Questions On Online Banking System Essay

Determine the fundamental challenges that organizations face in general in regard to protecting organizational assets and information.

Philosopher and educator Paulo Freire once said, “Education either functions as an instrument which is used to facilitate integration of the younger generation into the logic of the present system and bring about conformity or it becomes the practice of freedom, the means by which men and women deal critically and creatively with reality and discover how to participate in the transformation of their world.” In Freire’s work of “the Banking Concept of Concept”, he describes how the education system is failing to help student find success in the real world as well as it provides a framework for the “teachers” to oppress the “students” through the distribution of power.

launder money and make illegally profits seem legit and how it is. In this paper we will explain

Identify three types of sensitive information involved with each situation. Then, describe three ways in which each information item could be misused or harmed. For each of these, note at least one likely finding that you would include in a risk analysis report of the organization. Finally, answer the questions at the end.

Determine the fundamental challenges that organizations face in general in regard to protecting organizational assets and information.

Risk assessment and threat assessment should go hand-in-hand.The outcome of the risk assessment and threat assessment should provide recommendations that maximize the protection of confidentiality, integrity and availability while still providing functionality and usability. The purpose of a risk assessment is to ensure sensitive data and valuable assets are protected. An organization should take a hard look at who has access to sensitive data and if those accesses are required. The security audit should monitor the companies systems and users to detect illicit activity.The security audit should

Each company may have different kind of sensitive information, for example for a bank both credit card numbers and marketing strategy may be considered as a compromising data; therefore there must be a clear policy governing who has access to different type of sensitive information, a bank officer serving a customer may have access to credit card numbers while marketing specialist reviewing promotion strategy of the bank may be able to access marketing data.

Before the advent of the Federal Deposit Insurance Corporation (FDIC) in 1933 and the general conception of government safety nets, the United States banking industry was quite different than it is today. Depositors assumed substantial default risk and even the slightest changes in consumer confidence could result in complete turmoil within the banking world. In addition, bank managers had almost complete discretion over operations. However, today the financial system is among the most heavily government- regulated sectors of the U.S. economy. This drastic change in public policy resulted directly from the industry’s numerous pre-regulatory failures and major disruptions that produced severe economic and social

Every organization must have adequate control mechanisms in place to help protect sensitive information from the distribution or transmission outside the organization, inappropriate disclosure, and control of how the information accessed is used. Companies should have policies in place that outline the course of action to take should inappropriate usage or disclosure of data be

Throughout my essay I will explain how I experienced the banking-concept and the problem-posing education system. In one hand, I definitely agree with Freire about his thoughts of banking concept but in the other hand I do not. Let me tell you my experiences from Hungary and the United States, so that might give you a better understanding.

The relationship between the teacher and the student can be associated with two different methods of learning. Paulo Freire suggests the “The ‘Banking’ Concept of Education”, in which the teacher “fills the account” of the student with information and knowledge they have (318). Freire also explains the concept of “problem posing” learning that contradicts the “banking” concept. This way helps the student become more involved with their education, and they are able to become a more well-rounded student. But Freire ignores to add any supporting detail to his points based on how a student feels about each method of education. Determining the best way of an education is all

The math teacher was babbling on about how this specific formula worked and halfway through her example I noticed that she had made a mistake. I hesitated a hundred times before raising my hand. It felt almost wrong because usually no one spoke up unless they had to go to the bathroom or get a drink which we all know that was just an excuse so we didn’t have to hear the teacher talk about something we weren’t interested in at that moment. According to Freire, we were taught within the banking system of education to accept our ignorance as justifying the teacher’s existence (319). In other words, students were “trained” in a way to keep

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.

Confidentiality must be met in the storage, processing, and transmission of data in an organization. For example, we are going to look at a major recent data breach. On March 8, 2017, the US department of homeland security sent Equifax and notice to patch a vulnerability in versions of the Apache Struts software. On March 9, Equifax dispersed the information to applicable personnel. Although told to apply the patch, Equifax security team did not find

1. Discuss three management events that occurred that should have been a “red flag” to the auditing firm.