Privacy Issues in the Banking Industry - 1946 Words

Introduction With the improvement of technology continuously growing every day, privacy has become one of the most important issues in today’s society. Privacy refers to one’s right to control how your personal information is collected and used by financial institutions. It is the financial institution’s responsibility to provide security to your personal information. Security refers to the obligation of the company that collects and uses your information to ensure that your information is safe against unauthorized uses (Privacy Rights Clearinghouse). For the banking industry, identity theft is a growing concern for customer privacy. Identity theft can occur anywhere including the internet. The technology of online banking is†¦show more content†¦The GLB Act, especially, was not designed to protect the consumers alone. Instead, I think it is designed to protect both the business and consumer world. From a business perspective, it is important to yield a net proftiprofit. When financial institutions share customer information with other affiliates, it is with an objective of money-making in mind. Hence to please the customer, the GLB Act added an â€Å"opt out† option to its regulations for consumers if they do not want their information to be shared. There is nothing else that a consumer can do to prevent financial institutions from sharing their information. This loophole within the regulations that do not fully protect consumer privacy and does not give the consumer total control over how their information is shared. The ability to protect one’s private information is limited. It places the burden on the consumer to protect their own privacy. And they only have one option, which is to â€Å"opt out†. With the GLB Act, banks and financial institutions are left on their own to develop an appropriate security program that is suitable to the business . In the end, there are no standards to decide whether the security program is suitable enough or not. The GLB Act alone only acts as a guideline for banks to follow to cover privacy concerns instead of a mandatory rule toShow MoreRelatedLegal Ethical and Regulatory Issues1479 Words   |  6 PagesRegulatory Issues The online banking industry is a growing and a continually evolving business. This paper will identify and describes the legal, ethical, and regulatory issues that impact online banking the Websites. Business ethics examines ethical rules and principles within a commercial context involved in e-commerce are faced with the same if not more legal issues as any other business; these issues include, but are not limited to jurisdiction, contract, and legitimacy in the banking. BanksRead MoreThe Banking Industry And Cloud Computing Essay1701 Words   |  7 PagesThe Banking Industry and Cloud Computing Banks are facing increased pressure to streamline their current processes and trim operating costs, while also responding to more demanding, digitally connected customers (Adams, 2012). Many banks are even looking at new technologies and IT delivery models such as cloud computing to help address these issues. Banks have many reasons to like the cloud, such as cost efficiency, standardization and consistency (Dragon, 2013). Banks are embracing the cloud moreRead MoreTechnologys Impact On Society1099 Words   |  5 Pages Date Technology’s Impact on Society in the Banking World Technology s impact on society has changed in many areas of our lives. Technology has changed travel, you can now book your own plane ticket without going to a traveler’s agency, schooling you can take classes online, and have access to doctors and medicine without having to leave your home. I chose to write about the topic of banking. With the help of technology banks are able to reach out to more customers and provide better servicesRead MoreThe Motivation Model857 Words   |  3 Pagesdecrease trust to adopt internet banking. People who are living in low income and developing countries such as Pakistan, Bangladesh and India have to deal with many problems such as poverty, corruption and weak legal structure, all of these problems will lead to distrust in their lives. Similarly, the technology that deals with finance and money is going to be difficult to adopt by people who lives in low income countries due to lack of trust. Trust on internet banking system and security h as to beRead MoreGlass Steagall Act For Banks And Securities1549 Words   |  7 Pages Glass-Steagall Act for Banks and Securities The banking and securities industries had regulations since the 1930s or earlier. The laws were there to help regulate and give depositors some security. For one reason or another, the law has been changed, updated or appealed. The Banking Act of 1933, known as the Glass–Steagall Act named after the Congressional sponsors: Senator Carter Glass, a former Treasury Secretary and Senator Henry Steagall (Heakal). The Glass-Steagall Act foresaw problemsRead MoreSecurity Threats That Bank Of America Faces Today846 Words   |  4 Pagescomponents of the web. Discussions on BoA safeguard against legal issues will be addressed followed by the types of social data that potentially cause problems for this bank institute. In conclusion, I will explain the legal, ethical, and regulatory requirements Bank of America utilize for the protection of the organization. Bank of America is a multinational banking institute and one of the most trusted in the banking industry. This organizations sole purpose is to protect the customer’s confidentialityRead MoreBig Data And Its Privacy Issues1452 Words   |  6 Pages BIG DATA AND ITS PRIVACY ISSUES BY KAVITA AMIT KUMAR â€Æ' Abstract: With growing technology and globalization, the volume of data is increasing day by day. Big Data world is drowning in data that is generated every day. Big Data provides us with valuable data and this in turn raise concerns how to maintain this data. Think about your daily data footprint. Say for example your every action on web is being monitored like website you visit, queries you make through search engine, all type of transactionRead MoreImportance Of It For Banks1095 Words   |  5 PagesImportance of IT for Banks Emerging new technologies have changed banking industry from paper and branch based to digital and networking banking services. Banks need IT for many reasons. They have to massive amount of information to provide better services and gain competitive over their competitors. Some previous and known roles of IT in banking system are listed below: E- Banking: A special kind of software GUI (graphical users interface) has enabled customers to access their bank detail anywhereRead MoreBeing The Chief Security Officer1107 Words   |  5 Pagesof client information leads to loss of privacy and also money when it comes to banks. In the field of health care HIPAA privacy rule has to be followed. This rule states that the patient’s information has to be disclosed to the people treating them that too only necessary amount of information has to be disclosed. To ensure that patient doesn’t feel uncomfortable about disclosing their information they have to aware about this rule. When it comes to banking. The user’s credentials must be availableRead MoreWebsite Group #3 – Companies Who Use Crm. Middleton (2017)1221 Words   |  5 Pagesnew volunteers with minimal IT involvement. (â€Å"American Red Cross,† n.d.) Governmental organization. The Malta Gaming Authority (MGA) is committed to promoting responsible playing and safeguarding players’ rights while fostering the growing gaming industry. Using the web-based portal, gaming operators will be able to monitor the exact status of their applications, which will bring greater efficiency and visibility to the process. In 2015, it became the first gaming regulator worldwide to offer direct

Connectivity And Network Security Connectivity - 2436 Words

Connectivity and Network Security 1. Introduction In this paper, we will look into three topics: connectivity, Menger s theorem, and network flows to further understand the application of connectivity such as network systems. In graph theory, connectivity is an important topic and can be applied to many different areas. By considering the connectivity of the graph(network system map), we will be able to see clearly the problems of the graph(the system), such as low-connectivity that may lead to the vulnerability of an attack. Once we know the properties of the graph(the system), we can determine or change how the graph is or should be. 2. Connectivity A graph G is connected if for all pairs u, v ∈ G, there is a path in G from u to v. Note that it suffices for there to be a walk from u to v. [Graph Theory, p. 9] A walk in G is a sequence of vertices v0,v1,v2,...,vk, and a sequence of edges (vi, vi+1) ∈ E(G). A walk is a path if all vi are distinct. [graph_theory_notes, p. 8] Figure 1 [Graph Theory, p. 9] A (connected) component of G is a connected subgraph that is maximal by inclusion. We say G is connected if and only if it has one connected component. [Graph Theory, p. 9] Figure 2 [Graph Theory, p. 9] 2.1 Vertex connectivity A vertex cut in a connected graph G = (V,E) is a set S ⊆ V such that GS:= G[V S] has more than one connected component. A cut vertex is a vertex v such that {v} is a cut. [Graph Theory, p. 17] Notation GS= G[V S] means that, given a subsetShow MoreRelatedWifi in Corporate Environments953 Words   |  4 Pagescomplicated and requires more than just a man or woman with a dream. Success in business is now reliant on the connectivity of their business to their local area, as well as, the global market place. Wireless connectivity (Wi-Fi) in the corporate environment is making this possible and beyond possible as it improves. In this paper we will see some pro’s and con’s of wireless connectivity in the corporate environment. Corporations are looking to go wireless for many different reasons. These rangeRead MoreGlobal SD WAN Case Study1200 Words   |  5 Pages (Partner Logo) PALO ALTO NETWORKS AND ARYAKA Secure Cloud-Delivered Global SD-WAN The Challenge With more than half of all enterprise WAN traffic moving to and from the cloud, global businesses are moving away from legacy architectures to SD-WAN technologies. Typically, cloud traffic was backhauled across the WAN to centralized firewalls to maintain security. Ensuring application performance over such a backhauled setup becomes a challenge. In addition, security is not scalable when the organizationRead MoreHow Is A Computer Network?873 Words   |  4 PagesHow to Define a Computer Network No matter how it is described or reported â€Å"computer network† continue being a difficult phrase to define. Computer IT technicians do not know how to approach to a regular person, and describe the operation of a simple computer networking . In the other hand, and this is also important, â€Å"regular normal† people seem not to care how important a computer network is, and what it really means. Maybe is because most of the time the computer network always is â€Å"behind the scenes†Read MoreEssay on New Billing Business Network Proposal891 Words   |  4 PagesNew Billing Business Network Proposal David Moser Strayer University CIS 175- Introduction to Networking My neighbor comes to me about a small startup billing business, he requires an information technology design specification that will meet a tight budget $5000.00. Included in the business requirements are two workstations, Internet access, one printer, multiple email addresses, basic security, and a maintenance cost ceiling of $200.00 per month. I have made the following proposalRead MoreProblems Associated With Network Infrastructure1420 Words   |  6 Pagesdata communication related acquisitions and operations matters, network traffic and communication media, network devices and endpoints, implementations and technical configurations. 17. Vigilant Total Cost of Ownership (TCO) and Return on Investment (ROI) calculations must be practiced for the network infrastructure devices acquisitions, and must exercise optimal utilization of acquired hardware resources. 18. Provisioning of network infrastructure resources must be simplified, limit the scope ofRead Morekudler fine foods risk management1362 Words   |  6 Pagestheir field, and much like most new technologies the use of wirelessly connected devices can pose a number of security concerns. The benefits of having connectivity throughout the enterprise can outweigh the security concerns that wireless technology can pose. There are certain steps that can be taken to mitigate most of the concerns of having wirelessly connected devices on the network and these steps will be touched upon along with some of the major threats. With the increase in data transferRead MoreIntegrative Network Design Project Part 3 Essay1147 Words   |  5 PagesIntegrative Network Design Project part 3 Student Name Course 27 October 2014 Professor Identify hardware and also software needed to secure your choice of networks against all form of electronic threats. A network that assists a workstation to link up with the other is called a Networking hardware. Whenever a business uses both routers and even firewall, the organization is guaranteed protection of both wireless and cabled networks which are used in the organization. Network hardwareRead MoreThe Impact of Mobile Devices on Cyber Security1132 Words   |  5 PagesThe Impact of Mobile Devices on Cyber security: The modern society including corporate environments has been characterized by the proliferation of mobile devices. The increased use of these devices is attributed to the significant opportunities they bring and their contribution towards enhanced communication. However, the increased use of mobile devices has been accompanied by considerable concerns regarding the privacy of personal information and sensitive corporate data that are stored on themRead MoreNetwork Product Development Company : Security Issue1280 Words   |  6 PagesIoT Integration in Network Product Development Company : Security issue –Critical Literature Review. Introduction: The Internet of Things (IoT) sometimes known as Internet of objects. Internet of Things later will change to Internet of Everything which includes education, communication, business, science, government, and humanity. The internet is one of the most important and powerful creations in human history (Evan, 2011). The high volumes of data generated by IoT and technologies for the similarRead MoreTechnology : Three Great Opportunities Created By Fiber Connectivity781 Words   |  4 Pages [h1] 3 Great Opportunities Created by Fiber Connectivity Meta description: Companies must explore ways of leveraging their fiber optic networks into initiatives such as cloud computing, unified communications, and data protection. While companies used to rely on copper cable, fiber optics has become the standard for business connectivity. Statista predicted that by 2018 the demand for fiber optic cabling will rise to 325 million fiber kilometers, a significant leap from the expected 280

Mary Shelleys Frankenstein and Ridley Scotts Blade...

Mary Shelley’s Frankenstein and Ridley Scott’s Blade Runner Comparison and Contrast Introduction Mary Shelley’s Frankenstein and Ridley Scott’s Blade Runner are two story lines created in a different era, Frankenstein being an early published novel on the creation of an experimental monster that longs to have a normal existence whilst Blade Runner is a more modern take to a future society where there have been genetically engineered robots named ‘replicas’ that are in appearance indistinguishable from human beings which choose to escape to the planet earth in search of extending their life spans. The comparison of similarities between the two stories begins with the most simple and obvious being the creation of as referred in the†¦show more content†¦To contrast the two stories is relatively simple; the two films share forms of differences in era and a basic human acceptance. Starting with era, Frankenstein is an early production/novel in which scientifically a creature is created and serves as a warning how something that could prove well in future can itself turn drastically wrong. This is also shown in the film Blade Runner providing a simplicity for humans turns wrong with the creation of the replica robots being ‘used’ as an ease in which they get sick of and in turn escape to humanity having only a 4 year life span in which they try to find a way to extend. This is different to Frankenstein’s approach choosing instead to learn of humanity and tries finding a way to be accepted instead of trying to merge and hide in humanity. The human acceptance between both films is significantly different but in turn not so much, Frankenstein for example is unaccepted because of his physical appearance and general attitude to the human community for their reactions against him, whilst the replicas from the film Blade Runner are accepted as they look and act alike to human beings which from a regular human their differences would be hard to distinguish. Frankenstein is unaccepted in humanShow MoreRelatedMary Shelleys Novel Frankenstein and Ridley Scotts Movie Blade Runner: A Comparative Analysis1193 Words   |  5 PagesBoth Mary Shelleys 1818 novel Frankenstein and the Ridley Scotts 1982 movie Blade Runner depict a bleak future about the fallen dreams of science. Blade Runner is based on a novel called Do Androids Dream of Electric Sheep by Philip K. Dick. Although Frankenstein was written a century and a half before Dicks book, the two stories share a similar dystopic vision of humanitys future. They also use similar ly structured storytelling to explain the impetus towards self-mastery and mastery over theRead MoreFrankenstein Blade Runnar Essay925 Words   |  4 Pagesmedia and compositional milieus, Mary Shelley’s novel Frankenstein (1818) and Ridley Scott’s film Blade Runner (1982) share ongoing anxieties regarding unrestricted technological growth and social decay. By examining these texts together as social commentaries which are shaped by their Regency and contemporary contexts, we come to a heightened understanding of human nature and its flaws. When considered together with Blade Runner, Shelley’s early 19thC novel Frankenstein reveals ongoing social anxietiesRead MoreTexts in Time Frankenstein and Bladerunner : )1400 Words   |  6 PagesModule A: Texts in Context â€Å"Mary Shelley’s values are still relevant to society today†. Discuss with reference to your knowledge of Blade Runner and Frankenstein. (1200 words) Frankenstein, Mary Shelley’s cautionary tale of science vs. religion was first published in 1818, in an increasingly secular, but still patriarchal British society, amongst the aftermath of the French and Industrial revolutions and a burgeoning scientific research scene. Upon the second release in 1831, the novel was greetedRead MoreMary Shellys Frankenstein and Ridley Scotts Blade Runner935 Words   |  4 Pagesâ€Å"Frankenstein† composed by Mary Shelley and â€Å"Blade Runner† directed by Ridley Scott Propose two of the most paramount science fiction stories as they don’t just pursue the logic of technological futurism but also present us with ideas about our humanity. Catalysed by their powerful contexts, both texts represent their common ideas, themes and values allowing us to fully appreciate their significance which continue to resonate throughout time. Despite being composed at different times, both FrankensteinRead MoreSimilar Ideas Presented in Blade Runner by Ridley Scott and Frankenstein by Mary Shelley 1469 Words   |  6 Pagesevident in the module Texts in Time; as Blade Runner, having been written more than one hundred years after Frankenstein is still able to reflect the ideas proposed in the latter. Blade Runner by Ridley Scott deals with the effects of globalisation and consumerism during 1980’s. Alternatively, the epistolary novel Frankenstein by Mary Shelley deals with the kinship to the natural world set in the Romantic Era and enlightenment period. However Blade Runner, although subjected by a different contextRead MoreModule a961 Words   |  4 Pagestexts may be fictitious constructs of composers’ imaginations, they also explore and address the societal issues and paradigms of their eras. This is clearly the case with Mary Shelley’s novel, Frankenstein (1818), which draws upon the rise of Ga lvanism and the Romantic Movement of the 1800’s, as well as Ridley Scott’s film Blade Runner (1992), reflecting upon the increasing computing industry and the predominance of capitalism within the late 20th Century. Hence, an analysis of both in light of theirRead MoreComparative Studies of Bladerunner and Frankenstein1157 Words   |  5 PagesCompare the ways in which texts offer insights into the human experience. Every text is a product of its time. In Mary Shelley’s â€Å"Frankenstein†, she uses the gothic horror genre to explore some of the concerns of her time relating to the use of science and technology and its impact on humanity. Similar concerns are also present in Ridley Scott’s â€Å"Bladerunner†, a futuristic text which combines science fiction and film noir to present a bleak view of a future world overrun by technology and consumerismRead MoreFrankenstein/ Blade Runner Essay989 Words   |  4 Pages‘Our interest in the parallels between ‘Frankenstein’ and ‘Blade Runner’ is further enhanced by the consideration of their marked differences in textual form.’ Evaluate this statement in light of your comparative study of ‘Frankenstein’ and ‘Blade Runner’ Textual form is an issue which divide many critiques and audiences. Some view texts as a form being superior and more expressive, whereas others may view film as to be losing its credibility of expression. Never the less it is adamant that throughRead MoreScientific Progression in Mary Shelleys Frankenstein and the Film, Blade Runner1184 Words   |  5 PagesMary Shelley’s â€Å"Frankenstein† is an early 19th century cautionary tale examining the dark, self-destructive side of human reality and human soul. It is written in the Romantic era where society greatly valued scientific and technological advancement. Throughout the novel, Shelley expresses her concerns of extreme danger when man transgresses science and all ethical values are disregarded. The implications of debatable experimentation and thriving ambition could evoke on humanity are explored in theRead MoreCorresponding Themes in Frankenstein and Blade Runner632 Words   |  2 PagesRidley Scott’s film Blade Runner reflects some of the key themes seen in Mary Shelley’s classic novel Frankenstein. For one, both the sources touch on the necessity of creators taking responsibility for their creations. Another key theme established in both works is the idea that emotional complexity and knowledge, over memory and appearance, allow people to be defined as human beings. Throughout the novel Frankenstein, author Mary Shelley builds upon the theme that one must take responsibility

Responsibilities of an HR Director

Question: 1: Describe the types of information typically found in a job specification? 2: Explain how you would conduct a job analysis? 3: Do you think companies can really do without detailed job description? Why or why not? Answer: 1. Different types of information available in Job Specification: Work Experience needed for human resource director job by XYZ Company is 5-6 years minimum in any recognized firm. Educational Qualification required is minimum candidate applying should be post graduate. Technical Skills, Knowledge required by candidate should have good knowledge of technical tolls required for making pay slips and deciding pays structure for every individual (Heathfield, 2015). Personal qualities of an individual candidate applying for above post should be good in team managing and quick decision maker. In terms of communication skills, candidate should have strong communication ability in both English and the regional language of that country. 2. Job Analysis process Step 1: Collect all the information about the human resource director post of XYZ Company. Step 2: Gather all the important competencies and skills required for performing the Human Resource Director Job. Identify and decided the performance level for human resource director post. Step 3: Analyze the roles and responsibilities of human resource director post of company. Step 4: Collect all the information regarding organization with the help of different charts and diagram (Longman, 2012). Step 5: Evaluate the job analysis report with the candidates. Step 6: Finally with the help of job analysis report develop job description and specification report. 3. Job Description importance in companies No company can work without creating proper job description because it helps in explaining the roles and responsibilities required for the job. Further, it also helps in relating the role of Hr director with other post of company. JD helps in creating a transparency in responsibilities of every individual. JD helps organization to remove the redundancy while distributing responsibilities. Every employees of organization are more productive if they are clear with their responsibilities. References Heathfield, S. (2015).Know Your Role: Responsibilities of an HR Director.About.com Money. Retrieved 9 March 2015, from https://humanresources.about.com/od/jobdescriptions/qt/specification_hr_director.htm Longman, T. (2012).Job. Grand Rapids, Micigan: Baker Academic.