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Several years ago a ring of foreign-based hackers broke into Town Banks system and stole...

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Question

Accounting

Several years ago a ring of foreign-based hackers broke into Town Banks system and stole $10 million from its customers accounts. Discuss how systems can become vulnerable to computer crimes and then evaluate controls that strengthen those weaknesses.

Required:

a) Provide at least three weaknesses of AIS that hackers can exploit for gain and then

b) Suggest at least one control for each weakness

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