Identify and summarize three reported data breeches occurring in the U.S. since January 1, 2017. Identify date of breech, victim business, potential # identities compromised.
Year 2017 – One of the major data breaches – Intercontinental Hotel Group( IHG) – Date – Feb7,2017 – IHG the company that owns popular hotel chains like Crown Plaza , Holiday Inn, Kimpton Hotels , announced a data breach that effected 12 of its properties .
Case history – Malware was found on servers which processed payments made at on-site restaurant and bars .
Travellers that used cards at the front desk did not have information taken
The malware was active and started stolen data include cardholders names , Card number , expiration dates , internal verification codes
FAFSA –IRS data retrieval tool – Date April 2017 – IRS revealed that up to 100,000 tax payers may have had their personal information stolen in a scheme involving the IRS data retrieval tool , which is used to complete the “ Free application for federal student Aid”
In march 2017, federal official observed that a potential data breach and took the tool down
Currently the agency suspects that less than 8000 fraudulent returns were filed , processed and returns issued costing $ 30 Mio , 5200 returns were stopped by IRS filters and 14000 illegal refund claims.
2018 – FedEx – date Feb15, 2018 – discovered that personal information of 119000 FedEx customers sitting on unsecured Amazon Web service ( AWS) Cloud storage server.
Orbitz- Date March 20,2018 – this company is subsidiary of Expedia . Orbit announced that it has discovered a possible data breached affecting 880,000 consumers .
A hacker had used a legacy website to gain access to payment card and other personal information between Jan’2016 and Dec of last year .
The personal information includes birthday , address , full name , phone number email etc.
Year 2019 – EyeSouth Partners – date Feb 6,2019 – over 24000 patient of Georgia based Eye South partners are being notified of a breach. The breach occurred after an unauthorized third party gained access to an employee email account –
Down Jones – Date March 1,2019 – a data base containing 2418862 identity records on government officials and politicians from every country in the world was leaked online from a Down Jones watchlist
Year 2020 – Peekaboo Moments – date Jan 14’2020- a unsecured database on an elastic search server linking back to Peekaboo Moments .
An app where parents post images and videos of their children was left exposed .
An undisclosed number of email addresses , geographic location data , detailed device data have impacted . The app has downloaded 1 Mio times since launching in 2012 .
Identify and summarize three reported data breeches occurring in the U.S. since January 1, 2017. Identify...
Pharoah Company has used the dollar-value LIFO method since January 1, 2017. Pharoah uses internal price indexes and multiple pools. At the end of calendar year 2018, the following data are available for Pharoah's inventory pool A At Current-Year Cost Inventory At Base-Year Cost $1,000,000 $1,000,000 January 1, 2017 December 31, 2017 1,250,000 1,375.000 December 31, 2018 1.300,000 1,495,000 Computing an internal price index and using the dollar value LIFO method, at what amount should the inventory in Pool A...
The following account balances are for the Agee Company as of January 1, 2017, and December 31, 2017. All amounts are denominated in kroner (Kr). January 1, 2017 (16,000) 53,000 (44,000) (63,000) 133,000 59,000 (68,000) Accounts payable Accounts receivable Accumulated depreciation-buildings Accumulated depreciation equipment Bonds payable-due 2020 Buildings Cash Common stock Depreciation expense Dividends (10/1/17) Equipment Gain on sale of building Rent expense Retained earnings Salary expense Sales Utilities expense December 31, 2017 (27,500) 103,000 (49,000) (7,400) (63,000) 104,500 10.400...
At January 1, 2017, Headland Company reported retained earnings
of $1,941,000. In 2017, Headland discovered that 2016 depreciation
expense was understated by $365,000. In 2017, net income was
$967,000 and dividends declared were $225,000. The tax rate is
35%.
Prepare a 2017 retained earnings statement for Headland
Company.
HEADLAND COMPANY
Retained Earnings Statement
December 31, 2017For the Year Ended December 31, 2017For the
Quarter Ended December 31, 2017
Correction of Depreciation ErrorDividendsNet IncomeRetained
Earnings, January 1Retained Earnings, January 1, as...
At January 1, 2017, Indigo Company reported retained earnings of
$2,149,000. In 2017, Indigo discovered that 2016 depreciation
expense was understated by $383,000. In 2017, net income was
$948,000 and dividends declared were $256,000. The tax rate is
35%.
Prepare a 2017 retained earnings statement for Indigo
Company.
INDIGO COMPANY
Retained Earnings Statement
December 31, 2017For the Year Ended December 31, 2017For the
Quarter Ended December 31, 2017
Correction of Depreciation ErrorDividendsNet IncomeRetained
Earnings, January 1Retained Earnings, January 1, as...
ancer, Inc. (a U.S.-based company), establishes a subsidiary in a foreign country on January 1, 2016. The following account balances for the year ending December 31, 2017, are stated in kanquo (KQ), the local currency: Sales KQ 170,000 Inventory (bought on 3/1/17) 85,000 Equipment (bought on 1/1/16) 54,000 Rent expense 12,000 Dividends (declared on 10/1/17) 20,000 Notes receivable (to be collected in 2020) 33,000 Accumulated depreciation—equipment 16,200 Salary payable 4,400 Depreciation expense 5,400 The following U.S.$ per KQ exchange rates...
The following account balances are for the Agee Company as of January 1, 2017, and December 31, 2017. All amounts are denominated in kroner (Kr). January 1, 2017 December 31, 2017 Accounts payable (24,000 ) (31,500 ) Accounts receivable 45,000 95,000 Accumulated depreciation—buildings (36,000 ) (41,000 ) Accumulated depreciation—equipment 0 (6,600 ) Bonds payable—due 2020 (55,000 ) (55,000 ) Buildings 125,000 100,500 Cash 51,000 9,600 Common stock (60,000 ) (71,000 ) Depreciation expense 0 31,000 Dividends (10/1/17) 0 48,000 Equipment...
The following account balances are for the Agee Company as of January 1, 2017, and December 31, 2017. All amounts are denominated in kroner (Kr). January 1, 2017 December 31, 2017 Accounts payable (13,000 ) (19,500 ) Accounts receivable 41,000 91,000 Accumulated depreciation—buildings (32,000 ) (37,000 ) Accumulated depreciation—equipment 0 (6,200 ) Bonds payable—due 2020 (51,000 ) (51,000 ) Buildings 121,000 98,500 Cash 47,000 9,200 Common stock (71,000 ) (85,000 ) Depreciation expense 0 27,000 Dividends (10/1/17) 0 44,000 Equipment...
The following account balances are for the Agee Company as of January 1, 2017, and December 31, 2017. All amounts are denominated in kroner (Kr). January 1, 2017 December 31, 2017 Accounts payable (10,000 ) (21,500 ) Accounts receivable 33,000 83,000 Accumulated depreciation—buildings (24,000 ) (29,000 ) Accumulated depreciation—equipment 0 (5,400 ) Bonds payable—due 2020 (54,000 ) (54,000 ) Buildings 113,000 94,500 Cash 39,000 8,400 Common stock (63,000 ) (76,000 ) Depreciation expense 0 19,000 Dividends (10/1/17) 0 36,000 Equipment...
The following account balances are for the Agee Company as of January 1, 2017, and December 31, 2017. All amounts are denominated in kroner (Kr). January 1, 2017 December 31, 2017 Accounts payable (24,000 ) (31,500 ) Accounts receivable 45,000 95,000 Accumulated depreciation—buildings (36,000 ) (41,000 ) Accumulated depreciation—equipment 0 (6,600 ) Bonds payable—due 2020 (55,000 ) (55,000 ) Buildings 125,000 100,500 Cash 51,000 9,600 Common stock (60,000 ) (71,000 ) Depreciation expense 0 31,000 Dividends (10/1/17) 0 48,000 Equipment...
The following account balances are for the Agee Company as of
January 1, 2017, and December 31, 2017. All amounts are denominated
in kroner (Kr).
January 1, 2017
December 31, 2017
Accounts payable
(14,000
)
(22,000
)
Accounts receivable
40,000
90,000
Accumulated depreciation—buildings
(31,000
)
(36,000
)
Accumulated depreciation—equipment
0
(6,100
)
Bonds payable—due 2020
(50,000
)
(50,000
)
Buildings
120,000
98,000
Cash
46,000
9,100
Common stock
(70,000
)
(83,000
)
Depreciation expense
0
26,000
Dividends (10/1/17)
0
43,000
Equipment...