A Report On Financial Institutions

Data security; affinion security center augments data breach solution. (2012). Information Technology Newsweekly, , 91. Retrieved from http://search.proquest.com/docview/926634711?accountid=458

The Apache Web server has a well established group dedicated to the discussion, identification, and correction of any security risk one might find in their software systems. By working with the dedicated teams at the Apache project center one learns “how to configure the product securely; and find out if a published vulnerability applies to the version of the Apache product you are using; if a published vulnerability applies to the configuration of the Apache product you are using; obtaining further information on a published vulnerability; the availability of patches and/or new releases to address a published vulnerability” (Apache). Cisco also offers more than enough information to configure the ASA 5510 Adaptive Security Appliance for the most secure VNP connections connected to the local network and the data stored within its boundaries. The greatest number of complaints made about computers and computer programs are that they run slowly and they produce inaccurate information. Research in technology is ongoing and improvements in these areas are apparent.

Technologies and processes not within the scope are; the coordination for Type III and above encryption and keying material and coordination for National Security Agency (NSA) communications security (COMSEC) requirements. New networking or information systems technology will not be introduced into the scope of this project unless it provides necessary network security features for the prescribed protection.

Undoubtedly, this paper will generate network information, diagrams, and/or tables; accordingly, these are all included in the Appendix section of the paper. Moreover, the training, vulnerability assessment, and SAQ results are also included as an Appendix in the final paper. Finally, fearing disclosure of proprietary information that could compromise network security, all project data are scrubbed and sanitized to remove sensitive information.

The risk of financial sector in the United States of America has become increasingly more apparent and more diverse to the United States over the last few decades partially because of the advanced computer and cyber based accounting networks that the Nation has shifted to. The security of our financial systems is absolutely critical including being one of the primary concerns and directly

Restricting access to sensitive information plays a vital role in the success of any organization. Information is deemed sensitive when it needs protection from unauthorized access. Protecting this information is essential in safeguarding security and privacy of an organization. Thus, an organization such as Bank of America has taken measures geared towards protecting its sensitive information from unauthorized access. Just like other organizations, Bank of America has two types of sensitive information. The first type of sensitive information is personal information. This is data that may affect an individual if

Mason Financial LLC is a large company that is built on handling of personal data. As the company performs its operations on a network and over the Internet, it is exposed to a plethora of information security risks. Insurance and financial records are a prime target of hackers the world over. As the company stocks volumes and volumes of such personal information, it paves way for hackers and other fraudsters to commit insurance scams. Digital information makes it easier to monetize operations and it is always hard to track. There is the need for all stakeholders handling such sensitive personal information assets to be aware of security implications, monitor their personal credit cards and banking information besides consumers remaining

This paper explores the cyberattack that compromised JPMorgan Chase & Co. around the summer of 2014 both in how the reported intrusion occurred and the aftermath of the event. The paper will report on the method the hackers used to gain access to the PII (Personal Identifying Information) of millions of JPMorgan Chase customers and clients both current and former,

1. Describe the different kinds of financial institutions that make up the US financial system.

While all of these technologies have enabled exciting changes and opportunities for businesses, they have also created a unique set of challenges for business managers. Chief among all concerns about technology is the issue of information security. It seems to be almost a weekly occurrence to see a news article about yet another breach of security and loss of sensitive data. Many people will remember high profile data breaches from companies such as T.J Maxx, Boston Market, Sports Authority, and OfficeMax. In the case of T.J. Maxx, a data breach resulted in the loss of more than 45 million credit and debit card numbers. In many of these incidents, the root cause is a lack of adequate security practices within the company. The same technologies that enable managers can also be used against them. Because of this, businesses must take appropriate steps to ensure their data remains secure and their communications remain

In recent years breaches in data security have become common place. When breaches occur, a consumer’s personal and financial information are put at risk. Cyber criminals most frequently target retailers that make a practice of storing a customer’s credit card information beyond the necessary time frame and in many cases do have in the place appropriate security protocols.

In this paper, I will identify security threats that Bank of America faces today. In addition, I will describe the techniques and processes used to identify the vulnerabilities and threats, describe risks to the information and related vulnerabilities within Bank of America when utilizing components of the web. Discussions on BoA safeguard against legal issues will be addressed followed by the types of social data that potentially cause problems for this bank institute. In conclusion, I will explain the legal, ethical, and regulatory requirements Bank of America utilize for the protection of the organization.

SunTrust Bank is one of the nation 's largest financial institutions established in 1891and has it 's headquarter stationed in Atlanta Georgia. The bank offers a wide range of financial services from personal checking, mortgages, credit cards, investments and loans to consumers, businesses, commercial and corporate firms and has several branches and ATM across parts of the country but mainly in the Southern States like Georgia, Maryland, Washington D.C and Virginia. During the fiscal year in 2012, SunTrust netted revenue of $10,475 million increase of 23.4% over the fiscal year in 2011 (SunTrust Bank Inc, 2013). In 2012, SunTrust bank became the seventh financial institution in the U.S history to be affected by a "distributed denial of service attack (DDos) orchestrated by the hacktivist group Izz ad-Din al-Qassam" (Kitten, 2012).

The bank’s information security posture needs improvement base based on the number of deficiencies detailed thought this ROE. However, to management credit and to further strengthen the security process, on November 21, 2017, management decided to outsource the Chief Information Security Officer (CISO) position with a qualified IT security firm. Management contracted GRC Solutions to act as the bank’s CISO. Mr. Frank Getter, Senior Consultant at GRC Solutions will perform the functions as the new CISO. Mr. Getter is a Certified Information System Security Professional (CISSP) with over twenty years of experience in the information technology management, operations and information security field. Mr. Getter appears to have the necessary

Firstly, the internet banking userid and the password provided to a customer is purely static. If this confidential information is the in the hands of an intruder, online banking systems doesn’t even check for the