The purpose of this assignment is for students to research on a real life business and the impact of IT on the chosen business. Due: week 10 Weight: 25% of total marks Word limit: XXXXXXXXXXwords The...

Executive Summary
The report discusses the impact of IT on businesses and how it has become an integrate part of everyone’s life. The business in today’s scenario are tough to imagine to run without usage of information technology. The positive and negative aspects of IT are discussed by taking examples of famous incidents of security breach that shook major businesses around the world. One such example that is discussed in detail is security breach of data of it fitness app which led to hampering its brand image and impacted the businesses largely. The cases of security breach has been rising in recent times and consumer information is put at risk as many companies are not taking suitable measures to protect it. Further measures are discussed that should be taken by organizations to avoid an attack like this in future. This can help in saving the brand and also the trust that users show in them.
Table of Contents
Executive Summary
1. Introduction
2. How IT has helped business
3. Security Breach of Under Armour Data
4. The Impact
5. Other Security Breach Incidents
6. How IT can help
7. Conclusion
8. References
Introduction
The rise of technology has been blessing for many, but many others are just a moment away from it becoming a curse. The innovation that are happening in everyday life has made the life of people easier and ultimate the process of running business smoother. The methods that were complex and time consuming can now be done in simplified way and saving the time to a large extent. For example, the employee information is now configured in the ERP (Enterprise Resource Portal) using management information system. This has made the management of employees much simpler than what it was before. (Wieder, Booth, Matolcsy and Ossimitz, 2006) All sort of employee information can be access by a simple click and the HR team can use their time in more productive work. This is only a small aspect where we can see in how IT can help us.
With every business now adopting technology to automate the process of running business will change in a big way. In recent times, many businesses have faced consequences of using IT without taking proper measures of securing their system. When someone takes their data to store in cloud it also brings the risk of someone accessing it by secretly opening it. Phishing and hacking are some of the acts that people from online community do to take advantage of the information stores in the online databases. The information is sometime so important for the organizations that it can be leveraged, and lot of money can be asked in return of that. This has started taking a toll on various business who store their data online as the understanding of technology is increasing and there has been rise in number of cases of data theft and security breaches.
The renowned sports brand Under Armour became the recent victim of security breach when data breach affected huge number of account holders on their online fitness application. Small breaches have been taking place in large numbers, but this incident suggest that businesses are no safer from protecting their data from external parties. In 2013, Yahoo data was exposed which made data of 1.3 billion people vulnerable and could be accessed by hackers who can misuse it in various ways. It was only matter of time when the company shares fell down and the trust that customers had was lost in seconds. The report will take a deep dive into the case of security breach that happened with Under Armour this year, and how other business are getting affected due to these kinds of activities.
How IT has helped business
Cloud Computing
This is one evolution in IT that has helped the business in making the operations much easier. By utilizing the information through IT cloud computing helps the business to make it more agile and manages resources and time in efficient manner.
Remote working
Accessing your system remotely was not before IT got evolved. This has equipped the employees to get the work done without physically present at the workplace. This has helped in improving the efficiency as the work does not get affected in outage situations at workplaces.
Information Security
The huge...