1. Anna Financial Services Inc., located in Araneta Center, Cubao City, is a company that provides financial advice to individuals and small to mid-sized businesses. Its primary operations are in wealth management and financial advice. Each client has an account where basic personal information is stored on a server within the main office in Cubao City. The company also keeps the information about the amount of investment of each client on a separate server at its data center in Ayala, Makati City. This information includes the total value of the portfolio, type of investments made, the income structure of each client, and associated tax liabilities. In the last few years, larger commercial banks have started providing such services and are competing for the same set of customers. Anna, which prides itself in personal consumer relations, is now trying to set up additional services to keep its current customers. It has recently upgraded its Website, which formerly only allowed clients to update their personal information. Now clients can access information about their investments, income, and tax liabilities that are stored at the data center in Makati City. As a result of previous dealings, Anna has been given free access to use the computer room of an older production plant. The company believes that this location is secure enough and would keep the data intact from physical intruders. The servers are housed in a room that the production plant used to house its legacy system. The room has detectors for smoke and associated sprinklers. It is enclosed, with no windows, and has specialized temperature-controlled air ducts. Management has recently started looking at other alternatives to house the server as the plant is going to be shut down. Management has major concerns about the secrecy of the location and the associated measures. It wants to incorporate newer methods of physical data protection. The company’s auditors have also expressed a concern that some of the measures at the current location are inadequate and that newer alternatives should be found. Questions: a. Discuss why the auditors of Anna expressed their concern that some measures of the current location are inadequate and that newer alternatives should be found. Justify your answer in no more than five (5) sentences. b. Give at least two (2) essential practices and policies of Anna that contribute directly to the security of the computer server. Discuss how each of them is applied in no more than five (5) sentences.
1. Anna Financial Services Inc., located in Araneta Center, Cubao City, is a company that provides
financial advice to individuals and small to mid-sized businesses. Its primary operations are in wealth
management and financial advice. Each client has an account where basic personal information is
stored on a server within the main office in Cubao City. The company also keeps the information about
the amount of investment of each client on a separate server at its data center in Ayala, Makati City.
This information includes the total value of the portfolio, type of investments made, the income structure
of each client, and associated tax liabilities.
In the last few years, larger commercial banks have started providing such services and are competing
for the same set of customers. Anna, which prides itself in personal consumer relations, is now trying
to set up additional services to keep its current customers. It has recently upgraded its Website, which
formerly only allowed clients to update their personal information. Now clients can access information
about their investments, income, and tax liabilities that are stored at the data center in Makati City.
As a result of previous dealings, Anna has been given free access to use the computer room of an
older production plant. The company believes that this location is secure enough and would keep the
data intact from physical intruders. The servers are housed in a room that the production plant used to
house its legacy system. The room has detectors for smoke and associated sprinklers. It is enclosed,
with no windows, and has specialized temperature-controlled air ducts.
Management has recently started looking at other alternatives to house the server as the plant is going
to be shut down. Management has major concerns about the secrecy of the location and the associated
measures. It wants to incorporate newer methods of physical data protection. The company’s auditors
have also expressed a concern that some of the measures at the current location are inadequate and
that newer alternatives should be found.
Questions:
a. Discuss why the auditors of Anna expressed their concern that some measures of the current
location are inadequate and that newer alternatives should be found. Justify your answer in no
more than five (5) sentences.
b. Give at least two (2) essential practices and policies of Anna that contribute directly to the security
of the computer server. Discuss how each of them is applied in no more than five (5) sentences.
• Practice/Policy I:
• Practice/Policy II:
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