Case Grant Thornton Llp V. Fice Of Controller Of Currency

Defendant’s Position in the case Grant Thornton LLP v. the Office of Controller of Currency Good morning, your Honor. I am Theresa Pacholik and I am representing Group One. Please let me introduce my colleagues: Chelsea Rowell, Miles Brown and Kimberly Hudson. We come in front of you today with our clients, the Office of Comptroller of Currency (OCC) to show why the court should uphold the decision of the district court against Grant Thornton LLP (Grant Thornton). We will discuss the negligent actions performed during the audit conducted by Grant Thornton and how their unsafe and unsound practices impacted First National Bank of Keystone (Keystone Bank) regulators, shareholders and the public. Background. Grant Thornton LLP v. FDIC, took place in West Virginia District Court in 2004. We are here today as a result of the appeal filed by Grant Thornton. In asserting for the OCC, we will prove why Grant Thornton is responsible for not acting in accordance with the laws and regulations designed for independent financial institutions while conducting an audit for the First National Bank of Keystone. The OCC is an independent bureau of the U.S. Department of Treasury that is responsible for supervising all national banks and federal savings associations, including federal branches and agencies of foreign banks (Office of the Comptroller of the Currency, 2015). The First National Bank of Keystone was incorporated in 1904 in Keystone, West Virginia. Keystone Bank was a member of

What Makes A Buyer Driven Commodity Chain Is Walmart

Commodity chains are what keeps this country’s people shopping. There are two types of commodity chains, producer-driven and buyer-driven. The producer-driven chains are formed and found in industries where the producers of specific product control their own global production (manufacturers). Buyer-driven chains are retailers or brand name merchandisers who establish and control global production of their products. These are referred to as buyers because they source their global goods from suppliers globally. One huge example of a buyer-driven commodity chain is Walmart. As I read this article, which discusses many things about Walmart and what it has done to the American economy, I am surprised and disgusted. Walmart claims that they are family oriented and here for their workers. We are not anti-union we are pro-associate. If this is the case, how could they conduct their business in such a way that it hurts Americans? Are these Americans not their workers? Why, then, are t hey not supporting American manufactures? The author suggests that there are ten ways that Walmart has destroyed manufacturing jobs in America, and that Walmart’s role in this is under estimated. Walmart is the largest Company in America and it holds tremendous power over the market. Walmart could have helped build up the American economy, but instead, has chosen to use this power to eliminate manufacturing jobs and to lower labor standards through its entire supply chain. There are waysShow MoreRelatedWalmart Is A Commodity Chain1494 Words   |  6 Pages As I read this article I was intrigued because it talks about how Walmart would not exist without the poor because they are forcing desperate people to accept lower paying jobs to keep them within the poverty level. Walmart is a commodity chain. Commodity chains keep this country and others country’s people shopping. There are two types of commodity chains, producer-driven and buyer-driven. The producer-driven chains are in industries with specific products that are controlled by producersRead MoreCarrefour vs Walmart6435 Words   |  26 Pagesthey can live better. In addition to this mission statement, the company looks to its founder, Sam Walton for a company purpose: â€Å"If we work together, we’ll lower the cost of living for everyone†¦we’ll give the world an opportunity to see what it’s like to save and have a better life.† In order to fulfill its mission, Wal-Mart has developed some unique, policies, principles, rules, processes and procedures, the sum total of which form the Wal-Mart stores corporate culture: Open DoorRead MoreSWOT analysis of Walmart5872 Words   |  24 Pages†¢ People think we got big by putting big stores in small towns. Really, we got big by replacing inventory with information. Sam Walton, Founder of Wal-Mart SWOT analysis of Walmart This is Walmart Stores Inc. SWOT analysis for 2013. For more information on how to do SWOT analysis please refer to our article. Company background Name Wal-Mart Stores Inc. Industries served Retail Geographic areas served Worldwide Headquarters Bentonville, US Current CEO MikeRead MoreInformation Technology : An Adaptive And Innovative Organization Essay3545 Words   |  15 Pagestechnologically innovative devices such as internet, computer, scanner, analytic tools, software and smart phone which help distribute important information from top level to bottom level management which in turn use all these useful information generated to make crucial decision making regarding the objective and mission of the organization itself. According to (Gartner,2013) linking technology to business strategy is a essential, because the impact technology plays in helping to drive financial, managementRead MoreSustainable Solutions11923 Words   |  48 PagesRunning head: SUSTAINABLE SOLUTIONS 1 Sustainable Solutions Paper Katherine Kem DBA Strategy Dr. Robert Hockin, Instructor February 21, 2010 Running head: SUSTAINABLE SOLUTIONS Sustainable Solutions Paper Walmart has some of the best supply chain methods in the market, and is working to become an industry leader in sustainability. Despite this, there is much criticism of this ‘giant’, and an in-depth look of their organization from a sustainable lens will review their successes, failuresRead MoreKrispy Kreme2941 Words   |  12 Pagesgenerally located in freestanding suburban locations. They also operate smaller satellite stores, kiosks and sell directly through large retailers such as Tesco. Krispy Kreme is a vertically integrated business. Starting with their secret recipe, they make fresh doughnut mix each day, which is distributed to all stores. They manufacture their own doughnut and coffee machinery. Doughnuts are freshly made; they have a simple product line focused on doughnut variations and their own branded coffee (developedRead MoreE Logistics4076 Words   |  17 Pagesseafood has lacks some tra nsparency of ‘underlying facilitator’ of every aspects of the negative fishing sector (FAO, 2010, p.105).It is much difficult purchase fish products responsibly with lack of transparency. Challenges of Wal-Mart’s supply chain: Wal-Mart’s also faces some challenges like other large global companies. There is lot of problems faced by many firms. One main problem faced by global industries is mass production organization and the problem is serving a smaller amount of seaRead MoreWalmart Report10567 Words   |  43 PagesChina, including Supercentre, Sam ¡Ã‚ ¦s Club and Neighboorhood ¡Ã‚ ¦s Market [7]. In 2004, Wal-Mart achieved sales revenue of 76.3 billion and a sales growth of 30.5 % [8]. In addition, based on its operating situation in 2004, it had been ranked 17 in the Chain Operating Enterprises in China. [8]. However, it still has not made any profit in China in the previous years. 7. http://www.chinadaily.com.cn/english/doc/2004-11/29/content_395728.htm 8. http://www.i18.cn/newscenter/news/guoneinews/2005-2-28/21424Read MorePG industry analysis2177 Words   |  9 PagesGoods Industry (CONSUMER GOODSG) or Fast-Moving Consumer Goods (FMCG), which refer to the products or services for personal or household use in which are sold quickly and at relatively low cost. The main players are both on retailer side such as Walmart, Carrefour and Target and on the global companies side such as Unilever and Procter Gamble. 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Incident Of Ransomware Attack Samples †MyAssignmenthelp.com

Question: Discuss about the Incident Of Ransomware Attack. Answer: Introduction Cyber security is perhaps the most pressing concern for the current world order. The exponential growth in the frequency of cyber-attacks and the rate of evolution of the types of cyber-threats have forced the protectors of cyber world to stay vigilant always. It has become a race between the protector and the attacker and it seems that the attacker always manages to stay a step ahead (Sales, 2012). The report focusses on this fact by introducing the incident of a recent ransomware attack worldwide that has caused turmoil throughout the globe. Discussion The report discusses in detail the incident, the mode of the attack, the part of the society which is affected the most and the way they are affected, lastly, the possible remedies to such problems. About WANNACRY The WANNACRY initiated its attack on May 12, 2017 by a hacker group known as The Shadow Brokers that spread and affected worldwide. It is a ransomware crypto worm that attacked those computers, which is running any version of Microsoft Windows as its operating system (Mohurle Patil, 2017). The attack was carried out by encrypting various contents of the system including the operating system and demanding payments as ransom in the form of bitcoin crypto currency. The hacker group claimed that after receiving the demanded payment they would provide a decryption key to the victim, using which the victim can restore the computer to its previous status (Mohurle Patil, 2017). The ransomware violates a glitch of Windows Server Message Block (SMB) protocol, known as EternalBlue, to enter the targeted system. It was later found that this glitch was originally identified by the United States National Security Agency (NSA), who stored it for carrying out other offensive operations rather than reporting it to Microsoft Corporation (Swenson, 2017). The glitch was later found by Microsoft a few months prior to the ransomware attack and it immediately launched security bulletin, on March 14, 2017, which explained the problem in detail and informed the release of security updates for all Windows versions, which were supported by Microsoft; namely Windows 7/8.1/10/Server 2008/Server 2012/Server 2016/Vista (Renaud, 2017). However, there were many users who did not install the necessary patch at that time and were affected when two months later, on May 12, 2017 the ransomware attack initiated. There were also many people who were using unsupported version of Windows i n their system like Windows XP / Server 2003. Those were the first to get affected by the attack (Renaud, 2017). Mode of the Attack The infection WANNACRY has the same attack signature as most advanced ransomware. It infects a computer by finding and encrypting a range of vital system files. The user is prohibited to access the system and view or retrieve any content from the same (Shackelford, 2017). A ransom note is displayed on the computer monitor that asks the user to pay up a one-time ransom of 300 - 600 US dollar worth of bitcoin crypto currency. The ransom is required to be delivered to receive the process of decryption that will free the affected computer from the ransomware (Shackelford, 2017). Effect of WANNACRY on the world The ransomware attack took a toll on over 230,000 computers in 150 different countries within a day. The National Health Service (NHS) of United Kingdom was partially infected by the attack, forcing it to carry out certain functions on an emergency basis during the outbreak (Collier, 2017). Certain organisations of Spain like Deutsche Bahn, Telefonica and FedEx were also infected along with many other organisations worldwide (Collier, 2017). The general mass throughout the world were veritably affected and the damage caused to the number of personal computers were gigantic (Collier, 2017). The ransomware attack left the victim with the choice either to pay up the required ransom with no guarantee that the affected system will be cured of the infection even after the ransom is payed; or not to pay and accept the damage done (Walkinshaw, 2017). Possible Remedies Conjured A remedy was conjured within a short time after the beginning of the outbreak by a 22-year-old web security researcher hailing from North Devon, England known as Marcus Hutchins (Gandhi, 2017). He found a way to kill the infection by registering a domain name that he identified in the code of WANNACRY. This discovery hindered the spread of the infection greatly, pausing the initial attack on Monday, May 15, 2017 (Gandhi, 2017). However, newer versions of the ransomware were detected from which the kill-switch was removed. Under certain circumstances, some researchers claimed that they found ways to retrieve data from infected computers (Gandhi, 2017). Microsoft on their part had launched security patches as soon as possible that detected the vulnerability of EternalBlue in a computer running Windows Operating System of both supported and unsupported versions and removed them, thereby rendering the ransomware useless (Gandhi, 2017). It is claimed by security experts that within four d ays of the outbreak most organisations had applied updates which had slowed down the spread of the infection considerably. Detailed technical write ups were also released by many organisations like Malwarebytes, McAfee, Microsoft, Symantec and Cisco that helped to prevent the infection a lot (Gandhi, 2017). Conclusion The report concludes with the awareness that a determined mind is hard to stop. However, equal or stronger determination can prevent catastrophe. Therefore, the protectors of cyber security should always have the determination to protect the cyber world against its attackers that should be stronger than the determination of those who seek to hamper it. The threat to cyber security is a disease that is better to keep at check always and to eradicate completely if possible. References Collier, R. (2017). NHS ransomware attack spreads worldwide. Gandhi, K. A. (2017). Survey on Ransomware: A New Era of Cyber Attack. International Journal of Computer Applications, 168(3). Mohurle, S., Patil, M. (2017). A brief study of Wannacry Threat: Ransomware Attack 2017. International Journal, 8(5). Renaud, K. (2017). It makes you Wanna Cry. Sales, N. A. (2012). Regulating cyber-security. Shackelford, S. (2017). Exploring the Shared Responsibilityof Cyber Peace: Should Cybersecurity Be a Human Right?. Swenson, G. (2017). Bolstering Government Cybersecurity Lessons Learned from WannaCry. Walkinshaw, N. (2017). What Is Software Quality, and Why Does it Matter?. In Software Quality Assurance (pp. 7-21). Springer, Cham.

Wealth changes people Essay Example

Wealth changes people Paper In the novel The Pearl the author, John Steinbeck has clearly stated a message. He taught us the life lesson, that being wealthy isnt everything through a character he created named Kino. Steinbeck had placed the setting in a poor village in La Paz and described Kinos relationship of their close-knit family. When the pearl was found, the plan was to sell it and use the money to pay for Coyotitos medical bills also to send him to school for an education. This extraordinary idea was demolished by the actions of Kinos greediness for money. As the novel progressed the events only became more serious. He did not only hurt the people around him that love him, but himself. In Kinos ears the Song of the Family was as fierce as a cry. He was immune and terrible and his song had become a battle cry. Kino turned down pearl buyers, hit his wife, murdered a man, ran away from home and shot his baby. Kino became avaricious. When the pearl buyers had not offered Kino the amount of money he expected, Kinos face grew dark and dangerous. Maybe he thought they were trying to cheat him. Perhaps, Kino was just being a pigheaded fool. Logically, anyone as poor as Kino would have taken such a great deal of money but he wanted more. All of the time Juana had been trying to rescue something of the old peace, of the time before the pearl. Juana felt the evil of the pearl devastating her husband. Kino had become abusive and obsessive. Earlier she tried as much as she possibly could to warn Kino and save themselves. Let us destroy it before it destroys us. Let us crush it between two rocks. Let us throw it back in the sea where it belongs. The minute Kino spotted her trying to discard his future, he struck Juana on her face. From then, Juanas best interest was to keep quiet because she knew there was a murderer in him. Kino not only hit his wife but he had murdered a man he thought was attacking the pearl. We will write a custom essay sample on Wealth changes people specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Wealth changes people specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Wealth changes people specifically for you FOR ONLY $16.38 $13.9/page Hire Writer He was an animal now, for hiding, for attacking and he lived only to preserve himself and his family. Kino developed into a vicious tyrant. In order to cover the dead body of the murdered man Kino set their house on fire and he decided running for their life was the best thing to do. Their boat was damaged so they were forced to do it by foot. This procedure excluded his familys thoughts in doing so. It was his way or no way. Kino was a terrified man. Every minute of the day, he was alert on their journey to the Capital. When the hunters came, there was protection towards the pearl, his family and his life. Kino laid as rigid as the tree limb. He planned to kill the one with the rifle and steal the lethal weapon. Kino went to the extent of not even breathing to make his procedure easier before his attack. Kino edged like a slow lizard down the smooth rock shoulder. He had to wait for the lighting of the moon. His legs were as tight as wound springs. When Kino grabbed the rifle pulled the lever and fired, he killed his baby, Coyotito. Kinos greediness had caught up to him and made him face reality. All his dreams for Coyotito were shattered and the silence of death of his beloved son had over shadowed the night. When the pearl was thrown in the lovely green water, the evil music of the pearl drifted to a whisper as it disappeared under the secrets of the ocean. Kino had discarded his evil personality and learned the life lessons of family. Its better to be rich in life than in wealth.