One part of the information security is determining ways of protecting the company’s data and information. To prevent scenarios similar to the Daytona Investment Bank, there needs security control to avoid, detect, minimize or even act as a counteraction to any insecurity posed to the information systems in a company. The following is an outline of the ways that could have countered fraudulent issue at Daytona Bank:
Having physical security control whereby there is someone taking walks around the company so that there is no intrusion into the information systems. This individual could have been avoided if there was someone in the supervisory role to check on the employees work at the computer hence discard anyone with fraudulent intentions. Technical security controls can help in securing the information systems whereby there is the installation of logical controls restricting unauthorized individuals from accessing the systems. Here, Daytona Investment Bank could have employed restrictive entrance to the computers. Some of these measures are installing passwords to sensitive information. Having restriction on accessing some software would have secured the electronic information. An efficient, logical security system provides ways to identify, authorize, authenticate or even limiting any authenticated user to specifically stated actions. This is inclusive of having passwords, codes hence one cannot log in if the entry is not recognized.
Last but not the least is administrative security controls that are primarily policies and procedures that put into place definition and guides of staff actions towards sensitive company’s information. This means that the employees are placed in a different department that is in accordance to their cadres. Notably, the cadres by the employees are precisely based on an individuals’ qualifications. Additionally, it is through administrative controls whereby there is giving out best policies to the employees hence they can accrue integrity in their work. Shane Kerry could not have carried this fraudulent act if he had integrity in his dealings.