Please see attached file for instructions

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>Short Research Paper #

1

Short Paper #1 due

11

:

5

9

pm (Eastern), Sunday, Last day of Session

6

Prepare a short research paper of maximum of

15

00 words, double-spaced, exclusive of cover, title page, table of contents, endnotes and bibliography. Your paper must use APA formatting with the exception that tables and figures (if used) can be inserted at the appropriate location rather than added at the end. Submit the paper in your assignment folder as a MSWord attachment with the following file name: last name first name_
Short Paper 1 INFA6

4

0 For example, my submission file would be called Pathak Divaker_ Short Paper 1 INFA640

You should have at least

3

non OER references

Assume the following incidence occurred before the US government had tax treaties or financial information exchange treaties with the Cayman Islands

Agnes, a high net worth customer, banks on-line at First National Bank (FNB) and has agreed to use 3DES in communicating with FNB. One day, Agnes received a statement that shows a debit of $1,000,000 from her account. On inquiring, she was told that the bank manager, Bill, transferred the money out of Agnes’s account and into an account of his own in an offshore bank, Cayman Island. When reached via long distance in the Cayman Islands, Bill produced a message from Agnes, properly encrypted with the agreed upon 3DES encryption, saying: “Thanks for your many years of fine service, Bill. Please transfer $1,000,000 from my account to yours as a token of my esteem and appreciation. Signed, Agnes.”

Agnes filed suit against Bill, FNB and the government of the Cayman Islands, claiming that the message was a forgery, sent by Bill himself and asking for triple damages for pain and suffering. Bill has responded by claiming that all procedures were followed properly, and that Agnes is filing a nuisance suit. You have been employed by FNB board as consultant to assist in the investigation of this matter and produce a report for the FNB Board of Directors, which will assist them in determining how to proceed in this matter.

Your report to the Board of Directors should address the following issues:

· What can be determined from the facts as presented about whether Agnes intended to make Bill a gift of $1,000,000? Conclude and support your conclusion.

· Assuming FNB wishes to continue using only 3DES as its cryptographic system, what could FNB and Agnes could do to protect against this controversy arising?

· Would this controversy have arisen if FNB had been using AES rather than 3DES?

· Should FNB contest the suit?

· What is/are the critical issue(s)?

Your report should clearly address above points, with sufficient detail and background to allow the “cryptographically challenged” Board of Directors to understand the issues involved and formulate plans for how to approach the immediate issue with Agnes, and to continue business in the future, assuming that they want to continue using 3DES.

Rubric

Issue

Deduction

Note: For issues 9 to 16, points less than max will be deducted for addressing the issues partially