Credit Card Fraud Over A Three Or Four Month Time Frame...

In the case I will be discussing the problem was an increase in credit card fraud over a three or four month time frame was noticed. The credit card issuers contacted Ubizen. Ubizen is a private firm that investigates cybercrimes. The source was pinned down to one company which the article refers to as company A. It took a private firm cooperating with the FBI to find the problem, fix it, and track down the cybercriminal. The first step was to identify the problem and attempt to narrow it down to its origin. This was done by tracking the information by patterns to a common point. The common point in this case was company A. company A is a private company that handles credit card transactions for many businesses. The name has been changed to protect the company (Sartin, 2014). Company A agreed to cooperate with investigators not knowing that their systems had been breached. Ubizen’s investigators began to search through the company’s servers and found that the information had in fact come from their systems (Sartin, 2014). Company A was storing magnetic strip information on its servers. That type of information was not to be stored on their systems. Further investigation led to the discovery of software not stored on their system by an administrator (Sartin, 2014). This was a backdoor program called HackerDefender. This information made it seem that it was not an inside job, but rather th e work of a cybercriminal hacking the network from the outside (Sartin, 2014). The nextShow MoreRelatedIsys15184 Words   |  61 Pages | |A to Z Vehicle hire |Assessment book | Time allowed: Four months |AAT Level 4 Diploma in Accounting |QCF qual ref |SCQF qual ref |QCF unit ref |SCQF unit ref | |Internal Control and Accounting Systems |600/6892/9 |R324Read MoreAccounting Information System Chapter 1137115 Words   |  549 Pagestheir answers to the class. 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