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Description of Management Information Systems

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In the past, companies would remain silent if they experienced customer data loss for fear of bad publicity and potential legal liability. Why are companies reporting customer data losses quickly now?

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This solution provides a description of management information systems.

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The response addresses the queries posted in 369 words with references.

In the past, it was a usual practice of companies to not reveal the fact that data of a customer had been lost or compromised. This was due to the fact that this could result in decline of their good will, and they could even face legal suits. But now, times have changed and more and more number companies are reporting whenever the data of their customers is being compromised or could be vulnerable to get compromised. ...

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Ashish Sharma, MBA (IP)
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  • MBA (IP), International Center for Internationa Business
  • BBA, University of Rajasthan
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