Information Security: Commonwealth Bank of Australia

Running head: INFORMATION SECURITY
Information Security: Commonwealth Bank of Australia
Name of the Student
Student ID
Subject
Date
Author’s Note:
Word Count: 2120

1
INFORMATION SECURITY
Executive Summary
The aim of this report is to know about the information security for Commonwealth Bank of
Australia. The access to the stored data or information has subsequently incremented with the
information security. The information security is responsible for incorporating the security
related products, policies, procedures and technologies. The issues related to information
security should be resolved under any circumstances. This type of security to the confidential
information is usually achieved through the proper application of education, training,
awareness, policies, procedures and technologies. Moreover, the information systems are also
secured with the help of this particular security. Information security is responsible for
controlling the access of data and information. The ability for using, manipulating, modifying
and finally affecting the objects or products is checked with the information security. The
report has clearly demonstrated that strategic security policy of CBA and the probable risks
and their mitigation techniques.

2
INFORMATION SECURITY
Table of Contents
Introduction................................................................................................................................3
Discussion..................................................................................................................................3
a) Strategic Security Policy for Commonwealth Bank of Australia......................................3
b) Identification and Assessment of Potential Threats and Vulnerabilities with Mitigation
Techniques.............................................................................................................................6
Conclusion..................................................................................................................................8
References..................................................................................................................................9

3
INFORMATION SECURITY
Introduction
Information security is the procedure to keep the confidential information extremely
safe and secured (Crossler et al. 2013, p. 93). The availability, integrity and privacy of the
information are maintained properly with the information security. The various methods like
the intrusion detection systems, firewalls as well as vulnerability scanners help to maintain
type of security with utmost priority (Andress 2014, p. 3). These above mentioned methods
of information security are responsible to provide better efficiency and effectiveness to the
products and services of that specific organization.
This report will be providing a detailed image of the information security for the most
popular banks in Australia, known as Commonwealth Bank of Australia or CBA. This is one
of the oldest banks in Australia and New Zealand and is quite popular for its unique
strategies. The report will also demonstrate the strategic security policy of this bank with
relevant details. The various threats will be identified and the mitigation techniques will be
given properly.
Discussion
a) Strategic Security Policy for Commonwealth Bank of Australia
CBA or Commonwealth Bank of Australia is the largest Australian bank and they
have been providing several services to the customers in various countries like Australia,
Asia, New Zealand, and United Kingdom and even in United States (Commbank.com.au.
2018). Various services related to banking are provided by them. Moreover, the financial
services like broking services, funds management, retail banking, superannuation,
institutional banking, investments, business banking and various others. The number of
employees in this organization is not less than fifty thousand and hence as per a significant
recent survey, the total income of the Commonwealth Bank of Australia was around 9.881
billion Australian dollars in the entire year of 2017 (Commbank.com.au. 2018).
The strategic security policy is the document that eventually states the procedure of
protection of the organization’s physical as well as information technology assets (Van
Deursen, Buchanan & Duff 2013, p. 33). This security policy is also considered as the most
important and significant part of an organizational information system. This particular