David Ofori CMGT 400 May 31, 2015 Information Security Threats

Introduction

Chase bank is a world renowned banking organization that has been in business for decades. It is under the conglomerate of JPMorgan Chase & Co. which is a leading global financial services firm with assets of $2.6 trillion and operations all across the world. Through various financial services, which included personal banking, small business lending, mortgages, credit cards, auto financing and investment advice. Chase bank has a vast online banking system that most of their customers use in this technological era of computerized banking. There are many dangers that come in with banking online for customers. Protecting a customer’s online bank account has become a high priority of the organization due to a growing knowledge of online hackers.
Security Threat – Mobile Banking Risks

Mobile phones that are being used for banking are at an all-time high and is still increasing. Mobile security is becoming increasingly challenging for banks and credit unions. Most traditional online banking does not convert well to online mobile devices and vulnerabilities are more rampant in mobile transactions. Detecting vulnerabilities are a top priority. Using infected mobile devices can allow potential nearby devices to be infiltrated through the devices network. In order to prevent this from happening, these networks have to be thoroughly encrypted to protect any networks from being invaded. It is also helpful if the user does not willingly share their WiFi password with just any stranger.
Security Threat – Phishing
Phishing is another growing process that is becoming more dangerous and problematic by the day. Hackers are getting more inventive and are creating more polished and detailed messages for bank users that targets your bank accounts by having you click on their links and then they gain access into your bank records. To fight these incidents, certain techniques have been created. The most common defense is simply, user awareness. If the link does not look right and even if it does, be hesitant to click on any random pop ups. Focus more on the main site itself rather than a pop up message. If you receive an email from your bank and it is in the spam folder, leave it alone, it is more than likely not a real message.
Security Threat – Social Media Attacks

There is a rise in social media attacks are becoming a greater concern across the digital world. Attackers continue to develop new techniques to exploit social networks. Every major business has a social network account now and Chase Bank is no different. Hackers can potentially infiltrate the Chase account and give false messages to the millions of people that are following this account. This can be defended by having a very thorough encryption and a staff that is working around the clock watching and protecting any possible breaches.

Security Threat – Mobile Malware A new growing trend amongst cyber criminals is mobile malware, which is planting a virus into a consumer’s mobile device. It is a great opportunity for them to gain access into your bank records and steal your money from right under your nose. If the consumer is using an android, it is more than likely that it will be attacked than an IPhone. The consumer can accidentally download a malicious application that accesses your personal information and sends it to a cybercriminal or the consumer can download a dangerous application that dials premium rate numbers from the phone, which in turn would raise the charges on the phone bill. If you are using the Chase Bank application be mindful of any pop ups that does not look familiar. Before downloading any app, read through its privacy policy to ensure that your personal information is protected. It is also wise to regularly check your bank statements to ensure there are no additional suspicious charges that are deducted.

Security Threat – Denial Of