The Security Systems Of Bank Solutions

The business continuity plans guards Confidentiality, Integrity and Availability at all times. Ensure confidentiality by enforcing access to the backups to only the disaster response team and the system administrators in charge. Ensure integrity by verifying and validating the backup snapshots after the backup is completed. Ensure availability by providing dual power to the backup servers so that the business would not be disrupted at any time due to data center disasters.

The trusted computing base (TCB) internal network in the Global Finance, Inc. Network Diagram hosts the company’s mission critical systems without which the company’s operations and financial situation would suffer. The Oracle database and email systems are among the most intensively used application servers in the company. As we know, GFI cannot afford system outages because its cash flow and financial systems heavily depend on the network stability. GFI has experienced DOS network attacks twice this year and its Oracle database and email servers had been down for a week. The recovery process required GFI to use $25,000 to restore its operations back to normal. GFI estimated the loss from these network attacks at more than $100,000 including lost customer confidence.

Without a business continuity plan the organization will fail to successfully recover from cyber threats and attacks such as Stuxnet.

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

Therefore, a Risk Assessment and Management project team must be formed to conduct a thorough analysis of the system and provide recommendations and policies to deal with disaster. At McBride, the design of the system network will affect security, auditing and disaster recovery, therefore a comprehensive analysis of the network design, security and disaster recovery will go a long way to mitigate against possible risks.

Every year companies experience a fire, earthquake or hurricane that obliterates company servers, and hence, destroys all company data as well. Hackers and viruses can also result in major data loses. Let the biggest data recovery disasters of 2015 serve as a warning that if you don't have a backup plan for your data, your company could land in hot water. As a business owner, you work hard to put food on the table, so why leave a security hole open? Around 70 percent of businesses that experience a data loss will go out of business within the first year.

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.

Information Security and the breaches are the major concerns for any organization. Maintaining the data safely against the unauthorized access, data loss and modification of data is very important. Because any organization runs on the credibility of the customers.

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

It's crucial for enterprise to protect data. However, at some point, something in your information technology infrastructure is going to fail - it's inevitable. Downtime - the scourge of the information technology (IT) professional. Your users don't care why they can't access their data, they just want it fixed...and now! To avoid having an end-user riot on your hands, Your main goal is to restore normal business operation as soon as possible.

When taking a look deep into an organization’s different departmental operation, it becomes clear how to plan to protect the most data and also which areas is more operation critical. While preventing interruption is the most important aspect of this plan, no one can predict the weather or any other attack. As part of the steps to implement the business continuity plan, Sunshine Machine Works will need to document a risk management plan, business impact analysis, incident response plan, plan activation, incident response team, communications, contact list and recovery plan section. Once all has been documented, the organization will need to test, evaluate and update schedule.

As a global leader in the design, development, implementation and support of enterprise software, Cincom Systems has over two thousand customers globally. The majority of these are foreign governments who use Cincom software to better manage their departments of defense, complex manufacturing operations critical to their national growth, and elements of their national security. Cincom has been able to attain significant sales throughout the U.S., United Kingdom (UK), France and Australia by offering government and private industry customers in these nations an exceptionally high level of confidentiality, integrity and availability (CIA) of data and information security. Using the Confidentiality, Integrity, and Availability (CIA) Triad Model to manage the compliance, security and reporting requirements of their international software development, Cincom also has been able to attain a high level of trust with new foreign government customers as well. My experiences were gained from working at Cincom for two years as an IT technician part time. During that time I was able to see how information and data security strategies, threats, and ongoing system monitoring are all managed within the Cincom Corporate Data Center located in Cincinnati, Ohio. While working there I was also able to see how Cincom actively monitors computer usage today and learn how the restrictions on access to company data are managed. Insights from

As a financial institution, network outages or rather network instability or unavailability can cost the firm a lot of money since its cash flow and financial systems rely on network stability and availability. The company has a history of DoS network attacks, whose recovery has been a costly process for the company. Money is not the only thing lost during a network attack, customer confidence deteriorates. Clients tend to field unsatisfied or rather less confident if their financial institution has not implemented the best steps to address vulnerabilities within its information system so as to curb network breaches.

To avoid such a tragic failure of the disaster recovery plan, everyone involved in the business of securing critical data should realize the urgent need to test run the plans and ensure that they work like we want it to be in the time of crisis. If this is not done, then we run the obvious risk of a possibly failed disaster recovery plan which would mean that all the money and man hours spent on formulating such a plan is a dead loss. Mind you, such a dead loss is over and above the possible loss of critical data which could well mean the end of company.

It was noted that with the aid of an external consultant, Bank Solutions had their current data center DRBC Plan written down in the year 2007 and was last tested in the same year. The testing was a shallow table-top walk-through with no intensive assessments to ensure dependability and compliance to industry standard security frameworks. The plan has taken long before being updated hence some elements of the plan may not be adequately addressed as purposed. With an acute increment and unprecedented growth in information technology and security systems over the years, the old DRBCP would prove ineffective at the face of an information security breach or a disaster. This is attributed to the use of outdated elements such as outdated hardware and software.