Why Information Security Management Is Important For Payday Lending Business
Laquinta Denise Mason
A Prospectus Presented to the Information Technology College Faculty
Of Western Governors University
In Partial Fulfillment of the Requirements for the Degree
Master of Science in Degree Area
3/14/2014

Abstract

The purpose of this project was to ensure the client is compliant with the requirements specified by the Grahm-Leach-Bliley Act. Information is what drives business today and if the information is not available or reliable then the business cannot function. Most customer’s information, financial records, medical records, and sales records are stored on computers today. Clients and the government expect business to maintain the availability, integrity and confidentiality of their information. The project was created to address the importance of Information Security Management and compliance for businesses in the financial sector. ABC Loans are a small independently owned payday loan company. The client was concerned about the recent penetration of local business networks and wanted me to perform an assessment on his network and determine the vulnerable areas of his networks and the recommendations for making it more secure and GLBA compliant; now that the assessment is completed the client is aware of the vulnerabilities and the areas where they are not meeting GLBA requirements.
My capstone will focus on the steps that will assure compliance for (ABC Loans). Payday loan companies are regulated by the Federal Deposit Insurance Corporation, and they require that financial institutions adhere to their guidelines. The points I will focus on are as follows: • Business/IT problem under investigation: Payday loan companies must comply with the Grahm-Leach-Bliley Act (GLBA). Another name for the GLBA is the Financial