Unfilled Niche in the Banking Services Market Custom Essay

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To fill a uniquely unfilled niche in the banking services market, investors have founded the First Lottery Winners Savings Bank and Brokerage, to serve the needs of regular people who are utterly unprepared for sudden wealth. They wish to provide all banking services on-line to its customers. These services also include the on-line use of credit cards for loan applications. The organization estimates over $100,000,000 a year in on-line credit card transactions for loan applications and other financial services.

A task team has been formed to study the cost, performance, and security of maintaining a Linux server and open source infrastructure. According to rough estimates, annual cost savings in licensing fees alone can be up to $4,000,000. At the same time, the confidentiality, integrity, and availabilty triad perspective needs to be taken into account for infrastructure maintenance.

The task team has engaged a network engineer with the network and routing design. The team has determined the following server services that would be needed to support the online transaction infrastucture:

A database server
A Web server
A file server
A SMTP (Simple Mail Transfer Protocol) server
A LDAP (Lightweight Directory Access Protocol) server

All servers would be physically located in a third-party data center.

I need to do the following….

Understand the business need of First Lottery Winners Savings Bank and Brokerage
Point out specific legislation and regulations that meet the statutory compliance criteria

Access the feasibility of Linux and open source infrastructure in handling security demands listed by the legislation and regulations Make recommendations to model a tiered architecture for the proposed online transaction in a Linux-based infrastructure. Identify a suitable security framework that forms the basis of your recommended security policy, providing a valid rationale for your recommendation Research and evaluate various open source software for each server considering the stability and security of the software. Recommend open source software for each server and explain reasons for selecting each software

Create a professional summary report detailing the execution of each task. Create a MS Word 07 with standard APA document specifications (double-spaced, serif font (e.g. Cambria, Times New Roman, Garamond, etc.) 12 point, 1 inch margins all around).

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