Help me study for my Accounting class. I’m stuck and don’t understand.
“NBC Learn Videos: Cyberattacks on Public Companies”
Title: Equifax, Yahoo CEOs Face Questions on Capitol Hill
Date: Nov 8, 2017
Title: Facebook Reveals Security Breach Affects Up to 50 Million Accounts
Date: Sep 28, 2018
Title: Equifax: Personal Data for Millions of Americans Potentially Exposed
Date: Sep 7, 2016
- Watch the three NBC Learn videos on recent data breaches at three major corporations. Analyze the effects of the SEC‘s data breach disclosure requirement on financial reporting, based on the current language of the requirement. Recommend a change to the disclosure requirements to strengthen public company disclosures of cyberattacks. Provide support for your rationale.
- Examine the impact of cyberattacks on potential investors in a public company. As an auditor, provide your recommendations for including the potential of a cyberattack in the 10-K, as opposed to an actual attack. Provide support for your recommendation.