Verizon Communications was created on June 30, 2000 by Bell Atlantic Corp. and GTE Corp., in one of the largest mergers in U.S. business history. Verizon is one of the biggest communication companies in the globe. Verizon powerful technology connects millions of people, companies, and communities every day. Furthermore, Verizon has about 160.9 K employees globally, with annual revenue of $126B in 2016, and paid about $9.3B dividends in 2016. Moreover, Verizon was ranked 13 by Fortune in 2016. Currently, Verizon’s headquarters is located at 1095 Avenue of the Americas in New York City, and it has a major operations hub, the Verizon Center, in Basking Ridge, N.J. Further, Verizon has a regional presence in wireline and national presence in wireless …show more content…
with $109,588,860 worth of shares, Capital World Investors with $79,768,934 worth of shares, Bank of America Corporation with $65,459,375 worth of shares, Wellington Management Company, LLP with $62,415,646 worth of shares, BlackRock Fund Advisors with $61,445,755 worth of shares, Bank of New York Mellon Corporation with $51,353,574, and Northern Trust Corporation with $50,072,612 worth of shares. With the increase of multiple delivery channels of products and services, inherent risk becomes higher. However, this will depend the nature of the specific product or service offered. And, in this case, Verizon has different channels that they are using to deliver services and products to customers. For instance, paying the bill online and a mobile app that is used by customers to access different services. The service offered by Verizon of paying the bill using debit/ credit card can pose a higher risk of attack.