Analysis of FakeBank Data Breach: AI Ethics and Security Measures

Desklib provides past papers and solved assignments for students. This report analyzes a data breach case study.

VASU 2019_1 - CSC8507
ASSIGNMENT 1
QUESTION 1

Question 1
Professional code of ethics is the professional commitments of the members of an
organization, that are designed for the decision-making process. ACS is a part of ACS
constitution that has six primary values like, the primacy of public interest, enhancement of
quality of life, competence, honesty, professionalism and professional development. The
current case is about the FakeBank organization, in which Mr InsideHack is a senior
programmer. The case is about the withdrawals from the bank in midnight and these
transactions do not record in the bank database. During the testing of one day, the
programmer caught the issues and stated to withdrawals money from a bank account to his
account and this process continues in the last one year. In the result, the programmer caught
and jail for more than ten years. Bank and programmer misuse of the code of conduct of the
organization and the report include consequence and actions of Mr InsideHack, the Fakebank
and the police.
The consequence and actions of the Mr Inside Hack included different charge and penalties
like, the total amount of theft that is 1.4 million should be returned including interest rates.
Lifetime ban of his programming career, as well as bank, need to implement a security
system with an alert in the system. Create a passcode for each transaction that required for
each person during the transactions.
The bank also fiend with a good amount of money as it's already in heavy loss of money
transaction. Police should arrest programmer and enquiries with other members of the bank.
Check all the transaction that completed for one year and get money back from the users who
did this. The good things in all the process were that the programmer found guilty and the
police did not want to file any change against him. Police close the case as the accused
behaviour was in violation of the rules (Bowern, 2006).
It is required to maintain international security as well as withdrawals money from the bank
system as theft is also an issue of international security. Take help from professional and law
enforcement department and dismiss the person from its job. Test the legal right and discuss
them with the human resource manager of a human rights organization. It is required to
corporate with the investigator to the bank and gives a warning letter to the bank authority
about this incident along with a penalty of an amount. Some other actions that would take
against the bank and programmer like, job transfer, terminations, money reductions and some
other penalties. This incident impacts on the society and changes are required like,

 Design the algorithm to implement security in the organization and focus on technical
terms and proper visibility. Select the data from the organization and investigate it to
make it transparent.
 Built and maintain the trust in the organization with fulfilling the exceptions of the
members along with the plying critical role.
 Create some professional and personal penalties to break the code of conduct in the
organization (Singh, 2005).
References:
Bowern, M., Burmeister, O., Gotterbarn, D. and Weckert, J., 2006. ICT Integrity: Bringing
the ACS Code of Ethics up to date. Australasian Journal of Information Systems, 13(2).
Singh, J., Carasco, E., Svensson, G., Wood, G. and Callaghan, M., 2005. A comparative
study of the contents of corporate codes of ethics in Australia, Canada and Sweden. Journal
of World Business, 40(1), pp.91-109.