Tft2 Task 4

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TFT2 Cyber Law Task 4
Jordan Dombrowski
Western Governors University

Situation Report
It has come to my attention from the security analysts of VL Bank and victims that commercial customers of VL Bank have been involved in identity theft and fraud. Multiple user accounts were created without authorization claiming the identity of our customers. These fake accounts were used to make twenty-nine transfers of $10,000 each, equaling $290,000. The bank transfers were being sent to several U.S. bank accounts of unknown individuals. The U.S. banks involved in the transfers were Bank A in California, Bank B in New York, Bank C in Texas, and Bank D in Florida. After the funds were transferred to one of these banks, the funds were
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1030, which “outlaws conduct that victimizes computer systems. It is a cyber security law. It protects federal computers, bank computers, and computers connected to the internet. It shields them from trespassing, threats, damage, espionage, and from being corruptly used as instruments of fraud.” (Doyle, 2014) The Computer Fraud and Abuse Act states the laws that will help protect VL Bank and its customers by congress, in addition to prosecuting the individuals causing the crime. Within the CFAA, paragraph 1030(a)(4) outlines the computer fraud protection that VL Bank can use with federal authorities to protect their assets and prosecute. It states that a “protected computers” can be one used by a financial institution. It further defines the fraud as anything obtained of value more than $5,000 over a course of a year. Within the parameter of this legal jurisdiction, VL Bank can provide federal authorities like the Federal Bureau of Investigation (FBI) the digital proof of the money being fraudulently transferred from transaction logs, allowing for the authorities to begin their investigations. VL Bank must show that the alleged violation “caused…loss…aggregating at least $5,000 in value.” 18 U.S.C. Section 1030(c)(4)(A)(i) (Akerman, 2010) Additionally in the same

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