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Consumer based internet products come with little to

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Consumer based internet products come with little to no cybersecurity.It is essential forecommerce companies offering their own products provide a reasonable amount of securityfeatures to their products and software.Often a software will require an annual update, whichrequires patch downloads installation that will fix the bugs in the software.An antivirus is oftenneeded as a backup, which will provide up to date security threat responses and detection.Toprevent weak incentives and market failures will accumulate insecure hardware and software.With the lack of cybersecurity liability Amazon could lose competitive ground.The law requirescompanies to protect against potential harm.The failure to leave Amazon products companieslike themselves to liability.Cybercrimes cost the US economy 400m billion a year according tothe center for strategic and international studies.In 2003 alone 3000 companies had their
ACQUISITION RISK ANALYSIS7systems compromised.Former President Obama addressed the issue of cybersecurity andconsumer protection for major retailers, law enforcement, and technical experts collaboratepartnership to develop ways to bolster cybersecurity.With Amazon offering several products,services, application, software, and hardware any cyber-attack of any kind can cause companyloss and liability.This will damage the company reputation.The government is tithing laws toensure organizations like Amazon take greater responsibility for cybersecurity and always reportcyber breaches.In 47 states the law requires the security breaches involving personal data bereported.The biggest obstacle is, how can executives their enterprise is doing everything it can to preventand avoid cyber-attacks?How can they identify gaps in the system?In 2018 days before blackFriday Amazon suffered a major data breach that cause customers names and emails addresses tobe disclosed on their website.The email didn’t give any details on how it affected customers orhow many people it affected.Amazon stated that the issue was fixed and notified he customersaffected.Amazon stated that the customers didn’t have to change anything, but with a breachthat affects emails should prompt you to change all passwords that may have been affected.Amazon top priorities should be Information Sharing which allows them to produce a predictionof cyber threat intelligence and its requirements when it comes to government classified reportsand services.Another priority is Intelligence and Disruptive operations that provides intelligenceand conduct disruptive operations against organized crime.When criminals attack a financialservices companies, it can cause a potential national issue amongst the company and ifcustomers.It is of great importance that Amazon has a Crises Response and contingency planthat will improve crisis responses and increase their investment by conducting sector exerciseprograms, joint crisis response protocols and joint contingency plans.They will need to improve
ACQUISITION RISK ANALYSIS8their cybersecurity and fraud prevention integration with core financial utilities, for exampleFedwire.

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