Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Cost Accounting, Financial Accounting, Fraud Accounting, Managerial Accounting, Uncategorized.

According to the New York Times, hundreds of businesses around the world are grappling with potential cybersecurity vulnerabilities after a software provider to more than 40,000 organizations has been the victim of a “sophisticated cyberattack.”

Questions:

  1. What types of organizations in Sweden have been hit?
  2. What is the name of the software company that has been the victim of a cyberattack?
  3. What makes this particular cyberattack stand out?
  4. How much ransom have some of the affected companies were being asked for?
  5. Would accounting firms using this software be vulnerable?

Source:

Browning, K. (2021). Hundreds of Businesses, From Sweden to U.S., Affected by Cyberattack. The New York Times, July 2 (Retrievable at https://www.nytimes.com/2021/07/02/technology/cyberattack-businesses-ransom.html)