The Biggest Risk Of Data Theft Lies Within A Company s...

The biggest risk of data theft lies within a company s customers. When security breaches happen, the customer begins to question if Sunoco has looked out for their personal information and overall trust becomes an issue. Whenever someone purchases with a credit card, the customer is putting their trust in Sunoco that the information will not fall into the wrong hands. If Sunoco does not handle the situation quickly and efficiently after it occurrs, panic ensues by current and potential customers. Credit cards are a huge portion of sales today. According to Javelin Strategy Research, â€Å"plastic cards purchases comprised 66 percent of all in-person sales, with nearly half of them, or 31 percent, made with debit cards. Last year shoppers used credit cards for 29 percent of point-of-sale purchases; it is expected that the numbers will rise to 33 percent by 2017† (New, 2012, para. 5). That leaves potential for a significant loss in sales and annual earnings. With the increase o f credit and debt card usage, Sunoco needs to take the necessary action to ensure that data theft does not occur again for their customers. In order for Sunoco to avoid the consequences and risks of a data breach, security systems must be updated on a frequent basis and implemented when they become available. Heavier monitoring of the Point of Sale system (POS) that the customers have available at the gas pump should also be implemented. After the Target credit card breach, the Department of Homeland ofShow MoreRelatedUnethical Computer Issues1912 Words   |  8 Pagesdo everything from work related projects to managing financial transactions and accounts online. While technology has made our lives more convenient than ever before, cyber crime, in various forms, has become one of our biggest concerns. It is a crime to misuse another person s whether personal or financial information, without their consent, for fraudulent activities. 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