In this scenario, hackers launch cyber attacks that affect several parts of the nation’s financial infrastructure over the course of several weeks. Specifically, sensitive credit card processing facilities are hacked and numbers are released to the Internet, causing 120 million cards to be cancelled; automated teller machines (ATMs) fail nearly simultaneously across the nation; major companies report payroll checks are not being received by workers; and several large pension and mutual fund companies have computer malfunctions so severe that they are unable to operate for more than a week. Identify the countermeasures that need to be implemented to prevent these cyber attacks from occurring in the future. Start a discussion thread and discuss what type(s) of countermeasures need to be implemented to prevent the cyber attack described above from occurring in the future. Be specific in recommending countermeasures for this scenario. You must do this following: 1) Create a new thread. As indicated above, 2) Select AT LEAST 3 other students’ threads and post substantive comments on those threads. Your comments should extend the conversation started with the thread. ALL original posts and comments must be substantive. (I’m looking for about a paragraph – not just “I agree.”)

The cyber attacks described in the scenario are significant and have wide-ranging consequences for the nation’s financial infrastructure. In order to prevent similar attacks from occurring in the future, it is important to implement a comprehensive set of countermeasures. These countermeasures should address the vulnerabilities that were exploited in the attacks and ensure the resilience and security of the financial systems.

One countermeasure that should be implemented is enhanced network security measures. This includes the deployment of robust firewalls, intrusion detection systems, and encryption protocols. By strengthening the security of the networks that are used to process and transmit financial data, it becomes more difficult for hackers to gain unauthorized access and steal sensitive information. Additionally, regular network monitoring and vulnerability assessments should be conducted to identify and patch any potential weaknesses before they can be exploited.

Another important countermeasure is the implementation of strong access controls and authentication mechanisms. This involves implementing multi-factor authentication protocols, such as requiring users to provide both a password and a physical token, such as a smart card or biometric identifier, to access sensitive systems. By implementing these strong access controls, the risk of unauthorized individuals gaining access to critical financial systems is significantly reduced.

Additionally, the financial industry should invest in cybersecurity awareness and training programs for employees. These programs should educate employees about the latest cyber threats and best practices for preventing and responding to attacks. By increasing the cybersecurity literacy of employees, they become more vigilant and better equipped to detect and report potential cyber threats.

Moreover, regular system updates and patch management should be implemented. Often, hackers exploit vulnerabilities in outdated software or systems. By ensuring that all systems and software are kept up to date with the latest security patches, the risk of exploits is greatly reduced.

Furthermore, regular backups and disaster recovery plans should be in place to ensure that critical financial systems can be quickly restored in the event of an attack. This includes off-site backups and redundant systems to minimize downtime and disruption in the event of a cyber attack.

In conclusion, the countermeasures that need to be implemented to prevent the cyber attacks described in the scenario involve enhancing network security measures, implementing strong access controls and authentication mechanisms, investing in cybersecurity awareness and training programs, implementing regular system updates and patch management, and having regular backups and disaster recovery plans in place. By implementing these countermeasures, the financial industry can significantly reduce the risk of similar cyber attacks in the future and ensure the resilience and security of the nation’s financial infrastructure.

Need your ASSIGNMENT done? Use our paper writing service to score better and meet your deadline.


Click Here to Make an Order Click Here to Hire a Writer