Bank Security Essay

272 Words2 Pages
Why is security so important for a bank? * Security is important for a bank because they are dealing with large sums of money and personal customer information. 2. Why is there a need for two firewalls? * The two firewalls provide redundancy of security. One firewall protects the security of the user, and the other firewall protects the security of the bank's application server. 3. Who is protected by the bank's security system–the customer, the bank, or both? Elaborate. * Both parties are protected by the security system. The system protects the customer by ensuring that their personal information and accounts cannot be easily tampered with. The system protects the bank by protecting the integrity of its transactions and the security of its information. 4. What might be the limitations of such a system? * If passwords and account numbers are compromised, the system can still be compromised. * **4. What are the success factors of Amazon.com? Is its decision not to limit its sales to books, music, and movies, but to offer a much broader selection of items, a good direct marketing strategy? With the broader selection, do you think the company will dilute its brand or extend the value proposition to its customers? (Read Bayers 2002; available online at business2.com.) * Amazon.com has several success factors including their brand recognition and well-developed logistics capabilities. * We may argue that the firm is able to expand on its brand recognition and logistic capabilities by providing a wider sort of goods. We may also argue that the sales of a large variety of goods dilute the firm's position in its traditional
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