ABC bank has 13 branches spread throught the country, each with its own minicomputer where its data are stored. Another bank, XYZ Bank, has 10 branches spread throughout the country, with data being stored on a mainframe in Makati. Which system do you think is more vulnerable to unauthorized access? Excessive losses from disaster?
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ABC bank has 13 branches spread throught the country, each with its own minicomputer where its data are stored. Another bank, XYZ Bank, has 10 branches spread throughout the country, with data being stored on a mainframe in Makati. Which system do you think is more vulnerable to unauthorized access? Excessive losses from disaster?
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- Emery Communications Company is considering the production and marketing of a communications system that will increase the efficiency of messaging for small businesses or branch offices of large companies. Each unit hooked into the system is assigned a mailbox number, which can be matched to a telephone extension number, providing access to messages 24 hours a day. Up to 20 units can be hooked into the system, allowing the delivery of the same message to as many as 20 people. Personal codes can be used to make messages confidential. Furthermore, messages can be reviewed, recorded, cancelled, replied to, or deleted all during the same message playback. Indicators wired to the telephone blink whenever new messages are present. To produce this product, a $1.75 million investment in new equipment is required. The equipment will last 10 years but will need major maintenance costing $150,000 at the end of its sixth year. The salvage value of the equipment at the end of 10 years is estimated…Do you think that Sony’s response to the attack was appropriate? Why or why not? What might Sony and the U.S. government done differently to discourage future such attacks on other U.S. organizations? Are there measures that organizations and the U.S. government can take together to prevent both real-world terrorist violence and cyberattacks? According to a recent report by Gartner, most business users will have access to some sort of self-service BI tool within the next few years; however, Gartner estimates that less than 10 percent of companies will have sufficient data governance practices in place to prevent data inconsistencies across the organization. Why do you think so many companies continue to invest in new analytics tools without implementing governance programs that ensure data consistency?The following is a list of 10 common security problems. For each problem, describe why it is a problem and choose a control plan from this chapter that would prevent or detect the problem from occurring. Criminals posing as small business owners obtained names, addresses, and social security numbers from an organization whose business is providing such information only to legitimate customers who have a right to the data. An executive of a financial services firm implements a wireless network so that she can work at home from anywhere in her house. After setting up the network, she logs on using the default password. An organization’s top salesman uses a consumer-grade instant messaging (IM) client (e.g., AOL Instant Messaging). Such clients bypass antivirus and spam software, don’t have auditing and logging capabilities, and allow users to choose their IM names. A financial analyst’s laptop was stolen from his car. The laptop contained the names and social security numbers of…
- What caused Union Carbides deadly gas leak in Bhopal, India, which killed 3,000 and injured 42,000? A. a combination of low staff levels, corruption, pay-oils to employees to keep quiet, and the manager going on vacation the day before the leak B. diversion of funds and resources to a Northern India project that also took staff from the Bhopal plant, plus many safety issues, including fines imposed on community members who camped too close to the plant C. employees deciding to have lunch before dealing with the pressure buildup inside the tank and bribes paid to the government employees who inspected the plant D. a combination of low staff levels, numerous safety issues, and a Lack of Immediate employee attention to the problem as pressure built up inside the tankRalph Taylor, a nationwide department store chain, currently processes all of its credit sales payments at its St. Louis headquarters. The firm is considering the establishment of a lockbox arrangement with a Los Angeles bank to process payments from its customers in 10 western states. With the lockbox system, average mailing time for customers from this region would be reduced from 4 days to 1 day. Check-clearing time would also be reduced from 4 days to 1 day. Annual collections from the western region are $285 million. Establishment of this lockbox system would reduce the compensating balance requirement at the firm's St. Louis bank by $350,000 and reduce annual payment processing costs at the St. Louis office by $75,000. Funds released by the lockbox arrangement can be invested elsewhere in the firm to earn 5% before taxes. The Los Angeles bank has agreed to process Ralph Taylor's customer payments for an annual fee of $185,000. What are the annual net pretax benefits to Ralph…Case Analysis: CBA Rural Bank is a rural bank serving the entire Zamboanga Peninsula and just like any business organization it has been significantly affected by the pandemic. It has 13 branches all over ZP and a total of 170 employees as of the latest manpower headcount. Below is its hypothetical manpower data and labor productivity-related costs: With the financial information given above, briefly answer the following How has the income been affected because of the pandemic? What could be the reason for its decreasing trend? What do you think was the strategy of the bank in terms of how it managed its human resources taking into consideration its manpower data and its salaries expenses? What could be the major decisions of the HRD Department in terms of its training in consideration of its decreasing amount of training expense? Build a hypothetical scenario if needed in your justification.
- Many credit card fraud offenders are now becoming more organized than before, resulting in higher losses from their offenses. Countries such as the USA and the UK have been seen improving their fraud prevention strategies by enhancing coordination in combating fraud. The establishment of the President’s Identity Theft Task Force in the USA and the National Fraud Authority in the UK are evidence of the importance of coordinated efforts in addressing fraud problems. Author’s research suggests that the key areas of resource allocation in credit card fraud prevention within a payment system are: understanding of the real problems, fraud prevention policy, fraud awareness, technology-based protection, identity management and legal deterrence. These areas are mainly supported by four pillars: user, institution, network and government and industry. This is dubbed by the author as the “four pillared-house of payments fraud prevention practice” Referring to the fraud statistics from the…Many credit card fraud offenders are now becoming more organized than before, resulting in higher losses from their offenses. Countries such as the USA and the UK have been seen improving their fraud prevention strategies by enhancing coordination in combating fraud. The establishment of the President’s Identity Theft Task Force in the USA and the National Fraud Authority in the UK are evidence of the importance of coordinated efforts in addressing fraud problems. Author’s research suggests that the key areas of resource allocation in credit card fraud prevention within a payment system are: understanding of the real problems, fraud prevention policy, fraud awareness, technology-based protection, identity management and legal deterrence. These areas are mainly supported by four pillars: user, institution, network and government and industry. This is dubbed by the author as the “four pillared-house of payments fraud prevention practice” Referring to the fraud statistics from the…In United States airspace, the average number of commercial aircraft in the sky on an average morning is 4000. There are another 16,000 planes on the ground. Aerospace company Rockwell-Collins developed what it calls a “digital parachute,” a panic-button technology that will land any plane in a pinch at the closest airport, no matter what the weather or geography, and without the help of a pilot. The technology could be applied where a pilot is no longer capable of flying the plane, or is panicked and confused about what to do in an emergency. Assume the cost of retrofitting 20,000 commercial airplanes is $55,000 each and the plane stays in service for 15 years. The technology could save an estimated average of 40 lives per year; the value of a human life is estimated at $4,000,000. Use an interest rate of 8% per year to determine the B/C ratio
- Galaxy Cloud Services operates several data centers across the United States containing servers that store and process the data on the Internet. Suppose that Galaxy Cloud Services currently has five outdated data centers: one each in Michigan, Ohio, and California and two in New York. Management is considering increasing the capacity of these data centers to keep up with increasing demand. Each data center contains servers that are dedicated to Secure data and to Super Secure data. The cost to update each data center and the resulting increase in server capacity for each type of server are as follows: The projected needs are for a total increase in capacity of 90 Secure servers and 90 Super Secure servers. Management wants to determine which data centers to update to meet projected needs and, at the same time, minimize the total cost of the added capacity. Formulate a binary integer programming model that could be used to determine the optimal solution to the capacity increase question facing management. Solve the model formulated in part (a) to provide a recommendation for management.The CFO of PKD Corporation is very uncomfortable with its current risk exposure related to the possibility of business disruptions. Specifically, PKD is heavily involved in E-business, and its internal information systems are tightly interlinked with its key customers’ systems. The CFO has estimated that every hour of system downtime will cost the company about $10,000 in sales. The CFO and CIO have further estimated that if the system were to fail, the average downtime would be one hour per incident. They have anticipated that PKD will likely experience 50 downtime incidents in a given year due to internal computer system problems and another 50 incidents per year due to external problems—specifically, system failures with the Internet service provider (ISP). Currently, PKD pays an annualized cost of $150,000 for redundant computer and communication systems, and $100,000 for ISP support just to keep the total expected number of incidents to 100 per year. Required: Given the…Anna Marie Corporation is developing a revised business continuity plan and disaster recovery plan for its headquarters facility and network of 16 branch offices. The said plans have not been updated in more than eight (8) years, during which time the organization has grown by over 300%. At the headquarters facility, there are approximately 750 employees. These individuals connect over a local area network (LAN) to an array of more than 60 applications, databases, and file print servers in the corporate data center and over a frame relay network to the branch offices. Traveling users access corporate systems remotely by connecting over the internet using a virtual private network (VPN). Users at both the headquarters and branch offices access the internet through a firewall and proxy server located in the data center. Critical applications have a recovery time objective (RTO) of between three (3) and five (5) days.Branch offices are located between 30 and 50 miles from one another,…