TFT2 Task 4 As the chief information security officer for VL Bank, we were notified by several of our commercial customers of unauthorized wire transfers in an amount greater than $290,000. This is very concerning since we take pride in our information security. As soon as we were notified of the fraudulent transactions my security team, along with the network engineers, performed a thorough investigation of how such attack had occurred. Once we were able to view all logs and audit data it came to our attention that the data did not appear to be stolen from our network. All transactions performed were done so with the appropriate credentials. Once we determined that the data breach did not occur on our network we worked with the …show more content…
In this case since the fraudulent transactions were reported immediately the customer will only be responsible for $50. The phishing email itself is also violating a law. This would fall under Title 18 Crimes and Criminal procedure, part 1, chapter 4, § 1028: "Fraud and related activity in connection with identification documents, authentication features, and information”. While there has been attempts in the past to introduce and pass laws that specifically apply to phishing attempts none of these laws have made it on the books. Identity Theft and Assumption Deterrence Act is a federal law established in 1998 that protects people from identity theft. Prior to this date there were not any specific laws to address this issue. The definition on the Federal Trade Commission’s website reads. “knowingly transfers or uses, without lawful authority, a means of identification of another person with the intent to commit, or to aid or abet, any unlawful activity that constitutes a violation of Federal law, or that constitutes a felony under any applicable State or local law;” Since this crime extends outside of the state of Georgia and furthermore outside of the country, it is considered a federal crime and we will be working with the FBI to resolve the information. In the past, collecting digital evidence law enforcement was naïve, they would grab and go. This was later deemed not to
In December of 2013, a man was arrested for taking part in a phishing scheme. He was sending out fake emails to students that attended colleges around the U.K. The emails sent them to a site where they were supposedly supposed to update their student loans. What they didn’t know, is that excessive quantities of money were being taken from
Immediately bring down any affected systems shut them down and power down switches and/or routers to entire segment that were hacked. The servers that were hacked need to be immediately reset meaning passwords, backup system and its applications. But before doing this to any system the company should take an image of the affected systems for forensic investigation, this will be the evidence against the hacker. Virus software needs to be run as soon as possible and security patches need to be installed on the entire company’s network system. The computers that were hacked need to be shut down and retrieve specially the one from the employee that hacked the system. Reroute network traffic to back up servers. This will help the company to minimalize the incident from reoccurring. The company should also remove/reset accounts and/or backdoors left on hacked systems.
“New users are assigned access based on the content of an access request. The submitter must sign the request and indicate which systems the new user will need access to and what level of access will be needed. A manager’s approval is required to grant administrator level access.”
As is the case with any type of evidence seizure, what is fair game and what is off limits needs to be identified and set, preferably in writing before any work is done. (Nelson, Phillips, & Steuart, 2015). This ensures that the forensics team will be protected in the worst case scenario where the company could have an issue with what was taken, very similar to the protection ethical hackers require when performing a penetration test (##). Once this list is created, the team will interview the system administrators to provide any information allowed about the systems such as the equipment, system baselines, passwords that are allowed to be shared, and any special information that would need to be known before analyzing the system such as what information is logged and where would it be stored (Rowlingson, 2004). The entire purpose of this information gathering is to paint a clearer picture of the situation so a more detailed plan could be devised prior to any systems being touched.
The new user policy section has been modified to require manager approval and validation of the user’s access request based upon the user’s role. Previously the policy only required manager approval for user’s requiring administrator privileges. In accordance with Health Insurance Portability and Accountability Act (HIPAA) standards on access controls, users will have the minimum access required to perform the functions of their job in order to protect against unnecessary access to electronic protected health information (ePHI).
It has come to my attention from the security analysts of VL Bank and victims that commercial customers of VL Bank have been involved in identity theft and fraud. Multiple user accounts were created without authorization claiming the identity of our customers. These fake accounts were used to make twenty-nine transfers of $10,000 each, equaling $290,000. The bank transfers were being sent to several U.S. bank accounts of unknown individuals. The U.S. banks involved in the transfers were Bank A in California, Bank B in New York, Bank C in Texas, and Bank D in Florida. After the funds were transferred to one of these banks, the funds were
The accompanying steps depict how a customer and a server confirm each other utilizing Kerberos.
Due to personnel, policy and system changes, and audits, Heart Healthy has voluntarily updated their information security policy to be in-line with the current information security laws and regulations. Currently Heart-Healthy Insurance, a large insurance company, plans to review and provide recommendations for an updated information security policy in the area ‘s of:
Identity Theft is the assumption of a person’s identity in order to obtain credit cards from back account and retailers; the crime varies from stealing money from existing bank accounts; renting apartments or storage units; applying for loans or establishing accounts using another’s name (legal dictionary, 2007). Identity theft and identity fraud are terms that are often used
While use of a pseudonym or alias is not necessarily unlawful, identity theft is the deliberate use of someone else 's identity, usually as a method to gain a financial advantage or obtain credit and other benefits in the other person 's name, and perhaps to the other person 's disadvantage or loss. The person whose identity has been assumed may suffer adverse consequences if they are held responsible for the perpetrator 's actions. Identity theft occurs when someone uses another 's personally identifying information, like their name, identifying number, or credit card number, without their permission, to commit fraud or other crimes. The term identity theft was coined in 1964.
The company announced to its customers about the hacking into the security two weeks after it took place, and stated that the hackers were after the intellectual property of the motor giant’s electric driven drive train system. Nissan’s computer systems were compromised and the information system was hacked into, although there are no concrete evidence if the intellectual property was the target of the hackers. It is also believed, on the other hand, that the cyber criminals got into the online network of the company and stole employees’ usernames and their encrypted passwords. It was added by the then Executive Vice President, Mr. Andy Palmer, that, “however, we believe that user IDs and hashed passwords were transmitted. We have no indication that any personal information and emails have been compromised.”
The primary factor in this breach, as it very often is, was people. In the end, it’s always about people. A company can have the best security protections in place and the hackers need is,
Another important activity here is to establish a set of metrics and start measuring those metrics that would give a better idea impact of the breach, effectiveness of the security controls in place and the impact on the confidentiality, integrity and availability of information at the organization’s disposal due to the breach. As a next step, investigation should focus on checking if the intrusion was caused due to any malware. If any malwares were detected, IR team should start analyzing the traits of the malware. If the IT team didn’t have the skillset to do so, then our organization’s IT security partners, an external consulting firm should be contacted to provide their assistance.
2) Amazon allows the user to add an email address by telephone if the credit card information among other details are known. This seems like a valid procedure by in Honan 's case the hacker used the self added credit card information.
As part of the scandal considered being one of the largest bank heists in modern history, several internal control weaknesses were discovered, which left a country exposed to future potential threats and an increased need for awareness and information system upgrades. Such a devastating case prompted other Central Banks around the world to examine and upgrade their cyber security measures. In this heist of a million dollars, there were a total of 35 transfer requests made to the New York Federal Reserve Bank by hackers on behalf of the unbeknownst Central Bank of Bangladesh. Of these 35 requests, 4 were successful and were transferred to the Rizal Bank