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    The Australian Red Cross Blood Service (Blood Service) websitewww.donateblood.com.au allows individuals to book appointments to donate blood. The website is managed by a third party organization named PrecedentCommunications Pty Ltd. After becoming aware of the compromise of the data, AusCERT attempted to contact the Blood Service. As AusCERT did not receive an immediate response from the blood Service, AusCERT took steps to contain the data breach and undertook to identify and contact the Internet Service Provider (ISP) responsible for hosting the UAT environment....

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    There have been various reasons for the data breach, and mistakes have been done from the PrecedentCommunication Pvt Ltd. During any phase of the project, nobody should be allowed to take the backup of the data and store it in the publically opened server space because all the time hacker used to keep scanning for the data.

     

    “The data breach response plan is a defined set of actions that help organisations to detect and respond to incidents in a fast, planned and collaborated manner”(Dutton, 2019). Once data breach is reported then the following action could be taken to make sure that it can be prevented very soon.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

    This report aimed to develop a critical understating of the various accounting software by evaluating the cloud-based accounting software in regards to businesses and then suggest the most appropriate accounting software to a chosen company such as Woolworth. The findings of the current report reflected that the company has key activities like manage, organize, maintain its store staff, develop various strategies for the business, billing for their products, maintain their transactions, and records them and handle their conflicts, etc. Similarly, its other activities related to revenue and expenditure cycle also includes sales and purchase related practices. Moreover, some internal controls are found weak in Woolworth due to which company has risks like segregation of duties, major frauds, poor corporate governance, improper monitoring of managerial opportunistic behavior.

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