Present a polished, formal research proposal.
• Provide your problem statement.
• Explain why it should be researched
• Relate the literature review to your problem or issue by evaluating and interpreting the information. Describe your process-including keywords you used in your search. At this time, you should review four to six quality readings/articles.
• Comment on whether you will collect primary or secondary data, and if you think you will be implementing a quantitative and/or qualitative approach to your data collection.
• What kind of questions should I pose on a questionnaire?
• Where and from whom will I collect my data? (E.g., will I survey friends in my LinkedIn account or will I access U.S. Census data?)
• What size sample should I and can I realistically obtain?
Problem Statement: Financial institutions are tasked to ensure security protocols are in place and their software is up to date to protect customer's personal information as well as their financial information. These institutions implement protection software that is supposedly designed to mitigate data breaches and hacks against its infrastructure. Yet a closer examination of various data breaches and hacks reveals that only implementing protection software does not fully protect a financial institutions information and infrastructure. Data breaches often occur even if these institutions have protection software in place and sometimes the breach can go unnoticed for months before the hacker's strike. Thus, unless the financial institutions provide more than software protection, a customer's personal information as well as their financial information is at a risk of being compromised. The intent of this research paper is to gather data from various financial institutions and develop a survey instrument to measure other types of security besides protection software that is currently utilized.