Background of Public Bank and Security Threats Problem

　　Malayan Banking Berhad (Maybank) is the main regional market which is the largest and top bank in Malaysia. According to the Banks around the world 2015, Maybank had total assets of more than RM640 billion and customer deposit of RM439.6 billion on December 31,2014.

The strength of Maybank is becoming the biggest bank in Malaysia that taking the regional market lead (Santhi, Barathy, & Teoh, 2013). In 1981, Maybank was the first Malaysian bank to set ups ATMs in Malaysia (Maybank’s Annual Report, 2014). The ATM Machines are placed broadly accessible all over Malaysia thus it become the biggest Banking Service supplier in Malaysia. In addition, the express international cash transfer service is also firstly delivered by Maybank and made convenient via Pakistan, Cambodia, Philippines, Brunei, Indonesia, Singapore and Malaysia. Hence the money transaction is more convenience in worldwide for their customer. Aside from that, Maybank execute comprehensive services and diversified its product line from deposit,

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

Each internal bank department relies on the other in order to provide great customer service. Some departmental dependencies can hinder the progress of the bank. The security issues and threats involved can include employees stealing money, vital information from other departments, employees allowing outsiders to infiltrate the departments and cause issues.

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.

The security team would like to report the following threats to the organisations physical and electronic information holdings

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

A threat is anything that represents a risk to information property. There are many several threats that represent a persistent danger to people and organizations information assets. In this report, I will cover four remarkable threats and their countermeasures. These threats are Security threats, Netiquette threats, Privacy threats, and Ethics threats.

Hackers identify several vulnerabilities in our global banking system, which enabled this hack to occur. First, hackers were able to gain access to the database of payment processors for Visa and Mastercard because they were less secure than the companies themselves. They targeted prepaid debit cards issued by two Middle Eastern banks whose database was also less secure than their American and European counterparts. The hackers next used dummy magnetic strip cards with fake information loaded on the strips to withdraw over $45 million dollars in over 36,000 transactions.

The economy of Malaysia in the 1970s had started growing due to the exports of raw materials. Since the nineteenth century, Malaysia had been a major supplier of primary products like; tin, rubber, palm oil, timber, oil, liquified natural gas to many of the industrialized countries. During this period there were over fifty banking institutions in Malaysia. The central bank of Malaysia which is the bank Negara Malaysia is the biggest in Malaysia

“ Our mission is to be a Premier Bank in the Asia- Pacific region, committed to providing Quality Products and Excellent Customer Service.”

As mentioned earlier, mainly primary and secondary data has been used. Sometimes the customers gave some important information regarding the services of the Bank:

Big global network (14 Local Head Offices, 57 Zonal Offices and 20,000 branches in India and190 foreign offices in 36 countries across the World)

Safety of information is the most valuable asset in any organization particular those who provide financial service to others. Threats can come from a variety of sources such as human threats, natural disasters and technical threats. By identifying the potential threats to the network, security measure can be taken to combat these threats, eliminate them or reduce the likelihood and impact if they should occur.

Maybank’s position as the undisputed leader in financial services in Malaysia, which has a widespread global presence (19 countries worldwide), allowing it to spread risk and enjoy economies of scale.