Internet Security For New Users
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The Importance Of Antivirus For Internet Security
Before starting on antivirus, it is important to understand the need for internet security. Because of the amount of traffic that a general computer experiences in a day and the amount of fraudulent and malicious presences roaming in the cyber space, it is very crucial to implement internet security over your computer and browser. This [...]
Tips To Implement Internet Security
In today’s time where internet is prevalent in almost every work that we do, it becomes very important to have good internet security otherwise your online presence would be under risk or threat from a number of cons and frauds. There is no use detailing all the ways in which you MIGHT get conned or [...]
The Importance Internet Security
In today’s day and age, the medium of internet or the World Wide Web has become one of the biggest things on the planet. This technology has totally transformed the way in which people communicate, socialize, interact and even do business with each other. However, there is a saying that ‘with every boon comes another [...]
Secure Internet Payment System
July 25th, 2010 
aminshit The Secure Payment System
The Problem
In the digital economy, how do we prevent payments scams where the supplier accepts payments and does not deliver the goods or services? This is especially important now that we have a global economy connected by the Internet and digital media. What is required is a secure payment system that protects the interest of both the supplier and the buyer. This paper describes such a system.
The Process
We assume that the buyer and seller have made the connection with each other. The buyer wants to purchase the supplier’s product. However, the buyer and supplier are remote from each other but they can communicate via email (any other instantaneous communications channel would do). We also assume that there is an internet site, called the Secure Payment Site (SPS).
Step 1
The buyer logs on to the SPS and pays the agreed amount plus 5% into the site. The site then generates a Despatch Key (a unique sequence of numbers and letters) and emails this to the supplier. The buyer also sets a time limit on despatch and a minimum number of days between despatch and payment.
Step2
The supplier despatches the goods and enters the despatch key on the SPS site. The site then emails the buyer a Satisfied Key and emails this to the buyer. The supplier also sets a time limit on the customer for satisfactory receipt with the minimum being the number of days proposed by the customer.
Step 3
On receipt of the goods, the buyer enters the Satisfied Key on the SPS site. The site generates a payment to the supplier and refunds the 5%.
This is a straightforward payment transaction where nothing goes wrong. At Step 1, the supplier knows that there will be payment if he supplies the goods. At Step 2, buyer knows he can authorise the release of the funds if he is satisfied with the goods.
To understand how this system can protect the interests of both the buyer and the seller, we need to describe the status of the transaction through the Steps and also the exception handling.
Despatch Issues
If the supplier does not enter the Despatch Key into the SPS within the time limit, the transaction is voided and the SPS will refund the amount to the buyer in full.
Satisfaction Issues
Any time after the despatch key is sent and before the time limit set by the supplier, the buyer may put this transaction into a disputed status. Once the time limit set by the supplier has been reached, if no Satisfaction Key has been entered, the funds will automatically paid to the supplier.
Disputed Status and Resolution
When a transaction is in a disputed status, the site automatically generates two unique keys; the Customer Dispute Key and the Supplier Dispute Key. The site will allow both parties to communicate formally through site mail messages. These messages will be recorded to form an audit trail of the discussions. The funds will only be released as follows:-
Using the Supplier Dispute Key, the supplier may set a flag to refund to the buyer; Using the Buyer Dispute Key, the buyer may set a flag to pay the supplier; Either party may apply to SPS admin to make a resolution if all else fails.
Benefits
The Buyer
The buyer benefits are obvious. Such a payment system will prevent the ‘no-supply’ scams. It also gives the supplier more power over the supplier over the quality of the product. If the product supplied is found to be unsatisfactory on receipt, he can immediately put the transaction into dispute and force the supplier to respond. If all money received into the SPS is placed into a client’s trust account, they would be protected legally also from any financial instability in the company operating the SPS.
The Supplier
For the honest supplier or seller, there is the comfort of knowing that the funds will be there to pay for the product if it is satisfactory. Since the buyer has already parted with his money, there is no gain for the buyer to put the payment into dispute.
The Business Opportunity
Most credit cards charge retailers from 3% to 6% of the transaction value. The SPS operator could levy a similar charge on the supplier. Alternatively, the charge could be levied on the buyer as a form of insurance. From a financial point of view, there should be a minimum transaction value, say £12 or $20. Personally, I would favour a fixed charge on the buyer of say £1.20 or $2 with an option of making an additional charge of say £10 if the SPS organisation has to manually intervene to resolve a disputed transaction.
The target market would obviously exclude the well known trusted brands. However, using an SPS system might be quite attractive to smaller, less well-known retailers as well as individuals selling items especially if these retailers want to go global.
Conclusion
Such a system will encourage trading on the net. Not only is this idea likely to make money but also it will help to promote honest trading in the digital economy. How about it?
Reliable and Ultra Secure Internet Connections
June 20th, 2010 aminshit What would you name as the number one advantage of a 3G wireless mobile broadband connection of Wi-Fi? Obviously it would not be cost. Very often a WiFi connection can be found that is free. And Wi-Fi allows more than one user to tap into the network at a time. Such as when you have your landline based broadband sent into a wireless router at your home. Dongles for laptops allow one computer to operate at a time.
An important yet seldom discussed benefit of using mobile broadband and a dongle to connect to the internet is security. Dongles running on a 3G network have built in encryption from the signal source to your laptop’s dongle and of course in reverse for uploads. This means that should your wireless signal containing private or sensitive data be spliced into in midair the built in encryption makes deciphering that data extraordinarily difficult. And don’t think a cable connection is more secure than internet without a phone line. Thieves have hooked up keystroke readers both directly in the home and out to the street cabinet so as to steal financial information.
This is especially true when businesses are involved. When using a dongle connected to either your laptop or desktop computer the actual signal is encrypted in such a way that the midair hacker cannot even find your signal let alone tap into it. Most all Wi-Fi broadcasts on the same frequency making it simple to scoop up all the data being passed though the air. Of course your at home Wi-Fi connection as furnished by your personal router is somewhat protected by the password and WPA or WEP encryption that allows, but usually indentity and information theft experts have tapped into your data long before it reaches your wireless router.
Why is this important? Think of all the common online functions you might like to do. Do you pay bills or make purchases with a credit card online? Do you check your bank balance or transfer funds? All of these actions represent a substantial risk of your private personal financial information being stolen. When using WiFi your keystrokes are completely insecure. If you type in your name and credit card number, anyone with a simple device to intercept a share of your 802 signal can read the information you type. The problem is actually more common than you think. Crooks that specialize in this type of credit card or banking theft position themselves outside internet cafes and public Wi-Fi hotspots patiently waiting to gather financial data of this kind.
Your 3G connection as received on a simple pay as you go dongle offers a high degree of security. Your data can only be deciphered, for lack of a better term by the dongle that is attached to it.
ABSA Internet Banking
May 10th, 2010 aminshit The ABSA (Amalgamated Bank of South Africa) Bank is the South Africa’s largest financial service provider. It provides the most competitive, efficient and fast products and services not only for personal customers but also for corporate and commercial customers.
The bank provides variety of features and benefits. ABSA internet banking services are availed by the customers to pay online bills, check account status, transaction history, apply for loans, take print of transactions, transfer accounts from and to your own accounts or other bank accounts, monitor any suspicious behavior related to account, personalize their settings, and much more.
ABSA is a Barclays Group member bank headquartered in South Africa. The best feature of ABSA net banking is you can complete all your banking transaction successfully sitting at your own home without moving an inch. To go for net banking services all you need to do is complete an application form and submit it in nearby branch. The user is given a unique login id and password through which he can access the web page of the bank and avail all the net banking facilities of the bank.You must also change your password at regular intervals by following the instruction provided in the bank’s website for secure and safe transaction. Never write down your pin number anywhere for safety reasons. Always memorize your pin number to have a safe and secure banking experience. There are many fraud email messages which asks for your banking details. Never fall prey to such fraudsters.
If you are a customer who needs various banking services other than just operating your account then internet banking is the ideal solution for you. It has become a prime necessity these days as people need to operate their account sitting at any location at any time. The customers can also refer to the FAQ section of the bank’s website for any queries or questions arising in their minds. Alternatively they can get in touch with customer care executives or call on their toll free number provided on the bank’s website. Customer can also use Telephone and Cellphone banking services of the bank to get access to their account even when there is no access to internet.
The bank provides safe and secure banking experience and protects all confidential transactional details with great efficiency and ease.
