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Running Head: SCOPE AND PROPOSAL 1Assessment 1: Scope and ProposalName: Janaya HoskinsCourse: IT-FP3358Professor: Tamika WilliamsDate: 07/13/2020
SCOPE AND PROPOSAL2Project ScopeCapital One is one of the largest financial firms that provides products such as savings account, checking accounts, CD account, credit cards and a host of other banking needs. Capital One has brought in over 28.2 billion dollars of revenue in 2019. Capital One has 755 location which includes 30 café style locations and over 2,000 atm locations. Currently the company is ranked in the top 100 on the list of Fortune 500 companies, remaining on the list for 18 years. In early 2019, Capital One reported the company’s systems were hacked which lead to bank accounts, social security numbers, and a host of other sensitive information compromised. The system was hacked due to vulnerabilities within the systems server access. Capital One customers personal information was stolen such as social security numbers, names, date of birth, and banking account numbers. Capital One main headquarters is in McLean, Virginia; typically, hackers can choose any branch or location to hack (Forbes, Jan 21, 2020).Main Business Problems and GoalsWhen working with systems, there will not be a system that is 100% perfect within an organization. Companies try to keep confidential information secure by updating security policies and procedures however a hacker will always find a way to break through those security protocols put into place. Many banking firms use POS (point of sales terminal). The POS terminals have been known for many fraud cases and breaches within the system, which has occurred so often over the years. Hackers believe that the POS are easy to manipulate. With Capital One being a big credit card company, many customers use POS terminals to make purchases daily and this is a huge liability. The POS terminals need to have heavy security
SCOPE AND PROPOSAL3protocols for big name companies like Capital One. If not, there can be a lose of customers to thecompany. In 2019, the way Capital One security protocols were broken was there not a very secure security within the information servers. With the servers, a server can be patched or updated to forge a better layer of security to protect users information but if the problem is