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Determine possible applications for self-service kiosks, ATMs, and point-of-sale terminals. List ATM safety regulations
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- Case Study A Scenario A major retailer asked the IS auditor to review their readiness for complying with credit card company requirements for protecting cardholder information. The IS auditor subsequently learned the following information. The retailer uses wireless point-of-sale registers that connect to application servers located at each store. These registers use wired equivalent protection (WEP) encryption. The application server, usually located in the middle of the store’s customer service area, forwards all sales data over a frame relay network to database servers located at the retailer’s corporate headquarters, and using strong encryption over an Internet virtual private network (VPN) to the credit card processor for approval of the sale. Corporate databases are located on a protected screened subset of the corporate local area network. Additionally, weekly aggregate sales data by product line is copied from the corporate databases to magnetic media and mailed to a…Listed here are two scenarios. For each scenario, discuss the possible damages that can occur.Suggest a preventive control.A. An intruder taps into a telecommunications device and retrieves the identifying codes andpersonal identification numbers for ATM cardholders. (The user subsequently codes thisinformation onto a magnetic coding device and places this strip on a blank bank card.)B. Because of occasional noise on a transmission line, electronic messages received are extremelygarbled.Problem # 4 (30Provide an example of each of the following; Conspicuous consumption Information you will need to fill out an application to rent an apartment A government agency you can contact to file a fraud complaint A way to prevent fraud on your credit card A way to protect yourself from identity theft
- What is the relationship between data, information and an information system? How is a credit check in the advanced technology system fundamentally different from a credit check in the basic technology system? You are a consultant who has been hired to design a point of sales (POS) system for a restaurant that accepts cash and credit cards. The restaurant also issues coupons through local newspapers, which it accepts as cash from customers.The system will employ computer terminals with cash drawers that are connected to a central computer. Servers take orders and receive payments from customers. At the end of the shift, servers reconcile their cash drawers with the manager. The system automatically updates the journals and General Ledger accounts. Describe the risks inherent in the system and the physical and computer controls needed to mitigate the risks.Listed here are five scenarios. For each scenario, discuss the possible damages that can occur. Suggest a preventive control.a. An intruder taps into a telecommunications device and retrieves the identifying codes and personal identification numbers for ATM cardholders. (The user subsequently codes this information ontoa magnetic coding device and places this strip on a piece of cardboard.)b. Because of occasional noise on a transmission line, electronic messages received are extremely garbled.c. Because of occasional noise on a transmission line, data being transferred is lost or garbled.d. An intruder is temporarily delaying important strategic messages over the telecommunications lines.e. An intruder is altering electronic messages before the user receives them.Hi! What is the data flow diagram of this process? Vendors send invoices to the AP department where they are reviewed and approved for payment. Once approved, the invoice and a cash disbursement voucher are sent to the cash disbursement department, where a check is prepared and sent to the vendor. A copy of the check, the invoice, and the voucher are returned to the AP department and filed.
- Explain, on what criteria or by what internal controls in place, where Billing could be responsible for issuing invoices, sales journal, AR update (for both billing and payment received).Which of the following assets require the strongest of internal controls? Group of answer choices inventory credit cards computer equipment cashAs a helpful amenity for customers making electronic payments, certain credit card issuers provide credit card numbers that can only be used once. Users are required to visit the website of their credit card provider in order to get a number with a single usage. In comparison to the more conventional methods of doing online credit card transactions, what are the benefits of using this technology? In terms of the benefits and drawbacks, how does it contrast with verification via an electronic payment gateway?
- Which of the following is an alternative method of recording and keeping receipt of goods? Electronic recording and scanning of all staff record Electronically scanning and recording all bar codes on the goods received Electronic recording and scanning of all supplies and vendors Electronic recording and scanning of all lenders. RISK ANALYSIS AND INTERNALCONTROLThe following describes the purchases and cash disbursements procedures for a lawn and garden supplywholesaler that uses a central computer system withdistributed terminals in departments.The inventory control clerk visually reviewsinventory levels from his computer terminal to identify items that need to be ordered. He then prints andsends a hard-copy purchase requisition for the neededitems to the purchasing agent. Based on the requisition, the purchasing agent selects a vendor and adds adigital record to the purchase order file from his terminal in the purchasing department. The clerk thenprints a hard copy of the purchase order and mails itto the vendor. Finally, the purchasing agent destroysthe purchase requisition, which is no longer neededsince the relevant details are on the PO.When the materials arrive at the receiving department a receiving clerk prints a copy of the purchaseorder from his terminal and reconciles it to the packing slip. The…Explain internal control. Suggest suitable system of internal control of large scale superstore store.