A Case Of A High Profile Customer - 1115 Words

1.0 Introduction The report will be based on a case study of a high profile customer, Agatha, whose account was debited with $1,000,000 using an online service at Trustworthy Bank and Trust (TBT). In this case, TBT applies Triple Data Encryption Standard (3DES) in carrying out transactions. On receiving a message that her account, has been debited with $1,000,000 she contacted the bank manager, Jessica, on the account that the transaction was a forgery. However, the bank manager provided information authorizing her to transfer money to an offshore bank in the Cayman Islands. This was supported by encrypted message, â€Å"Thanks for your many years of fine service, Jessica. Please transfer $1,000,000 from my account to yours as a token of my esteem and appreciationÍ ¾ Signed Agatha.† The message was provided by Cayman on Jessica’s request. However, the client filed against TBT, bank manager (Jessica) and Cayman Island on account that the transaction was a forgery engineered by Jessica. On the other hand, TBT bank sued Agatha on account that all procedures were followed. As such, the report will seek to identify the ways that the bank would have prevented the controversy from occurring. Additionally, the report will highlight the responsibility of Cayman Island in determining whether the transaction was bogus or not. Moreover, the report will propose ways of improving 3DES security performance to eliminate controversy in future. Lastly, the report will contrast Advanced EncryptionShow MoreRelatedPurchasing1440 Words   |  6 PagesIf we are not careful to plan and design based on distributions as opposed to averages, the entire planning and design process will be flawed. That is why it is so important to go to the extra step to derive these profile distributions. As you start to look at the profiles of customer orders, purchase orders, item activity, inventory levels, and so on, the creative juices begin to flow for everyone on the project team. 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