Due Tuesday, October 5, 2004, by 11:59 pm (Eastern)
Prepare a short research paper of approximately five (5) pages, 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 can be inserted at the appropriate location rather than added at the end. Submit the paper in your assignment folder as a Word attachment with the following file name:
(For example, my submission file would be called MadisonMBT.doc)
If you are unable to virus check your document, please submit as an rtf file rather than as a doc file. Please do not use macros in your document.
Sandra, a high net worth customer, banks on-line at Megagargantuan Bank and Trust (MBT) and has agreed to use 3DES in communicating with MBT. One day, Sandra received a statement showing a debit of $1,000,000 from her account. On inquiring, she was told that the bank manager, Janet, transferred the money out of Sandra’s account and into an account of her own in an offshore bank. When reached via long distance in the Cayman Islands, Janet produced a message from Sandra, properly encrypted with the agreed upon DES keys, saying: “Thanks for your many years of fine service, Janet. Please transfer $1,000,000 from my account to yours as a token of my esteem and appreciation. Signed, Sandra.”
Sandra filed suit against Janet, MBT and the government of the Cayman Islands, claiming that the message was a forgery, sent by Janet herself and asking for triple damages for pain and suffering. MBT filed a countersuit against Sandra, claiming that all procedures were followed properly and that Sandra is filing a nuisance suit. You are called in as an expert witness on the cryptographic issues of the case.
Explain to the Court:
What can be determined from the facts as presented about whether Sandra intended to make Janet a gift of $1,000,000.
Assuming MBT wishes to continue using 3DES as its cryptographic system, explain what MBT and Sandra could have done to protect against this controversy arising.