Reference no: EM133874025

IT Security

Introduction

Case Study Introduction: EITest Scam Impact on Best Bank

The following case study is created based on several Internet sources referring to the links below. The Bank name "Best Bank" is a hypothetical name created for the purpose of explaining the assignment.

"Facing Multiple Redirects to Phishing Pages. Is my website hacked?" by Sovande, February 2022,

"EITest Tech Support Scams Spread Coinhive Monero Miner", by Trendmicro, September 2022

Best Bank, a multinational banking and financial services company headquartered in Victoria, Australia, serves as a prominent institution in the global finance sector. Best Bank stands as Australia's second-largest bank by assets and the 3rd largest by market capitalization.

Established in 1990, Best Bank's current corporate entity emerged from the merger with several local banks in different countries, marking a milestone in Australian banking history. This merger propelled Best Bank's evolution into a leading financial institution.

With operations spanning across multiple countries, Best Bank caters to a diverse customer base, offering a wide range of banking and financial solutions. Best Bank oversees a global network of branches and subsidiaries, extending its services to customers in 34 countries worldwide. With a dedicated workforce of around 40,000 employees, Best Bank remains committed to delivering exceptional banking experiences and solutions to over nine million customers across the globe.

Similarly, serving nine million customers across multiple countries, Best Bank caters to a diverse customer base have users, including non- tech-savvy individuals, who may be vulnerable to fraud and manipulation by cybercriminals. Get online assignment help from Ph.D. experts!

Recently, Best Bank's customers have complained of unusual network delays in the banking system, as well as being redirected to different websites irrelevant to them. Moreover, Best Bank's customers report receiving unusual popup messages on their mobile application. Therefore, Best Bank recently hired your team as the expert cybersecurity team to assess this situation. Your team discovered evidence suggesting Best Bank's potential exposure to the EITest scam, a sophisticated cybercriminal operation notorious for its deceptive tactics in distributing malware and conducting phishing attacks.

The EITest Scam is a type of malicious campaign that utilizes hacked websites to perform malicious redirections. This campaign exploited vulnerable websites and redirected users to exploit kit landing pages, which launched Internet Explorer and Flash exploits, resulting in the download of malicious binaries onto the user's system.

Concerned about the potential risks posed by this threat, Best Bank has tasked your team with conducting a comprehensive security report to assess the vulnerabilities and potential Business Impact Analysis due to the EITest scam and to maintain their Business Continuity. Your team has been tasked to study this case and compile a comprehensive security report comprising Business Impact Analysis, and Business Continuity Plan and evaluate the potential cyber threats and risks posed by the EITest scam to Best Bank. The report should analyze the impact of the scam on Best Bank's systems, networks, and data security, as well as provide recommendations for mitigating the identified risks and enhancing the organization's cybersecurity defences to maintain the business continuity. Your recommendations should be presented in both a written report and an oral presentation.

Your report should include the below sections.

Executive Summary: Overview of EITest scam and its potential impact on Best Bank.

Introduction: Provide background information on Best Bank and its global presence, highlighting the diversity of its customer base and the potential vulnerability of non-tech-savvy users to cyber threats.

Threat Analysis: Identify and analyze the potential cyber threats posed by the EITest scam, including compromised websites, malicious redirection, and exploit kits. You have to perform a detailed analysis of the EITest Scam and then report in this section.

Vulnerability Assessment: Assess the vulnerabilities in Best Bank's systems, networks, and processes that could be exploited by the EITest scam.

Risk and business impact Analysis: Conduct a risk assessment to determine the likelihood and potential impact of EITest to Best Bank and make a BIA identifying its main functions and stakeholders.

Business Continuity plan: Provide an actionable business continuity plan to Best Bank's defences against the EITest scam. This may include implementing security controls, enhancing employee training programs, improving incident response capabilities, and fostering a culture of cybersecurity awareness across all branches.

Conclusion: Summarize the key findings and recommendations from the security report. Emphasize the importance of proactive measures to mitigate the risks posed by the EITest scam and safeguard Best Bank's systems, data, and reputation from cyber threats.

Oral Presentation: Explain your contribution of the above analysis and your conclusion about the EITest scam.

Assessments not submitted through any cloud forms are not considered. Submissions must be made by the end of session 12 and 13 respectively.