college algebra

Essay by maggot0522University, Bachelor'sB+, October 2014

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Risky Situations CMGT/400 Version 2�� PAGE \* MERGEFORMAT �11���

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Risky Situations

Identify three types of sensitive information involved with each situation. Then, describe three ways in which each information item could be misused or harmed. For each of these, note at least one likely finding that you would include in a risk analysis report of the organization. Finally, answer the questions at the end.

Situation 1 - Online Banking System

Information Affected

Potential Harm (Risk)

Likely Finding in Risk Analysis Report

Personal Information

Personal property damage and loss

With financial institutions keeping a record of where a person lives, that can put their physical security at risk as well, as it leaves the person vulnerable to property theft or damage.

Identity Theft

Since financial institutions keep a lot of information on their customers, if a someone were able to access that information that person would be able to wreak havoc on that person's life

Company reputation

If a company has personal information released, the customers will feel less secure with their banking and will result in a business loss for the company

Financial Information

Opening additional accounts

Criminals can use the information contained in a financial report to open additional lines of credit, or other fraudulent accounts

Unauthorized withdrawals

With access to account numbers and credit card numbers a criminal can use wire transfers to move money to another account, make illegal withdrawals, or write fraudulent checks.

Spending habits

Criminals can monitor spending habits of a victim as not to arouse suspicion to continue using the member's identity.

Computer information


Situation 2 - Facebook Page

(organization or personal - specify which)

Information Affected

Potential Harm (Risk)

Likely Finding in Risk Analysis Report

Personal information

Education information

Many people are proud of where they went to...