Computerized data belonging to individuals can be misused and transferred easily to unauthorized third parties at high speed and low cost?

Prepare for the ACCA Accountant In Business (F1) Exam with flashcards and multiple-choice questions, including hints and explanations. Get ready for your certification!

Multiple Choice

Computerized data belonging to individuals can be misused and transferred easily to unauthorized third parties at high speed and low cost?

Explanation:
The answer is true because advancements in technology have increased the speed and efficiency with which computerized data can be transferred. This includes personal information that is often stored in unsecured or poorly protected systems. Such data can be easily accessed and misused by unauthorized parties, particularly if proper cybersecurity measures are not in place. The nature of digital data means that it can be copied and transmitted with minimal effort, often in a matter of seconds, and at a low cost, compared to traditional methods. Unless organizations implement robust security protocols, including data encryption and access controls, there remains a significant risk of data breaches. This reality highlights the importance of data protection regulations and the need for individuals and organizations to prioritize cybersecurity measures to protect sensitive information.

The answer is true because advancements in technology have increased the speed and efficiency with which computerized data can be transferred. This includes personal information that is often stored in unsecured or poorly protected systems. Such data can be easily accessed and misused by unauthorized parties, particularly if proper cybersecurity measures are not in place.

The nature of digital data means that it can be copied and transmitted with minimal effort, often in a matter of seconds, and at a low cost, compared to traditional methods. Unless organizations implement robust security protocols, including data encryption and access controls, there remains a significant risk of data breaches. This reality highlights the importance of data protection regulations and the need for individuals and organizations to prioritize cybersecurity measures to protect sensitive information.

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