Bank security
Undeniably more than 8 percent of the United States annual gross domestic product is from both Banking and Finance Sector and is the without a doubt backbone for the world economy. Further, the volume of this transaction is in trillion of dollars. Consequently, owing to the number of clients and the volumes amounts transacted on each day, the banks are high-value targets, prone not only to external security threats to both clients and staff but from internal threats as well. The sector thus has to have a well elaborate security system which not only addresses the Physical, Information, Personnel, clientele, but an intricate system that also tackles Liability issues, Departmental dependencies in addition to Emergency plan and
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Explicitly during this era of tremendous advancement in information, Information security is consequently paramount for any bank. With cyber crimes on the rise and hackers numbers increasing exponentially all over the world financial institutions need a very powerful firewall to safeguard any information that might put the personnel and clientele in jeopardy. In addition, proper data management systems, as well as data backups, are paramount to ensure information security. Both staff and clients should be well trained beside being updated on the prevalent cyber threats also how to handle both their access card including credit cards as well as their personal …show more content…
Emergency Plan and Disaster Response are inexorably critical. in the current state of affairs whereby terrorists are always eminent and institutions prone to fire outbreaks, a well-equipped bank with fire extinguishers at the strategic point is vital as is the case in this back in new york. However, they should be checked regularly and fire drill should be done at least. the unpredictability of this events requires every citizen to be aware and therefore this requires collaborative efforts between and among all and sundry. Staff ought to be very conversant with the procedures with require training and drills happening within the premises. In fact, in the case of a bomb threat, the information collected is very critical for developing an applicable police response (Clifford,
At 2215 hrs, on November 28, 1942, Fire Alarm Headquarters from Box 1514, situated at Stuart and Carver streets, received an alarm. When the responding apparatus arrived they found a small car fire at the corner of Stuart Street and Broadway. After the fire was extinguished the firefighters were about to return to quarters when their attention was called to smoke emanating from the Cocoanut Grove Nightclub a few doors away. Upon their arrival at the entrance of the Broadway lounge on Broadway they encountered numerous people leaving the premises admidst the cries of “fire”. The chief in charge immediately ordered that a third alarm be sounded from Alarm Box 1521 which the alarm was received by fire alarm headquarters at 2223 hrs. A civilian sent an alarm that was received at 2220 by fire alarm headquarters. As soon as the chief in charge realized that the immediate problem was one of rescue he ordered that a fourth alarm (received at 2224) and a fifth alarm (received at 1102) be sent. The apparatus responding was comprised of 25 engine companies, 5 ladder companies, 1 water tower company, 1 rescue company and various other apparatus. 18 hose steams for cooling purposes and three ladders were utilized (located at Piedmont, Broadway, and Shawmut for venting operations).
This paper identifies several topics such as the type of protocols and cryptosystems used to complete online financial transactions, the development and implementation of Advanced Encryption Standard (AES), a fire control system in an automated server room, factors considered when converting general office space to a server room, and power systems in server rooms. Research indicates the use of secure hypertext transfer protocols and digital certificates for the use of online financial transactions. Additionally, AES provides:____. A fire control system requires_____. When converting general office space to a server room_____. Power options for server rooms __________.
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
Burke, Robert. Counter-Terrorism for Emergency Responders. 2nd ed. Florida: CRC Press Taylor & Francis Group, 2007. Print.
“Who you gonna call? Ghost Busters” (Brillstein & Reitman, 1984). In 1984, a very popular comedy movie “Ghostbusters” hit the big screen and this one quote from the movie seemed to stick in everyone’s head. The question that seems to be posed when there is a crisis or emergency situation today would be “Who you gonna call? The fire department”. In today’s society fire departments have become the “catch-all” for every kind of emergency. Don’t you agree? Fire is still a big part of the fire service, “in 2015, every twenty-three seconds a fire department was responding to a fire” (NFPA (Ed.). , 2015). However, the fire service has evolved from just “putting the wet stuff on the red stuff” mentality to a profession
September 11th 2001 marks a day in US history that no one will ever forget. The terrorist attacks on the World Trade Center that occurred that day resulted in the biggest emergency service response ever in US history. Hundreds of police officers, EMS, and firefighters surrounded the area. However, according to a New York Times article, “The New York Police Department's response to the Sept. 11 attack was effective in many areas but suffered from lapses in leadership and coordination and a lack of proper planning and training, according to a draft report by an independent consultant for the department.” (Rashbaum, 2002)
Hazardous materials response can be difficult for first responders to respond safely, due to the unpredictability of the agents being used. It is difficult to determine what chemicals are being used, therefore difficult to predict the appropriate way to mitigate and conduct rescue operations. As stated by IFSTA, international fire service training association, “Responders must be familiar with SOPs/SOGs for handling chemical terrorist attacks and hazardous materials incidents.” (Miller. 2010, pg 352) It is through the IFSTA hazardous materials awareness and operations training, standardized for firefighters across the nation, that they teach first responders to follow specific protocols and standard operating procedures that rely heavily on the use of an ERG, Emergency Response Guide, to determine the proper course of action in responding to a hazmat incident. Although these guidelines are in place, things such as inadequate training in terrorism response and lack of proper resources, will determine whether or not that agency can respond effectively to a terrorist
At a local and state level, first responders have a considerable amount of risks responding to an international terrorist event on US soil. Depending on the magnitude of the terrorist threat, first responders must gather information of the threat to reduce the risks associated with that terrorist event. These risks could come in many forms that could disrupt the quality-of-life within communities and our nation.
Security helps the organization meet its business objectives or mission by protecting its physical and financial resources, reputation, legal position, employees, and other tangible and intangible assets through the selection and application of appropriate safeguards. Businesses should establish roles and responsibilities of all personnel and staff members. However, a Chief Information Officer should be appointed to direct an organization’s day to day management of information assets. Supporting roles are performed by the service providers and include systems operations, whose personnel design and operate the computer systems. Each team member must be held accountable in ensuring all of the rules and policies are being followed, as well as, understanding their roles, responsibilities and functions. Organizations information processing systems are vulnerable to many threats that can inflict various types of damage that can result in significant losses (Harris, 2014). Losses can come from actions from trusted employees that defraud the system, outside hackers, or from careless data entry. The major threat to information protection is error and omissions that data entry personnel, users, system operators and programmers make. To better protect business information resources, organizations should conduct a risk analysis to see what
Just as it has for the United States as a whole, the world in which emergency first responders work has changed in fundamental ways since September 11, 2001. Members of professions already defined by their high levels of risk now face new, often unknown threats on the job, specifically when responding to a terrorist event. At a basic level, terrorist attacks throughout the world have forced emergency first responders to see the incidents they are asked to respond to in a new light. One distinction between responding to deliberate attacks and responding to natural or technological disasters is that a terrorist attack could become an intentional hostile environment for first responders. In order to exacerbate physical and psychological casualties, terrorists may deliberately target emergency response capabilities and first responders.
At the point when this is obviously mapped out, the organizations can spare a considerable measure of time and cash on contingency and disaster recovery. The initial step is to make a Disaster Recovery and Business Continuity Plan and set up together a comprehensive plan for the organization, considering key segments urgent to recovery and set up a formal procedure to be taken after to reestablish business coherence when a disaster happens. The following includes Fire response plan, communication, continuity facilities, records management/IT, and business continuity plan. In the fire response plan, The business premises must be outfitted with smoke alarms and additionally sprinkler systems. The representatives working in flame inclined regions must be given and are required to wear a defensive dress. To additionally ensure your organization if there should be an occurrence of a disaster, you should speak with the neighborhood fire office and have them visit your office. Next, Communication
To deal with future transnational terrorist threats, the United States requires a truly national emergency response system that more fully incorporates federal, state, local, and private-sector capabilities. Terrorism poses a direct threat to security, and to the international stability and prosperity of the world. It is a persistent global threat that knows no border, nationality or religion and is a challenge that all community must tackle together. As the threat of international terrorism rises, there is an increasing requirement to provide information and training for the emergency personnel who will respond to terrorist incidents [NCBI, Published online 2014 Sep 24]. Not only do first responders have to protect and serve the citizens’
In reference to computer science, physical security is one of the most important accomplishments a business can achieve. Due to the advent of the modern technical age, all of a company’s records are held on their data systems. First and foremost, theft or loss of historical records and accounting data would instantly cripple an enterprise and could very well lead to its ultimate demise. The high profile news reports just in the last decade verify that. Hackers stole the financial records of several banks, which included the personal information of thousands of customers. Ditto for the Veterans’ Administration, for an employee’s laptop was stolen off site. Inside the computer’s hard drive were the ever important Social Security Numbers of hundreds of thousands of veterans and their families. For example, a financial institution goes to stark measures to ensure the money and securities stored there are safe. Not only are there outside locks on the doors and an elaborate alarm system, there is a fireproof steel vault with the finest timed locks available. Most usually, the valuables are further stored in locked boxes inside that vault. Just like that bank, an organization must strive to make physical security a priority. However, simply locking the data and equipment is far from sufficient. The information technology also needs an “alarm” of sorts, so that the company’s police, the information security specialists, can identify the threat and diminish or eliminate it.
As established by PCI DSS, our company needs to include different aspects to securely handle and store credit cards information. From the perspective of the Information Security Analyst we must to consider the following points:
While banking and financial institutions have play an important role in contributing the economic growth by collecting and allocating the resources to those who in need of finance, it also can bring the financial chaos to the economy as well. Since this industry is a sentitive and fragile one, the banking superivision is required to monitor on the banking system aiming to identify and measure risks in order to protect not only the financial institutions but also the customers from the contagious risk that would happen without any alert. Moreover, banking supervision is established in order to protect depositors against avoidable losses, thereby contributing to confidence in the financial system and the