Running Head: WHERE THE FAULT LIES
Where the Fault Lies
Keller Graduate School of Management
Accounting Information Systems
Professor: Emmanuel Ihejirika
January 24, 2015
In a global society where cyber crimes and digital fraud are becoming more prevalent, it can be difficult to decide whom to trust with your financial information. More and more the question seems to be, “Should companies be held responsible for losses when their accounting information systems are compromised by cyber attacks?” I will attempt to address this question with my personal argument, and personally I believe that companies should be held responsible for data breaches. There is an unspoken fiduciary agreement that exists between companies and their stakeholders that cannot be disregarded under any circumstances and I believe that there should not be any exceptions to that rule.
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