Discussion
Primary Task Response: Within the Discussion Board area, write 400-600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
Financial institutions must be aware of the constant threats to privacy and financial information. The threats change regularly. Financial institutions must follow certain regulations regarding the security of their data. In this assignment, you will explore the vulnerabilities that financial institutions face as well as the regulations that must be followed.
Research credible online resources and the library with emphasis on the financial industry to identify security vulnerabilities that affect software packages that are required to secure personally identifiable information (e.g., credit card numbers, Social Security numbers, addresses, medical information, and so forth). Respond to the following questions with 2-3 paragraphs of content:
• What are some of your recommendations on how organizations must identify vulnerabilities and isolate and remove threats affecting databases and applications in financial institutions?
• What are some of the information assurance and regulatory concerns that financial institutions have for ensuring application and database security?