Even a simple visit to the atm could lead to ones

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number of customers. Even a simple visit to the ATM could lead to one’s credit card and bank account information to be stolen and all funds depleted by virtual thieves. And although many banks claim that they have the highest security enabled for their customers, firewalls can still be penetrated, as proved in 2005 when Bank of American was hacked and the personal information of 60,000 customers was stolen (Weiss, 2005). This type of attention makes potential and even
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existing customers uneasy of their business practices and may look someplace else to invest their money. Ultimately, the technology used by businesses has to continuously evolve to ensure the security of high valued information and their customers. References Laudon, K. & Laudon, J. (2012). Management Information Systems: Managing the Digital Firm. Prentice Hall. New Jersey. Weiss, T. (2005). Bank of America Notifying 60,000 Customers About Stolen Data. Computer World. Retrieved from http://www.computerworld.com/s/article/101992/Bank_of_America_notifying_60_000_c ustomers_about_stolen_data Mueller, D. (n.d.). What are the Four Major Types of Competitive Strategies? Small Business Chronicle. Retrieved from http://smallbusiness.chron.com/four-major-types-competitive- strategies-24974.html
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