The Impact of Cyber Attacks on the Banking Industry

 

There have been increasing numbers of cyber attacks reported in recent years across all industries and it is costing the United States an absolute fortune in cyber security. Obama announced that $19 billion  was to be dedicated to the ongoing fight against cyber criminals, highlighting the gravity of the threat it now poses to businesses and even households.

In 2016 there were widely reported attacks on PayPal, Twitter and Spotify to name a just a few of the big companies that have been targeted. The number of cyber attacks across the world is increasing and businesses are spending more and more money in deterring the crime.

Banking Sector Most at Risk

Of course, the banking sector is one of the industries that are most at risk, given the nature of the data that they hold. This means that banks have had to dedicate significant funds on developing their digital infrastructure to strengthen their cyber security. The banking world has long been seen as a very profitable industry and for many banks that still remains to be true. Investment banking experts like Fahad Al Rajaan demonstrate that the banking sector can still be a very effective way of making money. It is therefore vital that banks are protected from cyber-attacks.

Preventing Cyber Attacks

As well as spending more on software to reduce the chances of an attack, companies now spend more on resources dedicated to preventing cyber-attacks. This means that extra IT personnel are required, extra training for all staff and more resources allocated to analyzing their cyber security and performing risk assessments.It also means that more robust policies and processes must be introduced. This can vary from developing and delivering online training for staff to raise awareness about the risks of cyber security, to employing a whole team of experts to audit the processes. It is certainly becoming a very costly affair.

Cyber attacks not only cost businesses from the initial financial sting, they are also impacted by the reputational damage that the attacks can cause for years to come. If somebody feels that their money isn’t safe with a bank, then they are likely to close their account and go to another one that they feel will protect their money better. The more publicity that a cyber attack attracts, the higher the reputational damage will be.As mentioned before, the government is committed to driving down and eventually eradicating the threat of cyber attacks. Greater cyber security laws are being ratified and harder punishments will be a deterrent for many would-be cyber criminals.

 

Finding a Solution

It is unfortunate that such huge amounts of money are being spent on cyber crime, both by the government and by businesses. Until a solution is found, it looks like this trend will continue and the threat of cyber attacks will dominate how businesses setup their IT structures and policies.

 

 

 

 

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How Does a Reverse Phone Lookup Work and How to Use it

Have you ever looked at a phone number and you didn’t know whose number it was? It happens to everyone. Picture these simple situations. You go to your caller ID and find there is a missed call from a strange number. Or maybe you are cleaning up your desk and you stumble upon an old scrap of paper with a number on it. Whose number is it? Should you call it?

Well, a reverse phone lookup will save you all the trouble. Reverse phone lookup helps you to identify phone numbers, the name associated with that number and even their addresses. So the next time you find a strange missed call, instead of calling back right away, just look it up, see who it is, and then decide whether it’s someone you know or not.

Applications for reverse phone lookup can go beyond the simple task of identifying strange numbers and their owners. Think of this situation. You’ve visited a doctor and they refer you to a specialist who will take care of you. Normally, you will only get a name and a number. But locating the specialist is made so easy with reverse phone lookup. All you need to do is look up the number and you will get the address of the specialist. It’s just that easy.

 

How to Do Reverse Phone Lookup

Reverse phone lookup works in a very simple way.

If you want to establish the owner of a phone number, there are a few steps that you can take:

 

Using Google – You can use Google or any other search engine to check details about a specific phone number. All you need to do is to type the number into the browser and click search. Make sure that the numbers are separated by hyphens (for example, 622-555-1888). Google will give you phone book results that will include the phone owner’s name, their address, and even a map that pinpoints their exact location. However, there are some phone numbers that may not be listed in Google.

Using Reverse Phone Lookup – You can also use Reverse Phone Lookup to find the details of the phone number you want. Start by typing “reverse phone lookup” on your browser and hit search. You will see a wide variety of websites that offer this service, click on one of them, enter the phone number, and search. You will get the name of the person who owns the phone number, their address, and directions to where they are.

Reverse phone lookup sites can be free or paid. In case you are looking for free sites, Addresses.com, Anywho.com, and Whitepages.com are great options. The challenge with these free sites is that they can only help you locate landline numbers.

When we put mobile phone numbers into the equation, things get a little complicated. Accessing user information for cell phone numbers is relatively harder. However, you can still find cell phone number details albeit you will have to pay for this service.

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Coin Collections is it Time to Cash In

 When you start to collect one kind of item, it gets exciting once they all start to come together and there are more than just a few of them. At this point, you may be called an aficionado or connoisseur by others, as your collection starts to swell. The trouble is, should you ever get to the point where you feel like it could be time to cash in and sell your coin collection, how can you know when it is the best time to sell, and how to get the best value?

 

Collecting coins that are not really for spending carries a similar feel to how foreign currency works, especially when you go on holiday. One day these coins can be worth one amount, and the next day, for whatever reason, they could suddenly be worth a lot less. It can be difficult but not impossible to predict how the markets are likely to fluctuate, and indeed some people have forged successful careers in finance from this talent.

It is easy for specialist collectors to know exactly what a coin is and what it is worth, in the same manner as a jeweler inspecting a gold ring for sell-able value. But how exactly do you know if you have a rare coin just lying about in your pocket, waiting for you to accidentally spend it and offer someone else that chance of collecting it instead?

If you can hold on to a special coin for eons, chances are it would be like winning the lottery or something equally jackpot-worthy. Every now and then, a story appears in the news after some archaeologist or fortunate renovator discovers ancient coins that are definitely not in circulation anywhere else. The hype and value that accompanies this type of find is often fantastic.

 The London Mint Office

While these finds are generally fairly uncommon, there are plenty of rare coins you can find. Every so often, the London Mint Office releases commemorative coins to celebrate upcoming events that mark a passage of history. Although many may choose to purchase these when they first come out, after a while the number in circulation will decrease and the value of your coin will begin to rise.

It could well be the case that you’ve picked up one of these without knowing, so before you go rummage through your change jar, the Post Office have released a handy guide, which explains what coins are what, and how many are currently in circulation. At least you know what to look for now.

Once you get started, and realize just how many valuable coins there could be around the world, there is a lot of potential for exciting discoveries along the way. Before you go out and buy a metal detector, and head down to the beach hoping to score some ancient Roman, Bronze Age era coins, you might find that there are many easier ways to start your own coin collection, or cash in on one you didn’t even realize you had.

 

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