Assignment
For this assignment follow the specific scenario below and then provide a 4-5 page Memo using MS Words Memorandum template to Executive Management concerning the response to the 3 questions being asked.
Scenario: The scenario presented to your forensics team will be related to a financial crime and fraud perpetrated against a financial institution called CB Federal Credit Union. An employee of this bank received an email with malware attached. Upon opening the attachment, the bank employee activated the malware backdoor. Once in the network the malware searches the network, finds the administrative laptop, embeds the infection and records all financial activity. The attacker then intercepts a clerk's screen and then replicates all the admin's behavior for the bank's cash-transfer system. The attacker alters balances and pockets the remaining money. The attacker then uses online and e-payments to transfer all the extracted funds. Respond to the questions below, and prepare the Memo to management on how this case will be handled.
Memo requirements:
I. Provide Memo header: To: Executive Management, From: Digital Forensics Team, Subject: Bank Fraud Case, Date: [Current Date]
II. Provide Introduction to case: Describe the case scenario and overview of what activities the Digital forensics team will perform.
III. Question 1: As the primary bank investigator, what sources of evidence will you exploit in order to retrieve evidence of this fraudulent activity?
IV. Question 2: What digital forensics tools (ex., Encase) and Fraud detection tools (ex., Clearsale, Signifyd) and related procedures can be used to retrieve and analyze the bank fraud evidence? Provide a response for both one digital forensics tool and one fraud detection tool.
V. Question 3: What are the federal laws applicable to the Bank Fraud and the possible penalties applicable in this case? (1 pages)
VI. Conclusion: Describe what will be accomplished once the investigation is done and the intended products to be given to bank management with references