VL BANK CASE STUDY
Cyber crime is a phrase that covers a wide range of criminal activity making use of a computer system. Some typical cases of cyber crime include financial fraud, identity theft, and cyber bullying and website defacements. At a banking level, cyber crime may entail the hacking of client databases and stealing of intellectual property.
In this case study report to be presented to the senior management, we examine a cyber crime activity, which has just happened at VL Bank. As the Chief Information Security Officer(CISO) my urgent responsibility is to formulate a task force involving the bank`s lawyers & other IT staff ,government security agencies, private experts among personnel to quickly identify what happened, the affected clients and sites, the people behind this crime and their possible arrests and prosecution and proposed counter measures to prevent future attacks.
A. Develop a report (suggested length of 3–5 pages) for VL Bank senior management regarding the cybercrime from the attached “VL Bank Case Study” in which you do the following:
1. Discuss how two laws or regulations apply to the case study.
To address Cybercrime attacks, the US government has formulated two key pieces of legislation .The first one is the Patriot Act (2001) which punishes anyone who (a) intentionally accesses a computer system without consent or goes above authorized access,(b)deliberately accesses a computer system without permission or surpasses authorized access, and therefore obtains, intentionally and with motive to swindle, accesses a secured computer without permission, or surpasses official access, and through means of such behavior furthers the planned fraud and acquires anything of value,(c)intentionally triggers the transmission of a code,command,information or program and as a consequence of such conduct, deliberately causes harm without permission, to a secured computer,(d) with intention to obtain from any person any...