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mod/quizlemp.php allem-17927acmid=14153b&page=1/ Gmail YouTube Maps in ICT203 0221 ming 5 Cyber Security T221 18 3...

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mod/quizlemp.php allem-17927acmid=14153b&page=1/ Gmail YouTube Maps in ICT203 0221 ming 5 Cyber Security T221 18 3 ABC company which is active in construction has made extensive use of online banking and automated dearing house (ACH) transfers which is an electronic funds transfer system that facilitates payments in the U.S. Employees logged in with both a company and user-specific ID and password. Two challenge questions had to be answered for transactions over $1,000. The owner was notified that an ACH transfer of $10,000 was initiated by an unknown source. They contacted the bank and identified that in just one week cyber criminals had made six transfers from the company bank accounts, totalling $550,000. out of question a) How the attack could be performed? Explain it (3.5 marks) b) What lessons do you learn from this incident? (4 marks)

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