on how to implement better ways of handling technology in the organization. This will help the organization in handling cases of hacking, cyber-crimes, data, among other things. When the employees are appropriately trained, then the organization can be confident that its systems are safe from any external attacks.

It is of paramount importance for organizations to have a proper way of handling their technologies and essential software to avoid hacking cases (Judges and Lee, 2018). An organization should provide a robust framework and security measures to be used to prevent small mistakes being made that can cost the organization. These little mistakes include employees sharing information concerning the organization’s IT infrastructure, sharing their passwords with other people or even leaving their computers without logging out. These mistakes expose the organization to hackers and other cybercriminals that can hack into the organization.

Today almost all organizations are digitalized and use these modern ways of doing activities and transactions (Bajgoric, 2015). It is, therefore, imperative for an organization to invest in training their employees about the importance of ITB security. Thorough training and regular training can help improve the level of understanding among the employees too. The organization ought to have proper methods of ensuring that this happens since if the employees do not comply, then it means that the organization will have a weakness.

If the employees are not willing to comply with the rules firing them is not a solution. Instead, the organization ought to be creative to know the problem they are facing so that they can be inclusive and help solve the problem harmoniously without losing their experienced employees. Additionally, the organization can come up with a reward system to be used by employees who are most disciplined when it comes to IT security. This helps the organization to make the employees be vigilant and committed.  

Discussion 2: Cyber Security

With evolution of technologies and changes in all businesses across the globe, the threats to security have increased. Accounting and finance fields have also adopted the major technologies to apply into the fields and have simultaneously opted to be a victim of cybercrimes. Now that all transactions are going digital and everything happens on cloud-based technologies, it is important for companies to recognize the threats that may pose to the organization and the data. When a company’s data is compromised it means that it not only effects the organization but also the general public that have vested their trust in the organization. Cyber Security is one important issue that all companies need to address to and have regular trainings for the employees as well as to their customers. Cyberlaws are equally important for people to know their rights and reservations in terms of cyber security.

Cybercrimes are now certainly a global threat and financial institutions and the accounting field is no exception to it. Financial institutes are always at a higher risk when it comes to cybercrimes as there is huge amounts of data and transactions are involved. There are several cases for cyber crime attacks have involved hacking the major financial systems in governments as well as private agencies and have demanded ransom in the form of bitcoins. There are several laws governing countries internationally in terms of cyberlaws and the united states also has its own sets of laws across the 50 states governing the cyber laws.

Cyber security must be treated with utmost importance as the threats are posed to individuals directly as their privacies are compromised. Organizations need to have regular training sessions to make their employees aware of the threats that could pose to the organization and how to protect the data within the organization. Most of the organizations now have a team of cyber security specialists working just to protect the data and the information within the organization. Some companies have started to outsource the cybersecurity part which now has been a point of discussion as some believe this to be at risk. This is when cyberlaws prove a point. Companies along with having a strong security team have started to invest in attorneys or professionals who are specialized in cyberlaws. This helps the organization and the consumers of the organization understand better about the cybersecurity, the risks involved with cybercrimes and the cyberlaws that have them covered in case of breaches and threats.

To conclude the research paper mainly focuses on the security threats to the accounting and financial fields and the data proving some changes in the technological changes in the field. The paper emphasizes on cyberlaws and some case studies that provide details on some of the recent incidents pertaining to cybercrimes and how organizations have worked to improve ever since. There are some areas of the paper that also provides some steps organizations can follow to keep the privacy of the consumers safe and have a proper legal system to keep themselves and their customers safe.