Most importantly a company should protect their assets, specifically their credit cards and bank accounts. Credit cards and bank accounts are a common source of fraud and should be recognized as the most important advice to adhere to (Beesley, 2013, para. 5).Professionals recommend “separating your personal banking and credit cards from your business accounts – this will ensure fraudsters don’t get their hands on all your money. This will also make it easier to track your business expenses and report deductions on your tax return” (Beesley, 2013, para. 5). It is also recommended that credit cards are not shared with employees within the company. There are many advancements in technology that allow for reduced use of having to tote around …show more content…
8).
Forbes Magazine offers a recommendation for using a “dedicated computer for banking” (Beesley, 2013, para. 9). Individual personal uses of the internet are recommended to be abstained from on this computer. Online activity that should be avoided include “social media, email, and web-surfing which can open up the machine to vulnerabilities” (Beesley, 2013, para. 9).
Passwords are recommended to protect unwanted entry into secured systems (Beesley, 2013, para. 10). It is advised that passwords are changed periodically to avoid hackers breaching the system. Every three months is recommended. Also, never use the same password for all your passcode’s, in the event one is solved, all your accounts would be at risk (Beesley, 2013, para. 10).
Education is the foundation for success. This is true in every aspect of life, but within a company employees need to be educated in preventative tactics. Education of how to react to security threats are a great asset in the event of a situation where security is at risk (Beesley, 2013, para. 10). Enforcement of new rules and policies on how to handle “company confidential information, including financial data, personnel and customer information” is needed as well (Beesley, 2013, para. 11).
One major resource that companies have at their disposal is administering employee background checks when hiring a new employee. Employees are the motor of a company and are
The departments of a company that are holding personal information are required to have adequate security measures in place. Those include technical measures (such as firewalls) and organisational measures (such as staff training).
Security and ethical employees will continue to be a vital aspect of ensuring the success of an organization. There will always be a need for ethical IT security professional as hackers will continue to force organizations to make adjustments in their business models to protect their employees, data and customers. Many organizations and managers believe application security requires simply installing a perimeter firewall, or taking a few configuration measures to prevent applications or operating systems from being attacked. This is a risky misconception. By understanding threats and respect impacts, organizations will be equipped to maintain confidentiality, availability and
8. Which domain requires annual security awareness training and employee background checks for sensitive positions to help mitigate risks from employee sabotage?
Which domain requires annual security awareness training and employee background checks for sensitive positions to help mitigate risk from employee sabotage?
Independent Bank controls their workers internet, intranet, email, instant messaging and telephone system. In my opinion, employers should be a limited to what is considered acceptable shielding and be cautious of what
The issue with this practices is that there are employees who are not familiar with the use of pay cards or debit cards, they prefer going to the bank and cash a check of receive t...
According to Wallace Mcgee (2008), “IT Threats to organizational information come from outside as well as inside.” Insider threats can be just as guilty of attacking systems of security measures in place. This is why it is important to understand ways to protect a business even from employees. Having some safety nets in place may be very beneficial and save a company from having some unnecessary losses. A security company shutting down due to poor planning is not a best practice. Cognizance needs to happen before a facility is even built or an organization is up and running.
Being invited by the president of Joliet Junior College to help students who are being lured by credit predators on the myth that getting a credit card helps people to build their credits. We will use this opportunity to educate the audience on the concept of credit cards and its responsible use in order to avoid its snares. Furthermore, we plan on assisting the audience to gain insight on the rationale behind building good credit through borrowing. According to Tim Chen, the author of American Household Credit Card Debt, an article published in the year 2015, the average student loan debt is $31,946. He also states that there’s a total of $1.19 trillion in debt for student loans, which have increased 5.9% from last year. In this paper, we will discuss the myth of how students are being lured by credit card predators by assuming that getting a credit card helps people build their credits. We will also use this opportunity to define the concept of credit card and its responsible use in order to avoid its snares. Furthermore, alert the audience of other ways to build credit such as through borrowing and getting students loan in less interest rate from the bank.
Companies are prone to more threats to their information now more than ever before. With employees having the capabilities to access the company’s network both in and out of the office, increases the potential that information or the access to information may end up in the wrong hands. It is because of these threats that companies create and enforce network security policies.
In the situation presented, credit cards and their implications are the principal topics at hand. Represented in the corporate credit card case is a major regional bank holding company identified as X-Bank. Recently, the company opted to expand its business by developing new products and services that would increase its revenues and profits. As a result, they elected to affiliate with VISA International and introduce the “corporate card.” With this plan, corporations would be able to provide their employees these cards to use
Financial institutions have become increasingly focused on cybersecurity in recent years. Regardless of the institution's size, most staff members understand that it is critical to protect customer data and are aware of the issues that could arise if a breach occurs. However, at small banks and credit unions, many employees have not received sufficient training to detect, prevent or respond to an incident.
Most importantly a company should protect their assets, specifically their credit cards and bank accounts. Credit cards and bank accounts are a common source of fraud and should be recognized as the most important advice to adhere to (Beesley, 2013, para. 5).Professionals recommend “separating your personal banking and credit cards from your business accounts – this will ensure fraudsters don’t get their hands on all your money. This will also make it easier to track your business expenses and report deductions on your tax return” (Beesley, 2013, para. 5). It is also recommended that credit cards are not shared with employees within the company. There are many advancements in technology that allow for reduced use of having to tote around an actual credit card, for example, bills can be paid in advance online (Beesley, 2013, para. 6). Along with online bill pay, e-statements have also become available as well. If online
The connection between our company’s network security and end users is clear with data that has been reported. We should not only provide antivirus software, but create an education program emphasizing prevention, detection and adopting a “security” way of life. Everyone, at all levels, is responsible for our security.
Most importantly a company should protect their assets, specifically their credit cards and bank accounts. Credit cards and bank accounts is a common source of fraud and should be recognized as the most important advice to adhere to (Beesley, 2013, para. 5).Professionals recommend “separating your personal banking and credit cards from your business accounts – this will ensure fraudsters don’t get their hands on all your money. This will also make it easier to track your business expenses and report deductions on your tax return” (Beesley, 2013, para. 5). It is also recommended that credit cards are not shared with employees within the company. There are many advancements in technology that allow for reduced use of having to tote around an actual credit card, for example, bills can be paid in advance online (Beesley, 2013, para. 6). Along with online bill pay, e-statements have also
The banking sector is thus one of the most critical areas in business engagements, since it directly handles private customer information, account transactions, payments, loans, account transfers and balances, images of checks and statements, and much more. All these information is stored in computers and files where they can be easily viewed unless a well-authored and detailed security system is in place. While banking business is expected to ensure efficiency and safety for customer information, it is also supposed to provide a simple and user-friendly system of information sharing. According to (Ballad,