The case study I choose to look at was the one that happened to be just recently that occurred March of last year 2012, where a company by the name of Global Payments Inc., whom is a processor company for credit and debit card for Visa and MasterCard’s, and according to the wall street journal it was hit by a security breach. In the article it acknowledges that Brian Krebs, who runs a security site www.kerbsonsecurity.com, reported that his sources in the financial said the breach might involve more than 10 million compromised card numbers. Master card said in a statement they have alerted payment card issuers regarding certain MasterCard accounts that were potentially at risk, and they have also hired an independent data security organization, which is conducting a forensic review of the situation. MasterCard had also implied that it wasn’t there own system that been damaged by the security breach but it was the third party, which is Global Payment system that had been hit by it. One of Visa’s spokeswoman stated in an email “that there is no issue or impact to Visa’s systems or our processing network VisaNet. This is an issue with a third-party”. As MasterCard and Visa sent alerts to banks, Krebs reported, the card processor was compromised between Jan. 21-Feb 15, and banks are reviewing transaction in data trying to determine a common point of purchase. This is why having transaction data is very important as it helps out with tracking back to a person’s purchases and trying to determine if the information from the card was stolen and is being used somewhere else. It was also determine that full Track 1 and Track 2 data was taken, which means that the information could have used to counterfeit new cards according to Krebs.
As the story processed In April of 2012 Visa had dropped the card processor Global Payment Inc. Global Payments is what you would call a “payment processor”, which connects the merchant to the credit card company. They have links to Visa, MasterCard, Discover and American Express. In simple words Global Payment is the middle man and it makes sure you’ve got enough money, or credit, to buy something from the store when someone uses their credit card. All the information is going back and forth from the store where the item is being purchased from to the credit card company, to the bank, in a matter of spilt seconds. Global Payment said it believes less than 1.5 million credit card numbers were stolen in the cyber security breach. They also said it was so-called Track 2 card data was stolen but card holders’ names; addresses and social security number were not obtained. They also said the security breach location happened to be in North America. More information on Track 2 is a person improperly using Track 2 information can transfer the account number and expiration data of a card to a magnetic stripe on a fraudulent card and then try to use it to make online purchases. The way this could be blocked is when online merchants ask for the CVV code, or the three or four digits usually located on the back of the card. Global payments are targeted by hackers due to the vast amount of sensitive financial information they handle in their data base. Hackers want to get this information, because simple its where all the money is and it’s a big hit for them as someone is who is trying to rob a bank. Statically there are 800 million cards in the U.S. and there are only 300 million people, so you the motive for the hackers are who do this on regular bases.
Credit cards being in hands of everyone in the U.S. today this was a case of identity theft and fraud, and how hackers want to use the personal information of people and accomplish this. Motive
Josey (client) is a 28 years old separated single mother, living with her two children, Sam Aimes (15) and Karen Aimes (10). She separated from her husband Don, because he was beating her very brutally. Josey’s parents did not trust about her character because she became pregnant when she was teenager and so many people had sex forcefully with her. Nobody knows even Sam’s father’s name. Karen is the daughter of Josey and Don. Because she had separated from her husband, now she did not have any sources…
4/9/2013 Business and Economics Case Studies in Finance Technical Content for Porsche Volkswagen CSX Instructor: Maria Strydom Go8 AFF5300 Case Studies in Finance Business and Economics Technical Content Readings: Chapter 5 from John C. Hull “Risk management and financial institutions” International Edition (2nd). Pearson. Available from the M onash library Derivatives and their use Derivatives Derivatives are a form of contingent claim – their value is contingent upon…
in Year One you will be required to submit three case studies at module ten. The learning outcomes and construction of the case study should follow the Chrysalis Marking and Grading Guidelines that have been supplied to you. The length of the case studies should be within 10% of the word count of 2000 words per case study (not including the screeds). Case studies are a very important part of your final diploma. Case studies should only be done on the issues that you have covered in the year. They…
Case Study: A Nurtured Criminal I. Introduction The case I want to cover deals with a 6- year- old boy who is the gunman in a Michigan elementary school shooting in which another classmate was shot in the library. Later police found him hiding in a corner scared. When asked about the situation he told them he was just trying to scare her. Should this little boy be held responsible for committing…
1. Being the largest manufacturer, installer, and servicer of elevators, escalators, and moving walkways in the world, Otis achieved huge success in recent years. This case study briefly discussed how IT tools being used by Otis since early 1980s to achieve the significant successes and how Otis turn itself from an engineering and manufacturing company to a service company and achieve its long term vision. As a key fundamental information system, Otis launched its first centralized customer service…
Case Study GSCM 520 May 10, 2015 Case Study: Timbuk 2 Timbuk2 ‘s custom messenger bag has quality, which configures as a competitive dimension that drives sales. The fact that the bags are very durable makes it even more appealing to the customers, which makes the company gain comparative advantage over competition. The process of quality relates to the ability of the company to provide such reliable products. Moreover, Timbuk2 has a quality design that is very appealing for customers as…
submicroscopic abnormalities. We found the prevalence of chromosome abnormalities in women facing a single sporadic miscarriage to be 45% (95% CI: 38–52; 13 studies, 7012 samples). The prevalence of chromosome abnormalities in women experiencing a subsequent miscarriage after preceding recurrent miscarriage proved to be comparable: 39% (95% CI: 29–50; 6 studies 1359 samples). More chromosome abnormalities are detected by conventional karyotyping compared to FISH or MLPA only (chromosome region specific techniques)…
business policy. Decision-making aids and tools are utilized in the process. A broad spectrum of problems will be presented to students for study and for solving. Prerequisites: This course if offered in a student’s final semester. Learning Outcomes/ Competencies: Students successfully completing this course will be able to: Read and analyze case studies for real organizations Provide recommendations based on information from the readings as well as previous classes taken. Understand the…
The following case study is conducted in regards to a 34-year-old women diagnosed with pheochromocytoma after an episode of malignant hypertension. Pheochromocytoma has been studied extensively, and the pathophysiology has been determined to be a result of a rare tumor that starts in the cells of the adrenal glands and causes increased and inappropriate hormone secretion. The resulting symptoms of the tumor are unspecific and includes, high blood pressure, sweating, irregular heartbeat and headache…