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Information Security - Lecture 2

CS205 ppt slides of lec--2

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21 views6 pages

Information Security - Lecture 2

CS205 ppt slides of lec--2

Uploaded by

humakhalil.work
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Why Is Information Security Needed ?

• Bangladesh Bank
SWIFT Hack – Feb
2016: Hackers used
SWIFT credentials of
Bangladesh Central
Bank employees to
send more than three
dozen fraudulent
money transfer
requests

REF: WIRED.COM
Why Is Information Security Needed ?

Contd…
• Requests sent to the
Federal Reserve Bank of
New York asking the bank
to transfer millions of the
Bangladesh Bank’s funds
to bank accounts in the
Philippines, Sri Lanka and
other parts of Asia.
• USD 81 million stolen
• Total impact could have
been USD 1 billion

REF: WIRED.COM
Why Is Information Security Needed ?

Recent Cyber Attack – May 2017

REF: TELEGRAPH
Why Is Information Security Needed ?

REF: GUARDIAN
Why Is Information Security Needed ?

• The Importance Of
Information
– IT is pervasive in our
society & critical to
the Ops & Mngmt of
all organizations
– IT is an enabler for
business and govt
– Personal information
is vital for individuals
to function in society
– Information holds
5
value
Why Is Information Security Needed ?

IMPORTANCE OF INFORMATION SECURITY • As per PWC Global


Economic Crime
Report 2016, Cyber
Crime was amongst the
top 3 most commonly
reported types of
economic crime

• As per Europol 2013


report, Cyber Crime is
now more profitable
than the drug trade
6

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