My organization of chose is the Bank of America. This is among the largest banks in this country and also controls a huge market share compared to smaller competitors. This means that it also has a large number of customers that it hands financial transaction for them, and this puts them in possession of their customer’s financial information that is considered to be personal information. Seeing that this information is well protected is one of the most important tasks of the bank so that they do not face cases in the law court on the giving out of personal information. This is done using several techniques and is assured by the data security measures that the bank has in place. Among the most important are;
First is the protection of customer’s information. This is always the first and the most important. This is usually achieved by having very secure bank systems. Most of the financial transactions in today’s economy are electronic, and this means that in case that one has access to the data from the bank, they can be able to tell the activities or transactions of a certain customer. In the past, this has been made possible by hacker (Pfleeger and Pfleeger, 2014). Through this important data, they could use it to manipulate their victims and could even sometimes steal from them hence making sure that the information is inaccessible to any outsider is critical for the organization.
Second is to ensure that records do not tamper with. This is because it is possible for employees of the bank to change records of a certain account and also amend the details inside like the amount of money in the account and this would allow them to steal money from the accounts of customers. This means that it is important to set up policies on who has the right to access the information about the details of a client, and this makes it possible to monitor the funds movement in the organization hence closing down the loopholes that an employee with wrong intentions may use. In other cases, employees can only satisfy their curiosity on how much one has, and this should be limited to make sure that the customers have the privacy they deserve.
The bank has put up systems that require different passwords for the employees to access a particular type of information from the system. The employees are allowed to access information depending on their particular jobs and also the clearance that they have from the organization. This makes sure that all customer details are with the people that they should be with and those that can assure them of their confidentiality. The bank also has laws that are set to punish those that are found to have gone against the set rules and regulations, so that to make sure that the laws are not taken for granted and that the customers information is well taken care of( Collins, 2014).
In conclusion, all the institutions those have their operations run through computers are always a risk of losing information. This is through system collapse or even through harking. It is important to have very strict measures on who regulates your data center, and this helps to monitor the whole organization's activities. Having a secure system also raises your customer confidentiality and so can act as an active tool in pulling in more customers for the business. The loss of enterprise data can also lead to more adverse problems like the closing down of the company because in the cases of particular industries like the financial sector. It is important to make sure that you operate with only the correct information so that one can avoid losses at the end of a fiscal year.
References:
1. Pfleeger, C. P., & Pfleeger, S. L. (2014). Security in computing. Prentice Hall Professional Technical Reference.
2. Robling Denning, D. E. (2012). Cryptography and data security. Addison- Wesley Longman Publishing Co., Inc.
3. Tehan, R. (2008). Data security breaches: Context and incident summaries. New York: Novinkna Books.
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