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 to be 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 issues at Daytona Bank:
Having physical security control involves 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 discarding anyone with fraudulent intentions. Technical security controls can help secure information systems, whereby logical controls are installed to restrict unauthorized individuals from accessing the systems. Here, Daytona Investment Bank could have employed restrictive entrance to the computers. Some of these measures include installing passwords to protect sensitive information. Having restrictions on accessing some software would have secured the electronic information. An efficient, logical security system provides ways to identify, authorize, authenticate or even limit any authenticated user to specifically stated actions. This includes password codes hence, one cannot log in if the entry is unrecognised.
Last but not least are administrative security controls, primarily policies and procedures that put into place definitions and guides of staff actions towards sensitive company information. This means that the employees are placed in a different department that is in accordance with their cadres. Notably, the cadres by the employees are precisely based on an individual’s qualifications. Additionally, it is through administrative controls that the best policies are given to the employees to accrue integrity in their work. Shane Kerry could not have carried out this fraudulent act without integrity in his dealings.
