Report on the Information Security

Running head: Report on the Information Security
REPORT
ON
THE INFORMATION SECURITY
Name of the Student
Name of the University
Author Note:

Information Security1
Answer to the Question 1:
a) After a successful investigation on the information security field, it has been noticed
that there is a significant information security breach present related to the banking
operations, which has highly effected the individuals by affecting their financial
status. Followed by the aspects related to the information security in the banking field
it has been specified that since, banking is one of the most sensitive field it is essential
to protect the customer data. However, several research has mentioned that there are
various breach present in the banking field related to hacking the customer account
and steeling their money, utilizing the customer detail in order to have the access of
the accounts. Thus, it can be states that in the field of banking information security is
highly essential.
b) According to my point view the primary reason behind these breach is the
collaboration of the information system holds the risks which causes the most
significant impact on the banking services. Since, most of the information system
utilises the online information system thus, there is a major possibility of cyber-attack
in order to extract the customer information to use those data in some illegal manners
to steel the money.
c) Considering the above aspects there are several consequences present which harms
the banking services. Those consequences are listed below:
 Due to the less effective information security in the banking industry it can cause
the data loss related to the customer information, which can have a significant
impact on the saved money.
 It also holds a significant impact towards the bank reputation.
 Along with that in order to protect the baking server from the cyber threat the bank
authorities have the responsibility to spend high amount of money.