Tft2 Task 4 - 1387 Words

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 procedu re, 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. â€Å"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 naà ¯ve, they would grab and go. This was later deemed not toShow MoreRelatedTft2 Task 44005 Words   |  17 PagesTFT2 Cyber Law Task 4 Jordan Dombrowski Western Governors University Situation Report 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.SRead MoreTft2 Task3 Essay1348 Words   |  6 PagesTFT2 Task 2 Thomas Garner Student ID: 336227 Information Security Modification Recommendations Service Level Agreement Between Finman Account Management, LLC, Datanal Inc., and Minertek, Inc. After careful review of the current Service Level Agreement(SLA) â€Å"A Service Level Agreement for Provvision of Specified IT Services Between Finman Account Management, LLC, Datanal, Inc., and Minertek, Inc.† we have determined that standard Information Technology security measures have not been