The twenty-four recommendations that were listed in Guarding the Gate to Thwart Cyber Attacks, by Kevin Hamel, reflects similar points stated by Servidio and Taylor in Safe and Sound: Cybersecurity for Community Banks. Some of these recommendations includes using a hardened PC for online banking, reviewing banking transactions daily, and applying limits to eliminate financial losses. A company must first create a program to ensure the customer can rely and trust the safety measures established. Cybersecurity incorporates several individuals whom work together to protect the privacy of others. Customers also play an important role in developing their own safety. Its recommended that they continue to check their account history and background
Therefore, a reassessment of the controls we have in place would be necessary. Ed’s previously mentioned tasks, when completed, will lay the foundations for our revamped security system. To supplement this, we will need to rework our security policies and create an incident response plan. This will include creation of a RACI matrix so that everyone is aware what role they play in the successful implementation of this plan. As we are storing credit card data, we should also consider being PCI DSS compliant. This would require us to conduct an audit of our current systems and run it by a checklist to make sure we are up to the required standards of PCI. Furthermore, we will need to appoint a dedicated Chief Information Security Officer whose task will be to develop the company’s long term information security program which will align with the company’s
Computer crime has been an issue since the beginning of computers. Wherever there is something good, there is always someone who takes advantage of it. This can be seen in cyber crime, which has been on the rise in recent years. According to the Los Angeles Times, the median cost of computer crime to a company per year has risen from $3.8 million dollars in 2010 to $5.9 million. (Rodriguez, 2011) This suggests that computer crime is becoming an even bigger hazard to companies. A recent example of this was the data breach committed against Target in 2013.
The Hacker Crackdown: Law and Disorder on the Electronic Frontier by Bruce Sterling is a book that focuses on the events that occurred on and led up to the AT&T long-distance telephone switching system crashing on January 15, 1990. Not only was this event rare and unheard of it took place in a time when few people knew what was exactly going on and how to fix the problem. There were a lot of controversies about the events that led up to this event and the events that followed because not only did it happen on Martin Luther King Day, but few knew what the situation truly entailed. There was fear, skepticism, disbelief and worry surrounding the people that were involved and all of the issues that it incorporated. After these events took place the police began to crackdown on the law enforcement on hackers and other computer based law breakers. The story of the Hacker Crackdown is technological, sub cultural, criminal, and legal. There were many raids that took place and it became a symbolic debate between fighting serious computer crime and protecting the civil liberties of those involved.
What concerns the government of the United States most is the security of the critical infrastructure from the cyber threats. The nation is depending heavily on the technology in most of its critical sectors to keep it up and running. Thus, this makes its more vulnerable to cyber-attacks from outsiders and insiders. Therefore, its protection must be a priority.
It is difficult to define cyberculture because its boundaries are uncertain and applications to certain circumstances can often be disputed. The common threads of defining cyberculture is a culture which has evolved and continues to evolve from the use of computer networks and the internet and is guided by social and cultural movements reflective of advancements in scientific and technological information. It is not a unified culture but rather a culture that exists in cyberspace and is a compilation of numerous new technologies and capabilities, used by diverse people in diverse real – world locations. Cyberculture, a twentieth century phenomena, has brought challenges unlike any other that the United States has seen in the areas of cyber security and its impact on our most critical institutions. This presentation will focus on the aforementioned three entities where national security is in jeopardy in part due to cyberculture and its intentional use for disruptive and destructive purposes. Breaches of security to the United States Department of Defense, the national power grid and the Chamber of Commerce are very real and omnipresent.
Beginning in 1882 with the Chinese Exclusion Act, the United States stopped being a nation of immigrants and instead became a new type of nation, a gate-keeping nation. For the first time in its history, the United States did not welcome immigrants with open arms. As a result, the United States began to exert federal control over immigrants, which would change the ways Americans viewed and thought about race, immigration, and the nations’ identity as a whole.
To perform our research study, we attempted to get answers to these questions: How do North Carolina bank policies reduce the spread of identity theft? To what extenet are the policies of one bank better than the policies in the others in reducing identity theft occurrence? What role can N.C. bank consumers play in reducing the risk of becoming identity theft victims? We hoped that the responses would prove our hypoithesis: the banks that have tight security policies in place have less consumer complaints than those that do not.
Jalal Hafidi MIS5206.001– HDFC case analysis 1 1. What, if anything, should HDFC do to make existing customers more secure? First of all, all systems can be compromised no matter what, which means it hasn’t been done yet in the IT field. HDFC is still fairly new in the market, with the technology trend, online banking will be the most challenging and vulnerable part of the game. HDFC seems to have pretty strong security system and procedures, however, its models still haven’t matured yet, leading to maybe inconvenience to the customers and/or an opportunity for hackers to test and dust off their hacking skills.
When it comes to protecting an infrastructure, careful planning and coordination needs to take place. Protecting an infrastructure takes an important security initiative called Critical Infrastructure Protection (CIP). The United States critical infrastructure is protected by the Department of Homeland Security.
Waterman, Shaun. "Obama Hits Pause on U.S. Action in Face of Crippling Cyber Strikes from Syria, Iran." Washington Times 28 Aug. 2013. Print. (Source B)
Society has become ever-increasingly dependent upon technology, more specifically, computers to conduct personal and business transactions and communications. Consequently, criminals have targeted these systems to conduct information and cyber warfare, which can include politically motivated attacks and to profit through ill-gotten means. In an article written by Koblentz and Mazanec (2013), cyber warfare is the act of disabling an enemy’s ability to use or obtain information, degrade its ability to make decisions, and to command its military forces. Additionally, information warfare is composed of cyber warfare and related to the protection, disruption, destruction, denial, or manipulation of information in order to gain a benefit through the technologies (Taddeo, 2012). Accordingly, as technology becomes readily available to various entities, the ability to conduct or perform warfare through technological means is multiplying.
Cybercrimes are on the rise now. People information are constantly getting hacked. Target computers were recently hacked and over a thousand people credit card information was stolen. Every day we
The first thing that we must consider about Information Security is that there is not a final destination at which we can arrive. IT Security is an ongoing set of processes and activities that requires attention and expertise on a daily basis. It is important to understand that systems are not secured by themselves and it is our responsibility to maintain and improve them periodically as required. It is of vital importance to establish the appropriate mechanisms and requirements in order to support the company’s CIA triad. The following report will provide you guidance about auditing and hardening techniques applied though the 7 Domains by utilizing IT Security Best Practices.
The first online banking system was created in 1980 in New York, and was adopted by four main banks; Citibank, Chemical, Manufacturers Hanover and Chase Manhattan. The sector needed an innovation in banking systems because of growing consumer demand for service improvements as well as fear of losing market share. In the beginning, online banking was treated at private customers and small companies, to help customers have easier access to their bank accounts, however, now it achieves a global reach through the population. (Cronin 1997) In today’s world, electronic business (E-business) is very important especially for the banking system, plays a fundamental role in online banking (Nasri 2011). A true definition of online banking is difficult, because this system is connecting with different services which are constantly evolving. Access to online banking is possible through the internet, phone or even television. (Daniel, 1999; Mols, 1998). This ‘open system’ is available to the customers twenty four hours a day, seven days a week. This is a multi-level organized system, which helps people pay bills, check credit cards or even arrange mortgages without leave their houses. (Singer 2012)