The Importance of Digital Security Essay Example | Topics and Well Written Essays - 3500 words

The Importance of Digital Security - Essay Example The most essential need of every single organization is the digital security. Most importantly, the effective internet security has become a dire need for any kind of organization, small, medium or large which use the information technology and web based services to carry out their work in an easy and effective manner. As these organizations depend upon the internet, the implementation of internet security and monitoring of networks inside the organization has increased dramatically. The risks of security have increased to a great extent after the launch of broadband internet. Now-a-days, the home users and professionals, both are using this kind of internet connection. The different companies, be it private, public, non-government organizations, they all are depending upon the internet for the exchange of information. Internet also serves as the major means of communication between different channels. The risks of leakage of information and hacking of security have increased with th e dependency of organizations on the internet. KINDS OF THREATS Based on the goals and purposes of the attacks on any digital system, the threats can be categorized as STRIDE. It is an acronym which categorizes different types of threats. STRIDE stands for: Spoofing It gains access to a system by using a false identity. It can be done by using stolen user credentials or using a false IP. Tampering As data flows between two computers, it can be altered in an unauthorized manner. Repudiation These attacks are difficult to prove as the users deny that they performed any specific action. Information Disclosure When private data is unwontedly exposed, it is called information disclosure. Denial of Service It is the process that makes a system or application unavailable. Elevation of Privilege It happens when personnel with limited privileges takes up the identity of a privileged one, and performs certain privileged actions (McClure & Kurtz, 2009). Network Threats Routers, switches and fi rewalls make up the infrastructure of network. They are the gatekeepers that guard the system and applications from intrusions and attacks. The networks threats are as follows: i. Information gathering ii. Sniffing iii. Spoofing iv. Session Hijacking v. Denial of Service Information Gathering The attackers or hackers first scan the ports. After the identification of the ports, they detect the types of devices, operating system and versions of

Financial Services Essay Example | Topics and Well Written Essays - 1750 words

Financial Services - Essay Example Limited equity financing is used by most of the small or growth stage businesses. Whereas in debt financing, funds pour in from different quarters like from friends, relatives, etc. Venture capitalists are the most common source of equity funding. Venture capitalists may be institutional risk takers, financial institutions, wealthy persons, etc. and most of them specialize in industries. Venture capitalists are risk takers and show interest only in three to five year old companies that result in more than average profits. These venture capitalists are called as investment gurus whose interest lies in those companies that have major regional and national concerns. Commercial finance companies, financial institutions, banks, savings and loans, Lloyds Bank small business, etc. are some of the sources for debt financing. Because of their positive impact on the whole economy local and state government encourage the growth of the small companies. In debt financing additional funds comes from friends, family, relatives, and industry colleagues, etc when capital investment is smaller. Generally banks formed as a major source for loans for the establishment of small businesses. Banks don't offer long term loans to small firms instead they grant short term loans for machinery and equipment, they also offer demand loans to small firms that reduces the risk of leveraging the funds available. The Income Statement presents the summary of the income earned and the expenses incurred during a financial year. Position statement presents the financial position of the business at the end of the year. b) Financing One of the frequent reasons of business failure is poor management and insufficient and poor management of financing comes second1. For starting or relocating or expanding a business sufficient capital is required. Having good financing is not enough in attaining profits; proper knowledge and planning are required to manage it well. These help in strengthening the management of financing and avoid common mistakes like miscalculating or underestimating the cost. The Income Statement presents the summary of the income earned and the expenses incurred during a financial year. Position statement presents the financial position of the business at the end of the year. By Financial Statements, we mean two statements - (i) Profit and loss A/c or Income Statement, and (ii) Balance Sheet or Position Statements. These are prepared at the end of a given period of time. They are indicators of profitability and financial soundness of the business concern. Thus, analysis of Financial Statement means establishing meaningful relationship between various items of the two financial statements, i.e., income statement and position statement. Applying for a loan Loan application should be well written, so that the reader could get a clear picture of what your plans are. The presentation should be of the best quality in the initial loan proposal and application. Only industry specific details should be included so that reader can easily understand. Earning capacity or profitability The overall objective of a business is to earn a satisfactory return on the funds invested in it. Financial analysis helps in ascertaining whether adequate profits are being earned on the capital invested in the