A lot of big banks are under cyber attacks. Wells Fargo is one of the companies that have been hit by cyber attacks this year. Wells Fargo was hit twice within a two week period. It knocked down their servers so that their website was inaccessible to all customers. One of the major problems in the United States is identity theft. Identity theft is when someone steals personal information from banking customers so that they can make fraudulent purchases using the customers stolen identity. Credit card fraud is the most common form of identity theft. This can cause negative items on your credit report along with a lowered credit score. Skimming is one way credit card information is stolen. This is when a special machine is used to steal the personal information on the magnetic strip of the credit card. Phishing is another scam involving banks. Phishing is when a scammer sends an e-mail to a user claiming to be from your bank stating that you are locked out of your account. In the email will be a fraudulent link to your bank account log in. The email is set up only to steal the user's log-in information. The Cyber Intelligence Sharing and Protection Act is a new act that gives the federal government a better way to help banks and other businesses to better protect themselves against cyber attacks. Businesses can protect themselves by encrypting their data, making it harder for cyber hackers to get the company's information. Another way is a using password
“A Survey on awareness of cybercrime related issues with reference to citizens of Baramati Region” by Mahadeo. D, Shivaji. W, Shivaji. T, & Bhimrao. Z (2013) states that “cybercrime is known as Internet crimes or computer crimes that uses a computer either as an instrument, target or a means for perpetuating further crimes or offences or contraventions under any law. These offences include not only the use of computers but the internet. Major Cybercrimes are denial of services…
Cybercrime covers such a broad scope of criminal activity. The most common form of cybercrime is identity theft, in which criminals use the Internet to steal personal information from other users. Therefore it is smart to protect yourself by using antivirus and spyware blocking software and being careful where you enter your personal information.
Cybercrime today is defined as a young person tormenting, threatening, harassing, or embarrassing…
advantageous attributes contributed to modern society by the World Wide Web, there are also perpetually developing technological malpractices, which threaten the privacy and security of millions of Internet users, along with their banks, networks, and organizations.
As economic entities, banks have the ultimate responsibility to its clients of maintaining and securing all confidential aspects about each individual’s financial information. Banks have dedicated several hundred years to the perfection of systems…
students with no idea whatsoever about the danger lurking in the cyber world, have an access to the internet daily through various electronic devices, it is important to take some necessary action to protect the young students from the trap of cybercrimes. Jamestown Community College (JCC) has realized just that, and taken measures to address the issue by establishing some basic guidelines through the introduction of ‘Acceptable Use Policy’ for the students to follow as regards the use of computer…
The Case of SOPA
It is an unfortunate reality that in this age of technology cybercrime has been on the rise. This fact has instilled fear into many individuals and companies have lobbied the government to put a policy in place that can help stunt the growth of cybercrime. Unfortunately websites such as "Isohunt" have been developed that allows for the sharing of software, from one individual who buys the product to potentially millions…
An individual who is usually employed with the organization and who can be trusted to undertake an attempt to penetrate networks and/or computer systems using the same methods and techniques as a Hacker (Certified Ethical Hacker, n.d.).
An ethical hackers or hacking is important; they think like and act like real hackers but work for the good of an organization or even the government. Ethical hackers work for organization, companies, the FBI, governments and the military.
Information Security Threats to the Banking Industry
University of Phoenix
Information Security Threats to the Banking Industry
To start off with I chose to go with our banking or financial industry. The banking industry is constantly getting attacked by various methods on a daily basis. I chose this industry because I happen to know someone who works in the security sector at Wells Fargo Bank, he was a good person to get…
Laudon and Laudon. 13th ed. 2014.
This course examines the information requirements of an organization, emphasizing the difference in the kinds of information needed at the operational, administrative, strategic, and organizational levels. Information technology (IT) is an enabler of business. This course will focus on the impact IT is having on organizations, business functions, and management practices and introduces students to the benefits and competitive advantages of technology…
Controlling Organized Crime
CJA 384 Criminal Organizations
June 18, 2012
Organized crime continues to wave countless countries throughout the world. Organized crime groups thrive on money, power, and respect. The media has perpetuated a stereotypical view of organized crime in the form of made-for-television movies, theatrical releases, and weekly series. Organized crime associations are not all Italians who vigorously…
Topic: Business Impact Analysis/Assessments
1.0 PURPOSE OF BUSINESS IMPACT ASSESSMENT
A business impact assessment (BIA), also called a business impact analysis, is a study of an organization’s functions for the purpose of estimating how well or poorly it can be expected to perform if its operations are disrupted. A BIA establishes a more rigorously defendable baseline for deciding how much continuity planning should be developed. Many continuity planners encounter the dilemma…