How to safeguard our personal and financial data.

Personal Data

There are steps you can take to minimize the risk of data loss. Responding to a call to action from the Federal Trade Commission for all major trade associations to address the security of data, the Direct Marketing Association approved security guidelines for its members. All members must follow four specific ethical guidelines to keep information about consumers secure.

Step 1. Have a Security Policy.Establish information security policies and practices to ensure the uninterrupted security of information systems.

Step 2. Train and Supervise for Security.
Institute vigorous training and oversight of your designated security team. But don’t stop there. Any other employee or contract worker with even occasional access to personally identifiable information must be trained and supervised.

Step 3. Use Available Technology to Guard Personal Data.
Written policies and training go far, but not far enough. Construct structural and technological walls to contain personal information and run tests to ensure that the system works. Make contingency plans.

Step 4. Inform Data Suppliers and Business Partners of their Responsibilities to Meet Your Security Specifications.

The information chain is only as strong as its weakest link. Make sure that personal data in your care are “tagged” and “fenced” when they enter your database, while they’re in storage and once they leave. Permit no information transfers without informing business partners to meet your security standards.

Financial Data

A new ISO standard will help to safeguard the privacy of people's financial data when being processed by automated, networked information systems.

ISO 22307:2008, Financial services – Privacy impact assessment, defines a methodology to help organizations in private and public sectors identify privacy issues and mitigate risks associated with processing the financial data of customers and consumers, business partners and citizens.

“One way of proactively addressing privacy principles and practices is to follow a standardized privacy impact assessment process for a proposed financial system, such as the one recommended in ISO 22307.”

The standard describes the privacy impact assessment (PIA) which should be carried out at an early stage in the development of a proposed financial system. As well as helping to identify optimal privacy options and solutions, it provides a way to ensure that the system complies with applicable laws and regulations governing customer and consumer privacy.

It is a tool that, when used effectively, can identify risks associated with privacy and help organizations plan to mitigate those risks. ISO 22307:
@ describes the PIA process in general
@ defines the common and required components of a privacy impact assessment, regardless of business systems affecting financial institutions, and
@ provides informative guidance, including frequently asked questions (FAQs) on PIAs and their implementation, together with a number of questionnaires designed to help users assess their needs and develop an effective PIA.

Bearing in mind that the legal framework for privacy protection differs from country to country, this internationally agreed standard on privacy impact assessments is an important step forward. The internationalization of PIAs is critical for global banking and, in particular, for cross-border financial transactions.

Is me.. ah_Ju..

Let me introduce myself. My name is Teo Jing Ji. I am a Malaysian Chinese. I am currently living in Sungai Long for my studies in UTAR. This is my last year in UTAR. I hope I can do better and graduate with flying color.
I am a person who is positive about every aspect of life. There are many things I like to do, to see, and to experience. Most I like to do is swimming. I feel relax in the water. I have a dream to dining at Tioman Island. But the fees for dining there is expensive for me. It is around RM1000++. I cannot pay it. So I think I need to work hard and save money from now.
The five(5) websites I visited the most are www.google.com, www.hotmail.com, www.utar.edu.my, www.haoting.com, and www.sinchew.com. I always use www.google.com to find some information for my assignment and what I am interested to know. And use www.hotmail.com to check my mail and create my space there too. The www.haoting.com is a nice place to listen the latest pop-music without download. I read the news through Sin Chew web everyday. So I can save RM 1.30 for buying newspaper everyday. UTAR web is use by me to check my studies environment. Let me know more for my university.
The top five internet activities are entertainment. Because people like to watching, reading, listening, chatting, and buying. All this can do through internet. It is convenience for the busy man.
E-commerce is a new subject for me in this semester. I think it is an interesting subject. I will be happy to learn it. And I will adopt it in fast.

Phishing: Examples and its prevention methods

Phishing is a type method criminals use to get to sensitive information (like usernames or passwords). It is a method of social engineering. Social-engineering schemes use 'spoofed' e-mails to lead consumers to counterfeit websites designed to trick recipients into divulging financial data such as credit card numbers, account usernames, passwords and social security numbers. This mail appears to come from some bank or other service provider. It usually says that because of some change in the system, the users need to re-enter their usernames/passwords to confirm them. The users usually have a link to a page that looks almost like that of the real bank.

Through such practices, criminals get access data to bank accounts, or other platforms (like online trade platforms). Very often, it can also be used for identity theft.

Above is an example of a phishing email, disguised as an official email from a (fictional) bank. The sender is attempting to trick the recipient into revealing secure information by "confirming" it at the phisher's website.

While online banking and e-commerce is very safe, as a general rule you should be careful about giving out your personal financial information over the Internet. A list of recommendations below that you can use to avoid becoming a victim of these scams.

• Be suspicious of any email with urgent requests for personal financial information
  - unless the email is digitally signed, you can't be sure it wasn't forged or 'spoofed'
  - phishers typically include upsetting or exciting (but false) statements in their emails to get people to react immediately
  - they typically ask for information such as usernames, passwords, credit card numbers, social security numbers, date of birth, etc.
  - phisher emails are typically NOT personalized, but they can be. Valid messages from your bank or e-commerce company generally are personalized, but always call to check if you are unsure
• Don't use the links in an email, instant message, or chat to get to any web page if you suspect the message might not be authentic or you don't know the sender or user's handle
  - instead, call the company on the telephone, or log onto the website directly by typing in the Web adress in your browser
• Avoid filling out forms in email messages that ask for personal financial information
  - you should only communicate information such as credit card numbers or account information via a secure website or the telephone
• Always ensure that you're using a secure website when submitting credit card or other sensitive information via your Web browser
• Remember not all scam sites will try to show the "https://" and/or the security lock. Get in the habit of looking at the address line, too. Were you directed to PayPal? Does the address line display something different like "http://www.gotyouscammed.com/paypal/login.htm?" Be aware of where you are going.
• Consider installing a Web browser tool bar to help protect you from known fraudulent websites. These toolbars match where you are going with lists of known phisher Web sites and will alert you.
• Regularly log into your online accounts
  - don't leave it for as long as a month before you check each account
• Regularly check your bank, credit and debit card satements to ensure that all transactions are legitimate
  - if anything is suspicious or you don't recognize the transaction, contact your bank and all card issuers
• Ensure that your browser is up to date and security patches applied

Is mE..^^ wAI cHeE^^

Hello!! Welcome to our 4 In LoVe blog. I am Law Wai Chee or u can call my nickname..Ah May. I come from Taiping, Perak. My hobbies are sleeping, eating, watching tv, and listen music. I also like to reading books/magazines but searching for the one I like. My favorite movies are horror movies and happy ending drama. I like to listen any music, but depending on my mood. Besides that, I also like to traveling and shopping. Because of traveling can make me knowledgeable.

Online is my daily activity, as I can search for everything through the internet. The top 5 websites that I visited the most are www.hotmail.com – to check and send email to my friends, www.friendster.com – to find my friends and upload the photo, www.utar.edu.my – to check for UTAR’s news, www.google.com – to search the information for my assignment and other, www.baidu.com – to download the music. Through the internet we can do a lot of things such as chatting with friends, online shopping, download free software, making payments, buying books/products, booking airline tickets, etc. In today life, internet becomes a very important tool for everyone as it made our life easier.

Funny gal ~

I am Tan Bee Wee. I am 21 years old and come from a small town named Simpang Rengam in Johor. I have 5 siblings and parents. I love my big family. This is the first times I write a blog. Maybe someone will not believe as it is so famous and popular in today. I also seldom read other’s blog as I prefer to use my time to do something which is more meaningful and good for my future. My dream is to give my parents a better life, I hate to see they are so suffer and tough for my family. They are getting older and older and their healthy is also getting poorer and poored.

After I studied in University Tunku Abdul Rahman (UTAR), I joined the society (community service society), it makes my life a big change. I am very active to take part and organize in all the activities, such as visit to orphanage and old folk’s home, famine camp, community service camp, charity dinner, community sociology program and so on. Besides that, I also joined other society to organize event like dance night and attend the event others organized. I do not like to spend my time by studying or doing nothing at home. I like to do part time business when I am free.

I like to go shopping, traveling, watching movie, listening music, reading and surfing net. Surfing net is cheap and I can get a lot of useful information easily. Everyday I will log in http://www.hotmail.com/ and http://www.yahoo.com/to check mail and send e-mail to my business partner to tell them what I have done and learnt in a day. I like to search information and picture from http://www.google.com.my/, as it provides huge storage of information to users by free of charge. Youtube http://youtube.com/ is another free website for user; I can download a lot of video clip from there. I am also a member of friendster http://www.friendster.com/, so sometimes will upload photo and contact with my friends.

Nowadays, msn messenger is popular and famous for people to connect other. I also like to log in msn messenger to chat with friends at anywhere and anytime. E-banking is also a easy and fast way for me to pay my tuition fee of UTAR and also can check the balance and transaction of savings account. I can also buying and selling a product or service via internet like http://www.amazon.com/ and http://www.ebay.com/.

An Example of an e-commerce failure and its causes

Good technologies and products usually survive; poor ones usually go extinct. But not all of the technologies and tech products that have swirled down the drain of the tech gene pool deserved their fate. Kozmo.com is an tech that we thought it will be us forever, but that unfortunately it has gone the way of the dodo.

Kozmo.com (1998-2001)
An online store and delivery service, promised fast, friendly delivery of almost anything: a DVD rental, a bag of groceries, or just a single pack of gum. It was incredibly convenient and a heck of a bargain. It was also too good to be true. The cost of the small-time deliveries contributed to the demise of this great idea.The founder of this company are Joseph Park and Yong Kang, they started the business in March 1998 at New York City. Kozmo.com is one of the top 10 tech we miss which hailed by CNET.com.

In February 2000, it entered a five co-marketing agreement with Starbucks in order to promote its services in their coffee shops by paying $150 million. But in the end Kozmo.com ended it services in March 2001 after paying out $15 million.

In July 2000, at the height of its business, the company expanded to seven cities. It was familiar with college student, young professionals, and the urbanites, but soon the company still went out of business. It is because later they found that it was cost too much to deliver a DVD and a pack of gum. Eventually a $10 minimum charge was introduced, but that did not stop it from closing in March 2001. Before the layoffs, Kozmo.com had filed an IPO with the SEC, but it never went public. Consistent with documents filed with the SEC , the company had revenue of $3.5 million in the year 1999, with a resulting net loss of $26.3 million.

As a summary, although Kozmo.com had a great idea to have an online business, but their business still come to failure with the reason of they did not had a proper business plan. Without a proper business plan, Kozmo.com was too late to learn that its primary attraction of free delivery was also its causes of defeat.

http://www.cnet.com/4520-11136_1-6259955-1.html?tag=feat.2

How E-Commerce can reduce cycle time, improve employees' empowerment and facilitate customer support

Cycle time reduction means shortening the time it takes for a business to complete a productive activity from its beginning to end. E-commerce can reduce cycle time by eliminating steps in business processes. The steps may be redundant or can be replaced with more efficient technology solutions. the elimination of the steps speeds the overall process and reduces cycle time.

Alibaba.com (http://www.alibaba.com) is a global e-commerce powerhouse, and the largest e-commerce company in China. The company operates several e-commerce platforms that connect individuals and businesses from China, and around the world. Alibaba.com makes doing business easy, and even fun, enabling an interactive community of millions to meet, chat, search for products and trade online.

Sourcing online through Alibaba.com can cut the normal sourcing cycle by 75 percent, according to a new survey released at MAGIC 2006 by the world's largest online B2B marketplace for global trade. Alibaba.com members say it takes about three weeks to find the right trading partner and negotiate a deal through the website, compared to the average sourcing cycle of 3.3 to 4.2 months according to the Aberdeen Group. Alibaba.com reduces the souring time by bridging geographies and time zones and putting thousands of products and suppliers from around the world 24 hours a day, 7 days a week, 365 days a year in one easy-to-use location. In 2006, the Aberdeen Group on a global basis business could save approximately $1.7 trillion by deploying effective e-sourcing strategies with the emergence of Alibaba.com.

E-commerce allows the decentralization of decision making and authority via empowerment and distributed systems, but simultaneously supports a centralized control. Employee empowerment means giving employees responsibility and authority to make decisions regarding all aspects of product development or customer service to engage personnel in an e-business culture. It also provides greater and easier access to information provided by the employer. In e-commerce, your website is your sales office, showroom, supply chain hub, headquarters lobby and corporate image. Employees are empowered to update company's activities and provide guidance about the company and its products and services. They respond to customers' product information requests, answer their questions, and handle the complaints.

E-commerce facilitates customer support by providing a wide range of technological solutions and communication opportunities. Additionally, e-commerce supports self-help customer service so customer can answer their won questions. It also allow customers to see the full range of options available for a given product. Customers are then able to select the options that they desire and these options may be sent directly to the manufacturer or service provider. This provides a more direct link between the customer and the firm that will eventually fill their custom order.

In conclusion, e-commerce benefits consumers by providing them convenience, speed, cost, customization, personalization and communities. It benefits organizations by expanding the marketplace, creating a cost savings, improving business process and promoting interactivity. It also benefits society by improving the standard of living and delivery of public services.