You are to provide a security architectural design for a new, internet-based bank that you are…

You are to provide a security architectural design for a new, internet-based bank that you are setting up,

having been granted a banking license under the new “No More Squirrelling” legislation recently passed

by the Federal Government.

The requirements for this design are described below.

Because you are dealing with a bank, a number of security concerns at various levels need to be

addressed in your architecture:

1. Compliance with federal and state legislation,

2. Public confidence in your enterprise by providing confidentiality, availability and integrity of

customer data,

3. Privacy of customer data,

4. Interoperation with other financial institutions, both nationally and internationally,

5. Compliance with international standards,

6. Security of all bank assets,

7. Current trends in customer engagement via the internet

Your design needs to deal with enterprise architectural issues relating to application security,

platform/OS security, network security and storage security.

The decision has been made to run the bank’s IT operations in a Cloud environment.

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