Research Project Description: We have been looking at the advancement of encryption standards over the years. In today’s locked down world with almost everyone working remotely, new challenges that
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Research Project Description:
We have been looking at the advancement of encryption standards over the years. In today’s locked down world with almost everyone working remotely, new challenges that require encryption and cryptography have arisen. When do companies need to use encryption? What levels of encryption and authentication are needed?
Pick an industry or company that has had to deal with the challenges. How have they addressed things such as:
- Websites
- Cloud storage
- Threat actors
- Vulnerabilities
- Security Measures and policies
- Email (both encrypted and not),
- Hash values to verify documents,
- Databases that store
- Remote users that must be authenticated
- On site users that must be authenticated
- What policies need to be in place?
- What case studies are there?
- What new problems have arisen as a result of the pandemic?
You will need to complete the following:
- What data are you protecting?
- What are the biggest challenges faced by companies in the chosen industry when using encryption
- How do they verify and authenticate the users both local and remote?
- What forms of encryption (symmetric / asymmetric)
- What laws and regulations affect the industry?
- What are common attacks / threats / vulnerabilities and how would you protect against them?
- How have other similar companies dealt with this and with what results?
- How would you test the method you choose?
- What are the expected outcomes?
- What new methods may be on the horizon that will help this industry?
Please note the following criteria:
Research paper:
- Research Paper must be in APA Style
- Research Paper must have at least 5 works cited of which 2 must be peer reviewed works/articles (note your book can be included as a reference)
- Must be at least 12 to 15 double-spaced pages with standard 1 inch margins.
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- Does not include title page, abstract and references
Presentation
This presentation must be supported by the research paper.
Completeness of the Topic
Presentation Delivery
Research Project Description: We have been looking at the advancement of encryption standards over the years. In today’s locked down world with almost everyone working remotely, new challenges that
ENCRYPTION IN BANKING SECTOR Cryptography applies to any field irrespective of the sector. Every sector is digitalized and now-a-days working closely with advanced technology and transactions are happening with a single tap and touch. In this era of happening everything possible at fingertips on our mobile many hackers have been trying to hack the information that is sensitive and work for their personal or any other need and giving the possibility for a harmful act to happen which would cost millions to a company. There are many breaches that happened in recent year due to less effective encryption systems. In this paper we would like to mention about banking sector that handles sensitive data like bank accounts, social security, millions of money and millions of transactions happening every single hour. It is crucial to protect the privacy and confidentiality of the information. This requires lot of planning and involvement of lot of departments to handle the secure environment of data. This paper deals with the difficulties involved in a banking sector and how they could be overcome using various encryption methods, algorithms, website hosting , various plans that banking company , regulations that a banking company has to comply with authentication methods, access controls that has to be taken care to overcome attacks from hackers. Introduction Data hosting generation and protection • Email • Websites • Cloud storage • Data base Threat factors Vulnerabilities Authentication Encryption forms Biggest challenges faced by the company Peer companies that face the issues with threats, vulnerabilities Scope of adapting to new methods available and their application to the banking sector Methods to protect information and testing Expected outcomes Conclusion
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