Individual Assignment: Select A Business Scenario Michael Bi

Individual Assignment Select A Business Scenario Michael Bishopseptember

This assignment requires selecting a specific business scenario and analyzing it thoroughly. The scenario involves the development of an internet banking system, focusing on designing a comprehensive technical architecture. The process will be structured into three phases: business architecture driven, application architecture driven, and technical architecture driven. Key tasks include adopting a suitable business architecture framework, understanding the strategic goals of the bank, developing a business capability model, identifying critical banking value streams, and mapping these capabilities to the system matrix. Additionally, the scenario entails aligning transformation needs with capability clusters and translating capability changes into a strategic roadmap.

The analysis must also cover potential risks associated with the technical infrastructure. These risks include vulnerabilities in the web browser (such as system damage, crashes, privacy issues, and misuse of private information), firewall misconfigurations, vulnerabilities related to web servers (like unnecessary services, system failure, and security breaches), data loss risks from database tampering or poor design, and physical or access security threats in the data center. The organization requires a detailed security component model to address these vulnerabilities, as outlined in the scenario’s framework.

Paper For Above instruction

Developing a secure and efficient internet banking system requires a strategic approach that integrates business, application, and technical architectures. The scenario provided by Michael Bishop involves designing a comprehensive architecture for an internet bank, emphasizing the importance of understanding the bank’s strategic goals and translating these into capable, secure technological solutions. This paper explores the multi-phased design process, key architectural considerations, potential risks, and security strategies that underpin successful implementation.

Business Architecture Phase

The initial step in creating an internet banking system begins with establishing a foundation in business architecture. This involves adopting a lightweight business architecture framework that aligns with the strategic objectives of the bank. Understanding the bank's core strategy is crucial, as it guides the development of a business capability model. These capabilities include customer management, transaction processing, compliance, security, and analytics, among others. Mapping value streams associated with these capabilities helps identify critical processes, such as customer onboarding, account management, online transactions, and customer support. The system matrix, which links capabilities to technological components, ensures that the architecture supports the bank's strategic goals efficiently. Additionally, this phase involves creating a roadmap that aligns transformation initiatives with capability clusters, prioritizing developments based on risk mitigation and business impact.

Application and Technical Architecture Design

Following the business architecture, the application architecture design focuses on selecting appropriate applications and middleware to support banking operations. This includes web banking applications, database management systems, and middleware for integration. The technical architecture then focuses on deploying the Web, Data Center, and networking components securely. The web layer involves browsers and web servers, which must be protected against threats such as system crashes, unauthorized access, and data breaches. The database layer needs rigorous security measures to prevent tampering, data loss, or corruption. The data center’s physical and access security protocols are vital to protect against disasters or unauthorized physical access.

Security Components and Risks

The scenario highlights critical security concerns tied to each component. Risks associated with web browsers include damage from malware or crashes, privacy breaches, and misuse of sensitive information (Pagano, 2012). Firewalls may be misconfigured or compromised, allowing unauthorized access. Web servers are vulnerable if they run unnecessary services or lack proper firewall protection, risking system failure or attack. The database is susceptible to tampering or design flaws that could lead to data breaches. The data center’s physical security must guard against disasters, theft, or unauthorized access.

To address these vulnerabilities, a comprehensive security component model must be implemented. This includes deploying advanced firewalls configured with proper policies, intrusion detection/prevention systems, secure web gateway solutions, and encryption protocols. Specific security measures, such as multi-factor authentication, regular patching, and monitoring, are essential to mitigate risks across all components. Physical security controls, surveillance, and disaster recovery plans further enhance resilience against physical threats.

In conclusion, designing an internet banking platform requires a holistic approach that aligns business strategies with secure technical architectures. The layered security model, addressing vulnerabilities at each component, is vital for safeguarding customer data and maintaining trust. Incorporating these principles ensures a robust, resilient, and compliant banking system capable of supporting modern financial services.

References

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• Santos, R., et al. (2015). Cybersecurity threats and countermeasures in modern banking systems. Journal of Financial Crime, 22(3), 318-331.
• ISO/IEC 27001:2013. Information technology — Security techniques — Information security management systems — Requirements.
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