Linux Security

Internet banking refers to an online facility which provides an alternative channel for delivering banking or financial services and enables individuals to access their accounts anytime and anywhere through a bank’s web site (Z. Liao, Z., and M. T. Cheung, 2012). In other words, online banking named as E-banking, internet banking or virtual banking. Generally, the operation of online banking is connect to the core banking system designed by bank and then contrast to branch banking which refer to traditional way of bank customers accessed to banking services. Nowadays, internet banking is one of the most important businesses in electronic business around the world (Ariff et al, 2012). Most of the conventional banks have to operate and provide the online banking service to their customers as needs by

The threats and opportunities in the e-banking line are increased due to the introduction of internet. The threat of e-banks and the point of equality concept are very highly used by the current competitors. There are rivals such as CIMB clicks, Hong Leong online banking and many more which cause Maybank2u.com unable to monopolize the market. As a consequence, the customers can exchange brands easily. Moreover, the customer of Maybank are likely to concern with the safety matter of online banking. They prefers to do transaction in the classic ways more than online banking due to their lacking of confidence toward security and safety matter of online banking. They are scared of hacker that might intercept their information. But other than that, the bank may significantly affected by the present macroeconomic situation across the global and adjustment in economic policies in South East Asian countries. This happened because Maybank’s goal is to widen Islamic business in markets such as Singapore and Indonesia as part of their target on the ASEAN

When you drive up to your bank or walk up to your teller, your main goal is to complete your transaction and move on with your day. The last thing on your mind is how that transaction is taking place. You don’t care what happens behind the scenes as long as your money is where it needs to be and is safe. As the banking and finance industry has transformed, so has the process of how your money is handled. To accompany those changes, regulators and lawmakers create laws designed to protect consumers, banks, and the economy as a whole. As you will learn, the history of the banking industry has changed drastically over the last two thousand years and even more so in the last century with the advance of technology. It only makes sense that those lawmakers must continue to update and invent new regulation to further protect those interested parties. My goal is to demonstrate just how rapidly and radically the finance industry has changed and how new elements being introduced to finance and banking will adapt the industry and the regulation.

When developing McBride Financial Services Security Policy, it's important to consider the various aspects of the firm's customer base. Generally, the organization's customer base is made up of professionals from an affluent demographic, retirees seeking for mortgages, and families that want to buy a home (Rodgers, 2010). While the customer base consists of a diverse range of people with different needs, these people are well-educated individuals. As a result, the organization's customer base is extremely cautious about personal

The third case where the no access level could be applied in this business is customers and other third parties having access to computer passwords. Having access to this information is a potential threat to the bank because this can enable them in accessing crucial information about the bank. In some instances, some customers could log into the bank’s system and credit their accounts with huge sums of money. This will plunge the bank into huge losses that could lead to its closure. Furthermore, the bank can warn customers against sharing bank account information with other people. In case the credit card of a customer gets lost, the customer will be at risk of losing his or her money if a person who knows details of the card gets access to it.

dynamic websites and discussion boards. It gives flexibility to add & manage different types of

Secure Banking System (SBS) is a dynamic web application which assists secure banking transactions and user

(Federal Financial Institutions Examination Council,2003). The usual E-banking services provided by banks are account management; bill payment and presentment; new account opening; consumer wire transfers; investment/brokerage services; loan application and approval; account aggregation; cash management ; small business loan applications, approvals, or advances; commercial wire transfers; business-to-business payments; employee benefits/pension administration etc. Online banking or E-banking has spread around the world and has become common these days. In general, banking services have changed over the past three decades to meet the consumers’ needs (McKinsey & Company, 2012); at that time, when the consumer needed money for purchases or to make a transaction, he needed to go to the bank by himself during the bank hours and perhaps waited in a long line to meet a human teller to implement his transaction. Nowadays, due to the E-channels that surfaced with the development of technology and the Internet, the processes of banking have changed. The consumer can make a transaction from one account to another while sitting in his couch anytime and anywhere.

In order to build relationships with its customers FIR needs to step away from the mind set that the use of the internet is no longer dominated by males and the women and older generations are moving towards the use of computers and handheld devices to conduct business. Fir needs to focus on internet security and protecting the interests of its clients and that the market is more competitive, “brick and mortar” banks have become more competitive in the use of internet banking along with the provided customer service.

Financial Institutions like Bank Solutions Inc. are required to meet the standards regulated by the government to avoid mismanagement of sensitive information. These regulations are solely purposed to mandate financial institutions to protect confidentiality, availability and integrity of individuals, information systems and processes. Some of the applicable regulations and standards are elaborated below:

In this essay I will be writing about Online Banking, its use, how it evolved, impacts and how it benefited the global businesses. In late 1980s, the term online banking became popular. But in 1990s, the financial institutions implemented the online banking services. Initially it took some time to adopt the customers to do monetary transactions through online banking. Afterwards, with increasing use of computers, internet and World Wide Web, banks introduced new form of banking called Online Banking. It is a service from a bank to perform banking transactions through internet. Transactions like paying bills, transferring funds, applications and payments over loans & mortgages, accounting statements viewing, viewing account’s transaction history, looking for products and services provided by banks, getting answers of queries instantly.

In the workplace today there are many different options for operating systems be they providers of server related services or end-user desktops there is a different Linux distribution for many different applications. There are also a number of advantages and disadvantages to adding onto or switching network operating systems within a company. In the following pages I

“Chroot jail is a UNIX feature that creates a limited sandbox allowing a process to view only a single sub-tree of the file system.” “In order for it to work properly, some common programs and libraries need to be copied or linked to the appropriate locations in the new directory tree.” (Haas)

Linux is a trademark owned by Linus Torvalds [1]. It is an operating system which is powerful, free and inexpensive to own based on UNIX [1]. It is a POSIX-compliant with versions available to install in cell phones, supercomputers and most computing systems [1]. Linux is an open source program as its source code is available to the general public for use and the right to modify from its original design without any charges [1]. New code will be added to the next version made available with Linux if it is accepted as a universal improvement [1]. The code will continue to exist and developed by the user even if the company fails [1]. Moreover, updates for Linux are available every six months [1]. Nowadays, Linux is in constant development by

Firstly, the internet banking userid and the password provided to a customer is purely static. If this confidential information is the in the hands of an intruder, online banking systems doesn’t even check for the