Information Processes and Technology
Home > Information Processes and Technology > Communication Systems > Electronic banking
Electronic banking - Security issues
This activity addresses aspects of the following Information Processes and Technology
Outcomes
H1.1 applies and explains an understanding of the nature and function of information technologies to a specific practical situation
H1.2 explains and justifies the way in which information systems relate to information processes in a specific context
H3.1 Evaluates the effects of information systems on the individual, society and the environment.
Source: Board of studies NSW, Stage 6 Information Processes and Technology, Preliminary and HSC Courses (2008)
Introduction - The Commonwealth Bank case study
The Commonwealth Bank of Australia takes the protection of customers, their information and transaction seriously. It has implemented system security controls, encryption of sensitive data and a five minute time out on NetBank to avoid anyone else accessing customer banking details.
One such security technique for consideration is the 128 bit encryption (the encoding of data) using cryptography of all customer data sent between your computer and the BCA systems.
Visit the
Commonwealth Bank 
site and then answer the following questions.
“Technology and computers cannot protect everything for you automatically.”
- Describe strategies that you can use in order to ensure your personal security when using Internet Banking facilities.
- Discuss the meaning of Cryptography.
- Describe the techniques of Cryptography.
- Discuss the advantages and disadvantages of electronic banking for:
- the individual
- society
- the environment
For further research regarding Internet Banking fraud go to the following websites.
|