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Security Assessment Check For Premier Commercial Bank - Essay Example
Author : parisiandesmond
Design & Technology
Pages 13 (3263 words)
Research is done to give recommendations so as to minimize if not put to an end to all threats to Premier Bank’s state of security. Investigations were carried out in all areas of the bank operations through the use of interviews, physical inspection, work experience and the recent breach of security. …
In relation to the study the company which has been selected is Premier commercial bank as one of the largest asset financed bank in the region that has a broad customer base across the region. The bank deals in so many transactions and they are as outlined; depository transactions, withdrawal transactions, credit advancement services, Personal and business loan services, mortgages among others. In line with the mission statement, Premier commercial bank seeks to maintain proper custody and care of the client’s money at all times. This is done through ensuring that proper handling and correct security measures are complied with so as no to contradict our goal. Within the Bank there are certain sections that may be prone to security violation and they include: Automated Teller Machines, Mobile banking services, Internet banking, Electronic money transfers, physical building security, safety of cash in transit, Strong money room and the banking hall. All these are areas whose security has to be properly counterchecked at all times. The outlined areas are vulnerable and susceptible to vandalism. Recently there was an anonymous withdrawal at the ATM machines by an unknown persona that involved loss of huge amounts of money. Again many cases of theft of cash in transit to the Central bank were reported. These were also followed by sequence of fraudulent transfers of money to offshore accounts by the bank personnel. This was after a recent bank robbery scare within the branch. ...
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