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本篇英国paper代写-Ashley Madison was hacked讲了根据黑客的声明，Ashley Madison于2015年7月15日遭到Impact Team的黑客攻击，这是因为业务利润来自别人的痛苦。据名为Troy Hunt的开发人员称，网站上的信息很容易泄漏，女性只需输入丈夫的电子邮件即可知道丈夫是否有事。本篇paper代写由51due代写平台整理，供大家参考阅读。

Ashley Madison was hacked by Impact Team on July 15, 2015, which was because the business profits from others’ pain, according to the statement of hackers (Basu 2015). According to a developer named Troy Hunt, information is easy to leak in the website, a woman only needs to type in her husband’s email to know if her husband is having an affair (Brandom 2015). Obviously, the accident belongs to External Fraud in Basel category, one of whose examples is information theft due to hacking activity of outside groups. In this case, the website was hacked by Impact Team.

Investment banking has been in serious trouble since financial crisis, banks did not only made losses because of their investment failure on securities and derivatives, also penalties on their wrong behaviors caused by lack of OR managing. DB is a typical example of OR managing failure.

A former MD of DB admitted that he committed a dishonest crime which aimed to manipulate LIBOR to make his financial instruments linked to LIBOR more profitable (Raymond 2016). The incident can be categorized into Clients, Products, and Business Practices operational risk. Of the risk, market manipulation is a typical example, in this case, DB employee manipulated financial benchmark interest rate to make profits. 

Accretive Health, which is a publicly-traded hospital financial consulting firm, restated its financial report dating back to second quarter in 2010. The corporate official said there was no reason to suspect a fraud and the incident was resulted from accounting discrepancies (Shinkman 2015). Clearly, it is an example in Execution, Delivery, and Process Management, because the company did not follow GAAP practice in accounting processing, it had to restate its financial results.

Fukushima nuclear power station is located on the pacific coast of Japan, which was struck by The Great East Earthquake and subsequent tsunami. Lots of radioactive materials were leaked due to this natural disaster and resulted in serious damages (Fukushima on the Globe 2011). Fukushima accident should be an example of Damage to Physical Assets, which include natural disasters and terrorism accidents. 

The explosion and sinking of Deepwater Horizon killed 11 workers and spilled huge amount of oil to the Gulf of Mexico. Even though BP and its partners announced that the accident is not foreseeable, information and testimony given to congress shows that the accident derives from the company’s pursuit of profit and lack of safety measures. If we go into further research, the regulatory deficiency is also a key factor in such a big event (Eley 2010). Such events belong to Employment Practices and Workplace Safety, it is big companies’ profit-driven operation model that drives them ignoring the safety of employees. Government agencies should therefore enhance their regulatory obligations and prevent such events from occurring.

German wings Flight 9525 incident killed 150 men on board. The French BEA investigation report shows that the incident was intentionally performed by the copilot in the plane. The copilot was worried about his decreasing vision ability threatening his career as a pilot and he suffered from mental diseases. The failure of interfering with the copilot’s mental health and suspending his flight career temporarily led to the catastrophic event (Aviation safety network 2016). This event suits characteristics of Employment Practices and Workplace Safety. In the case, the employee’s health problem results in the final tragic event.

Horseshoe Casino Cincinnati awarded Kevin Lewis twice for he comes to the casino regularly, first time the wrong guy, second time the right guy. Because two people named “Kevin Lewis” of the same age live in Cincinnati (Perry 2014). There’s no doubt that the accident belongs to the category of Execution, Delivery, and Process Management. It is working staff’s task failure leading to the event.

A sexual center in London leaked personal information of 780 patients who attended HIV clinics. The clinic said it is caused by human error by a working staff. Health Secretary Jeremy Hunt said it was “intolerable” and health centers must be regulated in a high level to ensure patients that their personal data are protected (BBC News 2015). It’s also a case in failure of Execution, Delivery, and Process Management. High frequency of such cases warns us the importance of process management and staff training.

Technical issues in 2015 forced NYSE to halt trading for one day. According to an expert in Wall Street trading systems, it is the faulty system upgrade that led to trading stopped. The similar thing once happened in Nasdaq a few years ago and more widespread in influence (Gandel 2015). Such cases should be in the category of Business Disruption and System Failures. Such operational risk is shown in the examples of software/hardware/telecommunication outage and disruption. 

Hunter Panels and its parent company, Carlisle Construction Materials discriminated against the female worker, Sandra S. Robertson for a long time. The discrimination was taken on by harassment toward her and threatening her by firing. In view of the hostile work environment the company imposed on her, the court awarded her $13 million in damage and pay (Silver 2015). It is also a typical case of Employment Practices and Workplace Safety. Employee in this case is treated in a gender-biased way. Such cases also represent a relatively higher percent of operational risks. The company should pay extra attention to the wellbeing of employees.

References:

Aviation safety network 2016, Final investigation report released into Germanwings flight 4U9525 pilot suicide accident.

Basu, E 2015, Cybersecurity Lessons Learned From the Ashley Madison Hack. FORBES. 

BBC News 2015, London clinic leaks HIV status of patients.

Brandom, R 2015, Ashley Madison's data breach is everyone's problem. THE VERGE. 

Eley, T 2010, What caused the explosion on the Deepwater Horizon? World socialist website. 

Fukushima on the Globe 2011, What Happened? 

Gandel, S 2015, This is why the NYSE shut down today. Forbes. 

Perry, K 2014, $1 million winner now broke and convicted. USA today. 

Raymond, N 2016, Ex-Deutsche Bank trader pleaded guilty in U.S. to Libor scheme: records. Reuters.

Shinkman, R 2015, Accretive Health restates earnings, finds nearly $1.4B gap. Fierce Healthcare. 

Silver, JD 2015, Jury awards woman more than $13 million in work discrimination case. Pittsburgh Post-Gazette.

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