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Unformatted text preview: IDS, harden the database holding the customer account information, or use encryption for customer transactions. • Cheapo, Inc., did not effectively protect its customers’ assets. • Failure to conform to the required standard • By not erecting the proper security policy and program and implementing the necessary security controls, Cheapo, Inc., broke 12 federal regulations used to govern financial institutions. • Proximate causation and resulting injury or damage • The financial institution’s failure to practice due care and implement the basic requirements of online banking directly caused 22 clients to lose $439,344.09. ch10.indd 878 12/4/2009 11:39:10 AM All-in-1 / CISSP All-in-One Exam Guide, 5th Ed. / Harris / 160217-8 Chapter 10: Legal, Regulations, Compliance, and Investigations 879 Eventually, a majority of the accounts were attacked and drained, a class action suit was brought against Cheapo, Inc., a majority of the people got most of their money back, and the facility Cheapo, Inc., was using as a financial institution is now used to sell tacos. These scenarios are simplistic and described in a light-hearted manner, but failure to implement computer and information security properly can expose a company and its board of directors to litigation and legal punishment. Many times people cannot hide behind the corporation and are held accountable individually and personally. The board of directors can compromise its responsibilities to the stockholders, customers, and employees by not ensuring that due care is practiced and that the company was not being negligent in any way. Investigations Since computer crimes are only increasing and will never really go away, it is important that all security professionals understand how computer investigations should be carried out. This includes legal requirements for specific situations, understanding the “chain of custody” for evidence, what type of evidence is admissible in court, incident response procedures and escalation processes, and that security professionals are not robo-cops. When a potential computer crim...
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This note was uploaded on 06/01/2013 for the course NET 125 taught by Professor Hurst during the Fall '12 term at Wake Tech.

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