The Challenges For Data Security Faced by Firms and Their Customers Working and Trading Online

     Data security is a huge responsibility for firms which indulge in online trading. There are various ways in which security can be breached, enabling hackers to access sensitive data. A study in America, found that when a company's security is breached online, its market value drops 2.1% within 2 days of the announcement of the breach, and average loss of $1.65billion (The Effect of Internet Security Breach Announcements on Market Value: Capital Market Reactions for Breached Firms and Internet Security Developers). Credit card fraud has increased 29% in the past year, according to a report by the Association of Payment Clearing Services (Apacs), the fraud being via phone, mail and internet. Clearly there are several challenges faced by firms in order to keep data secure and to keep the trust of their customers. Online security is defined as, "...the protection of assets on the Internet from unauthorised access, use, alteration, or destruction". There are two types of security, physical and logical. Physical security includes guards, fireproof doors, security fences etc. Data security on the internet, obviously deals with logical security.

Identity Theft Online - How Does it Happen?

  Identity theft is generally a bad thing that happens to good hard-working people. technology makes it easy for thieves to steal your identity. There are several methods used by these thieves to steal your identity. The most common methods include phishing, and credit card offers. If you are not wise to the use identity theft methods, then you may easily become a victim of identity theft. it is for this reason that learning about identity theft is extremely important.

The Truth About Online Credit Card Applications

   We have all been the victims of junk mail and e-mail. If you look at the junk mail that we receive each and everyday, you will probably find out that about 30% of the junk mail/e-mail that we receive are credit card offers. Credit card companies are master of their domain - direct marketing. But in the past few years, the financial industry is using technology to attract and retain more customers. Credit companies are no exception here as they have created Internet marketing channels to acquire customers online.

Beware of Online Casino Phishing

Online casino has become quite popular around the globe. More and more people are joining online casino networks just to play their favorite casino games. After all, if you don't have time to visit your favorite casinos, then the next best thing is the online casino at your home. You don't have to go far just to gamble, play your favorite game, and try your luck. You don't have to drive and dress up because online bingo is just sitting and waiting for you at the safety and convenience of your home. But is it really safe?

Online Accounting Services: Security Considerations

  Accounting is an important part of any company. No company can survive without managing its finances properly. Financial accounting services help in managing the financial transactions of a business. Technology has advanced considerably in modern times. The services can be availed online. There are many benefits to availing these services. You save time, space, and money. Hiring such services will enable the company to concentrate on the main business. Specialized agents work on handling the high profile information. You can expect higher accuracy and quicker results. It is advisable for small and medium business owners to go for such services instead of maintaining an in house team of professionals.