Management Information Systems The Islamia University of Bahawalpur Delivered by: Tasawar Javed Lecture 17

Today’s talk  E-Commerce Considerations The Disposable Credit Card Visa’s required Security Practices  Risk Management  Information Security Policy  Controls Information Security

 E-Commerce Consideration New Security Concern Not only protection of data Not only protection of information Not only protection of software But protection from Credit Card Fraud Information Security

The Disposable Credit Card  American Express announced a “disposable” credit card  The fear came due to internet use  When user enter credit card number for purchasing; it creates the randomly generated number from the credit card company’s website; this number is given to the e- commerce retailer, who submits it to the credit card company for repayment.  Later on it was closed down; and disposable card was issued. On which you can make much more purchases.  Citibank offers Virtual Account Numbers, and MBNA has a program called ShopSafe. Information Security

Visa’s Required Security Practices  Visa announced 10 security related practices Install and maintain a firewall Keep security patches up to date Encrypt stored data Encrypt transmitted data Use and update antivirus software Restrict data access to those with a need to know Assign unique IDs to persons with data access privileges Track data access with the unique ID Not use vendor supplied password defaults Regularly test the security system

Risk Management  Identify business assets to be protected from risks  Recognize the risks  Determine the level of impact on the firm should the risks materialize  Analyze the firm’s vulnerabilities Impact could be severe Impact Impact could be Significant Impact Impact could be Minor Impact Information Security

 Risk Management should prepare the report A description of the risk Source of the risk Severity of the risk Controls that are being applied to the risk The owner of the risk Recommended action to address the risk Recommended time frame for addressing the risk What was done to mitigate the risk Information Security

Service Impact Significant Impact Minor Impact High VulnerabilityConduct Vulnerability analysis. Must Improve controls Conduct vulnerability analysis. Unnecessary Medium Vulnerability Conduct vulnerability analysis. Should improve controls Conduct vulnerability analysis. Unnecessary Low VulnerabilityConduct vulnerability analysis. Keep Controls intact Conduct vulnerability analysis. Unnecessary Degree of impact and Vulnerability Determine controls

Information Security Information Security Policy  Phase 1- Project Initiation  Phase 2- Policy development  Phase 3- Consultation and approval  Phase 4- Awareness and education  Phase 5- Policy dissemination

Information Security Phase 1 Organizational units management Interested & affected parties Security project steering com Project team Phase 2 Phase 3 Phase 4 Phase 5 Establish Consultation Training awareness & policy education Security Policies

Thank you!!! Q&A