Vincent Cooper_IT 202 Project Two Milestone

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Southern New Hampshire University *

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Feb 20, 2024

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1 Vincent Cooper Project Milestone Two Southern New Hampshire University DAT-223-R2206 Gathering Refs/Collecting Data Sisay Teketele August 23, 2023 1

2 Project Milestone Two Client: La Banca Central Bank Problem Statement: The rise in fraudulent activities within banks poses a significant threat to consumers' personal data and accounts. To prevent fraud, La Banca Central Bank aims to proactively identify these activities beforehand. The organization is dedicated to understanding the banking methods that are commonly linked to such fraudulent activities, particularly wire transfers, purchases, and withdrawals. While prioritizing customer privacy, the bank strives to maintain a competitive edge. Research Questions:  What can La Banca Central Bank do to provide Its customers with a more secure banking experience?  What security measures do you think would be appropriate to implement to ensure our customers’ information remains secure?  What do you think the impact would be if we were to implement new security measures to keep our customers’ banking and personal information secure? Success Criteria: To ensure success in meeting the client’s and stakeholder’s needs, La Banca Central Bank will need to focus on identifying signs of fraud quickly and efficiently. We can do so by first identifying the types of transactions that are commonly linked to fraud and developing a system that can automatically ping these transactions. Types of Data to Collect: Both quantitative and qualitative questions should be asked because they both provide a way to identify and fully comprehend the possible multiple ways to improve the bank’s security measures. Quantitative questions will provide evidence for my resolutions which will also help in quickly and efficiently identity potential fraudulent behavior as well as preventing them. Qualitative questions provide an understanding of fraudulent behavior from multiple perspectives by focusing on asking customers and the fraud department of the bank these types of questions. Project Milestone Two 2

3 Quantitative Variables of Interest/Qualitative Units of Analysis: The independent variable in reference to the quantitative data are the transactions that happen within the bank and its customers. The quantitative data’s dependent variable is the number of daily transactions. The relationship between these two variables is that the transactions within the bank would lead to the number of daily transactions. You can directly get the information of the dependent variable from the independent one. The unit of analysis would be individual qualitative data which is customer data including their transactions and the types of transactions they make. The analysis of these forms of data will aid the bank in identifying the types of customer transactions and what would, on average, be fraud transactions. 3

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