Research 1 company and describe how they protect their company from internet risks.
Security Bank and Trust Company is a full service, locally owned, community bank that has proudly served the Miami, Oklahoma area since 1922. They are committed in protecting their customers personal information. Their customer’s online security is very important to for them. In order to deliver Internet banking, We are committed to protecting your personal information. Our customer’s online security is very important to us. In order to deliver Internet banking, they have been implementing security procedures for customers. When you sign into your Security Bank and Trust Company account with your User ID and Password, they are sent from your computer to ours through a 128 Bit-encryption using Secure Socket Layer (SSL) protocol technology. This method allows you to establish a secure connection to communicate with the bank, ensuring that no one else can read your information. Once the secure connection has been established between your browser and our server, you gain access to your account(s). Transactions sent to their banking server must pass through a filtering router system and firewall and the system is monitored 24-hours a day, seven days a week in order to protect your information.
Also, research for possible risks or dangers and/or impacts of internet - related crimes to a company.
One possible risks that may occur to any company is "identity theft." It occurs when someone acquires your personal information and uses it without your knowledge to commit fraud or theft. It is a serious crime and cases are growing. An all-too-common example is when an identity thief uses your personal information to open a credit card account in your name.
No matter how cautious you are, there is no way to completely prevent identity theft from occurring. But there are ways you can help minimize your risk. This page contains valuable information on how you can protect yourself by managing your personal information wisely, the warning signs of identity theft, and what to do if you do become a victim.
source:(http://www.sbtmiami.com/onlineBanking.asp)
Tuesday, August 12, 2008
Sunday, August 3, 2008
Midterm-Question n0.1
1. Research 1 company that makes use of E-commerce.Describe the nature of this company in 1-2 paragraphs.
SAN FRANCISCO– Philippine banking giant BDO Remittance that has recently merged with Equitable PCI bank (EPCI) and XOOM Corporation, the fastest-growing global online money transfer company, have announced a strategic partnership to revolutionize worldwide money transfers to the Philippines. The tie-up is designed to provide super fast remittances for bank deposits and cash pickups within minutes at all BDO-EPCI branches. XOOM.com allows individuals to send money from any Internet-enabled computer to family, friends and businesses worldwide. XOOM Corporation was founded in 2001 in San Francisco and is backed by leading venture firms Sequoia Capital, New Enterprise Associates and Fidelity Ventures. www.xoom.com
2. Identify then, how does this company use e-commerce to achieve strategic advantage.
The partnership with XOOM.com will now provide faster and more convenient money transfers to our customers. Additionally, we believe that our increased capabilities brought about by the merger between EPCI and BDO shall be instrumental in driving business. With a click of a mouse, money sent to any BDO*-EPCI account by XOOM.com customers will be available to the recipient in just hours. The super fast bank deposit within hours is provided through XOOM’s proprietary technology. Customers also have the option of picking up cash within minutes from over 1,800 BDO locations, including the SM Malls and Cebuana Lhuillier locations.XOOM ensures that financial transactions coursed through their system are highly secure as the company uses state-of-the-art technology to protect the client’s personal data.
3. Describe the benefits derived from this strategy.
The partnership with BDO provide a more convenient remittance for our Filipino clients. BDO’s network offers faster transactions and more disbursement options for their customers. Through XOOM.com, remitters can easily send money online anytime, without leaving their home or office. Money can be received seven days a week, on extended banking hours through BDO’s wide network of remittance channels, like BDO branches, On-Site outlets and SM Forex counters in SM Department Stores, Cebuana Lhuillier locations and supermarkets.
SAN FRANCISCO– Philippine banking giant BDO Remittance that has recently merged with Equitable PCI bank (EPCI) and XOOM Corporation, the fastest-growing global online money transfer company, have announced a strategic partnership to revolutionize worldwide money transfers to the Philippines. The tie-up is designed to provide super fast remittances for bank deposits and cash pickups within minutes at all BDO-EPCI branches. XOOM.com allows individuals to send money from any Internet-enabled computer to family, friends and businesses worldwide. XOOM Corporation was founded in 2001 in San Francisco and is backed by leading venture firms Sequoia Capital, New Enterprise Associates and Fidelity Ventures. www.xoom.com
2. Identify then, how does this company use e-commerce to achieve strategic advantage.
The partnership with XOOM.com will now provide faster and more convenient money transfers to our customers. Additionally, we believe that our increased capabilities brought about by the merger between EPCI and BDO shall be instrumental in driving business. With a click of a mouse, money sent to any BDO*-EPCI account by XOOM.com customers will be available to the recipient in just hours. The super fast bank deposit within hours is provided through XOOM’s proprietary technology. Customers also have the option of picking up cash within minutes from over 1,800 BDO locations, including the SM Malls and Cebuana Lhuillier locations.XOOM ensures that financial transactions coursed through their system are highly secure as the company uses state-of-the-art technology to protect the client’s personal data.
3. Describe the benefits derived from this strategy.
The partnership with BDO provide a more convenient remittance for our Filipino clients. BDO’s network offers faster transactions and more disbursement options for their customers. Through XOOM.com, remitters can easily send money online anytime, without leaving their home or office. Money can be received seven days a week, on extended banking hours through BDO’s wide network of remittance channels, like BDO branches, On-Site outlets and SM Forex counters in SM Department Stores, Cebuana Lhuillier locations and supermarkets.
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