Virusremovalguidelines

Banks remain a favorite target of cyber criminal activities. Use of internet, virtualization and digitization has eased our business and dealing with money. On the other hand it has also escalated cyber crime activities. In order to ameliorate the performance of financial transactions such as cash withdrawals, deposits, fetching account information, transfer funds etc the idea of cash machine was proposed in 1967. Since then these cash machines known as ATMs (Automated teller Machines) are widely used and besides offering convenience to the customers, they have also proven beneficial in reducing the workload of bank’s staff. With the growing cyber crime activities, undertaking precautions and regularly updating cyber preparedness and defence mechanism is important. However a large number of institutions stir up only post an incident that causes financial misappropriation or loss of reputation. Recently Cosmos Bank, India’s second largest cooperative bank suffered a breach on i...

Facebook has been slammed with a fine of £500,000 ($664,000) in the UK for breaking Data Protection laws. The fine was imposed after UK’s data regulator performed a wide ranging investigation into the Cambridge Analytica scandal and found Facebook guilty of non – compliance of GDPR (General Data Protection Regulation) as: * The company failed to protect its user’s personal data. * Facebook guilty as failed to be transparent about how the personal data was being harvested by the third parties. What is Cambridge Analytica?   Cambridge Analytica is a London-based company that helps business and political groups to muster up data on voters during electoral processes. This data is then analyzed to conduct strategic communication and to create effective slogans and campaign messages. The company was started in 2013 as an offshoot of SCL (Strategic Communication Laboratories) group. Social media platforms like Facebook are used as a source to collect data. Cambridge Analytica has ...