CH 7 BMGT 8434 Topic Definition Statement

Explain the importance of data privacy in CRM systems. What are some best practices for ensuring compliance with data protection regulations, such as GDPR?

Credit card fraud will increase due to the Covid pandemic, experts warn PUBLISHED WED, JAN 27 2021 Payment card fraud losses reached $28.65 billion worldwide in 2019, according to the most recent Nilson Report data. The United States alone is responsible for more than a third of the total global loss, making it the most card fraud-prone country in the world. Julie Conroy, a research director for Aite Group’s fraud and anti-money laundering practice, said, “Our estimate was that at the end of 2020, the U.S. was seeing about $11 billion worth of losses due to credit card fraud.” The coronavirus pandemic is also fuelling explosive growth in card fraud activity. “What happens in every economic downturn is that the attacks start to become more successful,” warned Julie Fergerson, CEO of Merchant Risk Council. “So over the next two to three years, I fully expect credit card fraud numbers to increase in a pretty meaningful way.” Credit card fraud impacts consumers, merchants and issuers…

Research what CERT is in relation to cybersecurity. What is the purpose of a CERT? Is there more than one CERT? Provide a summary of the most frequent, high-impact types of security incidents currently being reported by US-CERT

Disruptors are focused on a particular innovative technology or process in everything from mobile payments to insurance. they have been attacking some of the most profitable elements of the financial services value chain. This has been particularly damaging to the incumbents who have historically subsidized important but less profitable service offerings.    Identify an existing and real life example on how a specific financial disruptor have affected a certain industry/company.    How did the certain industry/company have mitigated the damaging effect of the Financial Disruptor?

Generally, how will the Travel Management Agency will be greatly affected with the evolution of OTAs (Online Travel Agencies)?

The National Incident Management System (NIMS) is a federal system that has a core set of doctrines, principles, and organizational processes. NIMS is routinely updated and is primarily focused on developing a consistent, nationwide template to enable which of the following?   Federal government organizations to work with nongovernmental organizations and the private sector to respond and recover from the effects of incidents regardless of their size   Federal, state, tribal, and local governments, nongovernmental, and the private sector to work together to respond and recover from the effects of incidents that are considered significant and that impact large areas or populations   Federal, state, tribal, and local governments, nongovernmental, and the private sector to work together to respond and recover from the effects of incidents regardless of their size   Only the federal, state, tribal, and local governments to work together to respond…

For online business, you desire to launch an e-commerce Web Site, through which your product(s) is/are booked online via credit card payments.  What security threats can your website face and how it will affect your business?  How can these threats be minimized?

"What are the potential ethical concerns that arise in the use of CRM technology, such as data privacy, security, and bias, and how can they be addressed in the development and implementation of such systems?"

The PCI goal that included the data security standards of restricting access to cardholder data by business need-to-know, assigning a unique ID to each person with computer access, and restricting physical access to cardholder data is Maintain a Vulnerability Management Program Build and Maintain a Secure Network Protect Cardholder Data Implement Strong Access Control Measures

You are required to assess key functions including risk management and compliance for J.P Morgan Chase, and present a written report based on J.P Morgan Chase on the following in 2,000 words:  Risk management framework – Conduct an analysis of the risk management process/ framework implemented at the J.P Morgan Chase (including risk assessment and risk control mechanisms). You are required to report on key risks that the institution is exposed to and explain aspects of the framework, emphasizing the effectiveness of the risk management strategies used. Anti-Money Laundering and Terrorist Financing Strategies – Discuss with examples, J.P Morgan Chase approaches/ strategies to combat money laundering and terrorist financing issues.  Statutory legislation and compliance - Explain the importance of financial institutions meeting regulatory requirements. Comment on specific legislation that J.P Morgan Chase must be compliant with.

Using the Insurance company to launch a new medical product for the health insurance exchange health care sector, How can I analyze the impact government agencies have on services companies that are offered or products that are available to the health care consumer from the product in the health care sector they belong to. for example, a manufacturer of durable medical equipment will be subject to different regulations and government oversight than a medical waste management company. Insurance company launching a new medical product for the health insurance exchange

The potential risks, societal repercussions, and security measures for the Internet of Things are all presented.

In July of 2021, a deadly spree of violence and looting engulfed the South African provinces of KwaZulu-Natal and Gauteng during which at least 330 people were killed and thousands of businesses were destroyed. In total the looting cost 2.5 billion rands in stolen goods and damaged assets, with a loss of around 650 million rand after insurance proceeds.Considering this occurrence: - 4.1 analyse how risk control and fire and allied perils assist in the mitigation of the above destruction of property?

Suppose your company has an e-commerce Website for selling different types of goods and services. Discuss the followings: i) Ethical concerns associated with storing and analyzing user data?  ii) How would you use intrusion detection system to control security threats that face this website?

List and decsribe internal (online) information security risks and mitigation  tactics and how they will affect decision making strategies.

Spreadsheets are attributed with establishing the personal computer's legitimacy as a legitimate business instrument. What do you believe has contributed to their influence?

You are required to assess key functions including risk management and compliance for the Bank of America, and present a written report based on the Bank of America on the following in 2,000 words:  Risk management framework – Conduct an analysis of the risk management process/ framework implemented at the institution (including risk assessment and risk control mechanisms). You are required to report on key risks that the institution is exposed to and explain aspects of the framework, emphasizing the effectiveness of the risk management strategies used. Anti-Money Laundering and Terrorist Financing Strategies – Discuss with examples, the institution’s approaches/ strategies to combat money laundering and terrorist financing issues.  Statutory legislation and compliance - Explain the importance of financial institutions meeting regulatory requirements. Comment on specific legislation that the financial institution must be compliant with.

Name one threat to cloud security. Elaborate on its impact and suggest a couple of countermeasures.

6.10. In August 2011, the Hong Kong Stock Exchange (HKEx) suspended trading for seven stocks after its news announcement website HKExnews was hit by a distributed denial-of-service (DoS) attack. This site is the only online platform used by HKEx to make announcement of the listed companies, and for their regulatory filings. There were 1,463 listed companies, and 5,712 other types of securities, including warrants and bonds. The affected stock included HSBC, Cathay Pacific, and the Hong Kong exchange itself. These stocks have a combined market value of HK$1.5 trillion. The companies tried to make price-sensitive announcements during the lunchtime trading break but due to the attack, the announcements failed to reach the investors. The trading system was not affected but investors rely on timely financial information posted on the HKExnews website to make investment decision. After investigations, the law en- forcement department arrested a businessman for the attack. He was sentenced to…

What is the Internet‑Standard Management Framework? What questions is it intended to address?

Mohammed opened a store in Muscat City Center. He installed CCTV (security cameras) to monitor staff and customers. List and explain three possible ethical issues with this technology

Analyze the challenges and strategies involved in implementing a CRM system in a large, multinational corporation, considering data privacy regulations and integration with existing systems.

IT and network risk policies may help reduce employee noncompliance with company rules.

On With Living (OWL) is a nonprofit organization dedicated to improving the physical and mental health of individuals age sixty-five and older. It is a local chapter of a national organization, the OWL Association, which had been in existence for nearly thirty years. Both the local chapter and the national organizational offer programs and services to help seniors stay healthy and fund research to find ways to prevent, treat, and cure diseases that affect people over sixty-five, such as Alzheimer’s disease, diabetes, and heart disease. Each local chapter is obligated to adhere to the positions of the national organization, and any modification or rejection of the national position is prohibited according to the statement of relationship signed by both parties. Any violation of this relationship agreement would result in disaffiliation from the national organization, which local chapters attempt to avoid at all costs. One position statement of the national organization took a firm…