Cyber Attacks And Its Effects On Business - 986 Words

Cyber attacks present a real and dangerous threat to organizations. Organizations are attacked for a variety of reasons, including financial gain, business disruption or political agenda using innovative techniques including the use of malware, bots and other sophisticated threat to exploit new vulnerabilities (The Impact of Cybercrime on Business, 2012, pg.1). It is widely believed that the utmost motivating factor for most attacks is financial fraud and gain, and approximately 5 percent by political and ideological agenda (The Impact of Cybercrime on Business, 2012, pg.2) Organizations are losing ground to the increasing sophistication of attackers who could be nation states, criminals or hacktivists.The complexity and sophistication of threat have increased so much that organizations struggle to fight these threats and most go unnoticed or unreported. The caliber of attackers has the capacity to deploy considerable threat intelligence, time and resources with the potential to caus e its victims, significant financial impact (The Impact of Cybercrime on Business, 2012, pg.1). This trend has grown in complexity with the surge the use of web 2.0, mobile computing and the increasing use of cloud, leading to the creation of more channels of communication and vulnerable entry points in the network(The Impact of Cybercrime on Business, 2012, pg.1 ). The biggest threat to the organization is the theft of intellectual property, business intelligence and the disruption ofShow MoreRelatedCyber Attacks And Its Effects On The Global Business Sector1270 Words   |  6 PagesIntroduction Cyber attacks are categorized in two ways :- 1. The first one is method for utilizing a PC to connect another PC. Case Dos assaults, hacking, infection work assault 2. Furthermore, utilizing a PC to do the wrong thing e.g. digital terrorism, mastercard extortion and so on. Elements of government are performing focused on assaults of cutting edge innovation for political and conservative increase. These substances ordinarily work under a position of safety and make a Presence in a systemRead MoreOntology Of Information Security In Enterprises. Stephen1483 Words   |  6 Pageseclectic commodity-based and inconsistently constructed technologies that, at an aggregate level, do not lend themselves to provide a secure and trustworthy channel to conduct or transact business. Enterprises have struggled to implement an appropriate and continuous level of protection in part by underestimating the effect of organizational complexity and not adopting a holistic (systems thinking) approach to the problem of enterprise security. This research paper examines key issues that undermine theRead MoreCyber Security, A Government And Private Industry Affair1686 Words   |  7 PagesCyber-security, a government and private industry affair Introduction The role of computers in business operations is growing with each wake. Computers have helped entities boost efficiency, speed up service and product delivery and take consumer interaction to another level. However, this new wave has not come without its challenges. Cybercrimes pose a threat to information security and privacy, which is a concern for private and public institutions alike. The United States has developed laws thatRead MoreCyber Terrorism1716 Words   |  7 Pages During this attack, government sites were hijacked and some sites suffered a denial of service attack. Most recently, it was suspected that Bank of America was the victim of a cyber terrorism attack; although no definitive evidence is available to substantiate that claim.   Cyber terror attacks pose a threat against the national security of the United States. In order to fully comprehend the threat that cyber terrorism poses, it is essential to understand the background, the effects, the realityRead MoreEs say on Cyber Terrorism1167 Words   |  5 PagesCyber Terrorism Thus far we have scratched the surface of the ever-perplexing problem of terrorism. As it has evolved those in the position of countering it have also gained some valuable experience. Even with this knowledge it is very difficult, bordering on impossible to prevent terrorist acts from occurring. In the recent past there has been an extra element added to this confusing and dangerous equation, the Internet and other computer capabilities. 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The impact of online business and communication is an indispensable part of today’s merging era. Unlike traditional wars of using military, weapons and air campaigns; cyber war is more fearful to civilians as it threatens their peace without even been seen. It is quite challenging to identify the ghost in wires, it can be a person, a group of peopleRead MoreShould Government Implement Laws For Cyber Crime?977 Words   |  4 PagesGovernment implement laws to prevent cyber crime† Today is the era of technology and globalisation, as it connects the whole world together but also opens new ways to crime. Cyber crime is the result of negative use of technology. Cyber crime refers to a crime which is committed through internet or computer. Cyber crime is of differenr types like stealing of money or information, piracy, electronic vendalism that is destroying or changing the electronic information. Cyber terrorism which threatens not onlyRead MoreThe Causes Of Cyber Attacks On Financial Institutions Essay1677 Words   |  7 PagesCauses of Cyber Attacks on Financial Institutions During the last decade there have been an extensive number of cases of illegal information collecting, kidnapping and criminal misuse of personal data, illegal financial transactions, theft and online fraud. Modern technologies used for the commission of terrorist acts, violations of normal operation of the automated process control systems for infrastructure facilities. The politically motivated activities in cyberspace in the form of attacks on governmentRead MoreCyber Security : A New Form Of Crime1594 Words   |  7 Pages Cyber Security is considered to be one of the hot topics in modern era. It is a national security challenge that the United States and other countries face today. Cyber Security is an important factor to be considered if one is to be able to protect oneself from malicious people and software from the internet. While the Internet has been providing immense opportunities to individuals, organizations, and nations in diverse areas, at the same time it has also given birth to a new form of crime – cybercrime

Traditional Gender Roles My Family - 878 Words

A quick glance at my family would reveal mostly traditional gender roles. My mother, for at least the first part of my childhood, was a stay at home mom who ascribed to more traditional gender roles. My mother and grandmother cooked almost every meal and were largely responsible for the care of my siblings and me. My father was the breadwinner who worked fifty to sixty hours a week to provide for his family. He was treated as the head of the household and, if my parents could not come to a consensus about a decision, the unspoken rule was that my father would ultimately make the decision. I purposely stated previously that my family ascribed â€Å"mostly† to traditional gender roles; this is because there were some aspects that would be considered more egalitarian. For example, my father participated in a large portion of the housework (e.g. vacuuming, laundry, lawn care, etc.), he was extremely active in the lives of my siblings and I (e.g. attending all extracurricular event s, volunteering as assistant coach, getting us ready in the morning for school, etc.), they both were responsible for maintain the intimacy and connection in their relationship, and my mother, once my siblings and I started school, entered the workforce. What is more interesting is that my father and mother, despite exhibiting more traditional gender roles, instilled in my sister and I that we could be and do anything we wanted in life as it pertains to family, career, and educational choices. Therefore, myShow MoreRelatedHow My Sex, Gender, And Race Ethnicity Influenced My Concept Of Family And Traditional Gender Roles1617 Words   |  7 Pages In this self-analysis, I look at how my sex, gender, and race-ethnicity influenced my concept of family and traditional gender roles. Education as a minority has forced an awareness on the disproportion of men and women in STEM majors. Navigating through stereotypes, cultural differences, and similarities amongst family, peers, and stranger s has been an ongoing voyage in my life. The opportunities my upbringing and culture has afforded and the consequences of chances are critical in how I balanceRead MoreGender Roles And Gender Role Essay784 Words   |  4 Pagessession, I will discuss the gender roles in my family. The definition of gender role is the degree to which a person adopts the gender-specific behaviors ascribed by his or her culture (Matsumoto, D. R., Juang 2013, 156). For example, traditional gender roles recommend that males are aggressive, angry, and unemotional. It goes further and explains that the male should leave the home every day to make a living and be the main wage earner. The traditional gender role for the female purpose is toRead MoreHow The Housework Is Divided Among Men And Women970 Words   |  4 Pagesdevelopment of gender issues, there are large differences between the attitudes towards housework between the men and women of the Baby Boomer Generation to the attitudes between the men and women of Generation Y; the previous generations have a traditional approach while today’s generation is more progressive. To begin, a distinction between the traditional attitudes of the Baby Boomers towards household chores and progressive attitudes of the Millennials must be defined. The traditional attitude towardsRead MoreThis Source Discusses Some Of The Traditional Gender Differences1151 Words   |  5 PagesThis source discusses some of the traditional gender differences between men and women in the Japanese and Chinese cultures. In early Chinese and Japanese culture the idea of balance was key. Characteristics tending to be assigned to a specific gender, but one was not necessarily seen as better than another. The qualities where simply different. In both China and Japan women’s work remained largely domestic, such as weaving, and men plowed the fields. The traditional Japanese religion of Shintoism leadRead MoreAsian Traditional Gender Expectation That Men Have No Responsibility995 Words   |  4 PagesIn Asian traditional gender expectation that men have no responsibility to share the housework. This gender expectation had been circulated for more than 2500 years which is one of the original principles from Confucianism. One of the great philosopher Mencius said that â€Å"The gentlemen far patch† which means the men who want to become a remarkable person has to be far away from the kitchen. This represented an expectation that men should not pay attention on housework because it was considered asRead MoreAnalysis Of Alistair Macleod s Collection The Lost Salt Gift Of Blood1462 Words   |  6 PagesTraditional gender roles are constantly evolving, and can differ drastically depending on the geographic area. With this being said, even in localized areas gender roles can differ depending on economic, social, and familial fa ctors. In Alistair Macleod’s collection The Lost Salt Gift of Blood, we see â€Å"traditional† gender roles being expected, and when they are challenged or altered, conflict arises. This essay will focus on â€Å"The Boat† as well as â€Å"In The Fall† and explore how the women and men inRead MoreThe Battle For Gender Equality1705 Words   |  7 PagesBound by Reality The battle for gender equality has long been a heated issue plaguing men and women all around the world. But what exactly constitutes gender equality, what does it mean to be equal? Why does gender equality matter so much in the first place? After all, are we not all human beings? The issue surrounding gender equality is a complex issue because the concept of gender in itself is a social construction. This makes the notion of gender dynamic and volatile. How one is perceivedRead MoreB.Machismo, Marianismo Familismo . Machismo, Marianismo1049 Words   |  5 Pagesâ€Å"ideal† male and female gender roles in traditional Latino culture. These Latino cultural traditions are two-sided; machismo and marianismo can be viewed as positive qualities, however, they can also allow for an unfair balance of power between partners. Stevens defines machismo as, â€Å"exaggerated aggressiveness and intransigence in male-to-male relationship and arrogance and sexual aggression in male-t o-female relationships.† Conversely, the traditional marianista role is characterized by submissivenessRead MoreGender : Gender And Gender1201 Words   |  5 PagesThrough our socializations with gendered institutions such as family and friends we learn gender-appropriate behavior and develop our ideas and beliefs of what appropriate feminine and masculine gender roles are and form our gender identity. Gendered institutions are reinforced by a gender belief system, which are the feminine and masculine traits characteristics that are considered to be socially acceptable. Gender roles are the â€Å"attitudes, behavior, and activities that are socially defined as appropriateRead MoreGender Roles And Family Conflict1024 Words   |  5 PagesGender roles vary from family to family, and for my family, they are a combination of many different types. For my childhood, I was raised nontraditional in the sense of masculinity and femininity. I had Barbies ©, Tonka Trucks ©, kitchen sets, and legos. I was never t old that Barbies © were only for girls and that Tonka Truck © were only for guys. From traditional to nontraditional roles, I have been raised to be my own and unique individual. When I was younger, I was raised in a very nontraditional

Characteristics of Impairment Testing of Assets

Question: Discuss about the Characteristics of Impairment Testing of Assets. Answer: Introduction Companies ought to conduct an impairment testing to discover the actual value of the fixed and intangible asset. Some assets are prone to depreciation, amortization, obsolescence, wear and tear and so forth. This must be incorporating the assets to make sure that their carrying amounts are less than their recoverable amounts. This report has two parts. Part A discusses the objective of impairment testing, the impact of goodwill on impairment testing and the necessary steps that should be taken by the management of Longreach Ltd to conduct an impairment test. Part B, on the other hand, performs an impairment test on Crossbow Ltd. According to AASB 136 Impairment of Assets, assets should be carried at their carrying amounts, which should not be higher than the recoverable amount (Andri?, Miji?, and Jaki?, 2011, pp.101-116). The importance of an impairment test is to ensure that assets are recorded at carrying amounts, which should be less than the recoverable amounts (Chunguang, 2006, pp.345-357). AASB 136 paragraph 6 states that the carrying amounts of an intangible or fixed asset are the amount, which are recognized after lessing the amortization, depreciation, and any losses on impairment. Assets that may be impaired include goodwill, property, plant and equipment, patent and any other intangible assets. However, other assets are excluded from impairment (Devalle, and Rizzato, 2012, p. 87). These assets include stock, employee benefit assets, financial assets, investments, and biological assets, available for sale assets, deferred acquisition assets, insurance contracts assets and so forth. The existence of goodwill will affect the impairment test since goodwill will require an annual impairment test in agreement with AASB 136 paragraph 10(b) (Fang-fei, D.I.N.G., 2008, pp.789-811). This international accounting standard requires that goodwill acquired in a company should be apportioned to each cash generating unit and regularly tested for impairment whenever one cash-generating unit is sold. To impair goodwill, one debits the goodwill impairment account and credits the accumulated impairment of goodwill with the impairment amount (Francesco, 2016, pp.315-362). The next step is debiting the profit and loss account and crediting the impairment of goodwill account with the impairment loss. Several factors would indicate that an asset is impaired. First, an asset would be impaired if its value at market has reduced significantly more than its budgeted value. It would also be reduced if the market, legal, technological, or economic environment in which the company operates h as changed significantly, if the return on investment has increased, or if the carrying amount of the asset is more than its market capitalization (Gallery, 2009, pp.337-339). An asset may also be tested for impairment due to internal indicators. These include evidence of obsolescence, significant changes in the use of an asset, and so forth. For the management of Longreach Ltd to conduct an impairment test, they must follow some basic steps. First, the administration ought to calculate the recoverable value (Kuzmina, I., and Kozlovska, I., 2012, pp.56-65). It is calculated by taking the higher of the fair value of a fixed or intangible asset minus costs to sell that asset. This can also be calculated by taking the present value of the estimated future cash flows required from the assets. The next step is comparing the carrying amount to the recoverable amount. If it exceeds the recoverable amount, then there is need to impair the asset. Finally, one records the impairment loss in the books of accounts by recording a debit entry to the impairment account of asset and recording a credit entry to the accumulated impairment on an asset. Then, one debits the profit and loss account with the impairment loss and credits the impairment account of an asset with the impairment loss amount. Crossbow Ltd as at 30 June 2015 had a land of $ 200,000, stock products amounting to $ 180,000, and the brand Crossbow Shoes' that had a value of $ 160,000 as at 30 June 2015. In addition, the firm had a shoe factory at the value of $ 700,000, machinery for manufacturing shoes amounting to $ 400,000 and goodwill of $ 40,000. The sum carrying value of Crossbow Ltd's assets at the balance sheet date was $ 1,680,000 (Lhaopadchan, 2010, pp.120-130). Due to competition, Crossbow Ltd had to assess its impairment position. Various factors indicated that there was a probable impairment loss. Its recoverable amount as at 30 June 2015 was $1420000 while the fair value of the land less disposal price was $171 000. Below are the journal entries for the impairment loss of Crossbow Ltd. Particulars Dr. Cr. Impairment account on land $ 29,000.00 Accumulated impairment on land $ 29,000.00 To record impairment loss on land Profit and loss account $ 29,000.00 Impairment account on land $ 29,000.00 To close the impairment loss account on land to the P L A/c Impairment account on assets ($ 260,000-29,000) $ 231,000.00 Accumulated impairment on assets $ 231,000.00 To record impairment loss on assets less the impairment loss on land Profit and loss account $ 231,000.00 Impairment account on assets $ 231,000.00 To close the impairment loss account on assets to the P L A/c Calculation of the impairment loss on land However, this impairment loss on assets includes the impairment loss on land, which means that we have to deduct the impairment loss on land from the impairment loss on assets to prevent consequences on double impairment as shown below. Conclusion As seen in the report of Long reach Ltd, goodwill is likely to affect the impairment test. The management, therefore, has to conduct an impairment test regularly to determine the carrying value of goodwill. This can be seen from the journal entries of Crossbow Ltd. Since the corporation has both an impairment loss on land and overall assets, an impairment test should be conducted on the two. Crossbow Ltd has an impairment loss of $ 29,000 on land and $ 231,000 on the assets. These amounts should be debited on the profit and loss account as an expense to the business. References Andri?, M., Miji?, K. and Jaki?, D., 2011. Financial Reporting and Characteristics of Impairment of Assets in the Republic of Serbia According To IAS/IFRS and National Regulation.Economic Annals,56(189), pp.101-116. Retrieved on 5th January 2017. Chunguang, Z., 2006. Asset Impairments and Earnings Management [J].Accounting Research,3(003), pp.345-357. Retrieved on 5th January 2017. Devalle, A. and Rizzato, F., 2012, January. The quality of mandatory disclosure: the impairment of goodwill. An empirical analysis of European listed companies. InInternational Conference on Accounting and Finance (AT). Proceedings(p. 87). Global Science and Technology Forum. Retrieved on 5th January 2017. Fang-Fei, D.I.N.G., 2008. Empirical Research on Non-current Assets Impairment Influenced by New Chinese Accounting Standards [J].The Theory and Practice of Finance and Economics,1(015), pp.789-811. Retrieved on 5th January 2017. Francesco, C., 2016. Impairment of Assets. Accounting Research,3(003), pp.315-362. Retrieved on 5th January 2017. Gallery, G., 2009. Discount Rates in Disarray: Evidence on Flawed Goodwill Impairment Testing.Australian Accounting Review,19(4), pp.337-339. Retrieved on 5th January 2017. Kuzmina, I. and Kozlovska, I., 2012. Accounting measurement of long-lived assets: A case of impairment practice.Journal of Business Management,5, pp.56-65. Retrieved on 5th January 2017. Lhaopadchan, S., 2010. Fair value accounting and intangible assets: Goodwill impairment and managerial choice.Journal of Financial Regulation and Compliance,18(2), pp.120-130. Retrieved on 5th January 2017.

The Life Cycle of Products free essay sample

In today’s market place, segmentation is a crucial strategy for nearly all successful companies around the world. A good example is Canon Corporation who makes a line of compact digital cameras. Now Canon sales for digital cameras have rapidly increased every year since they first introduce this line of camera. Canon’s whose continued growth must be attributed to larger profits margins and continued funding of research and development. Research and development is one of many keys to continued growth in a market place. As more people continue trying and purchasing these updated products, chances increase for repeat customers to continue coming back to Cannon for their photography needs. Canons photography segmentation market is divided into two major groups: demographic segmentation and psychographic segmentation. Today’s families and individuals, who are using photography to capture memories and important moments in their lives, are grouped under demographic segmentation. As for the psychographic segmentations it will include all professionals as well as skilled amateur photographers who enjoy the art of taking pictures. We will write a custom essay sample on The Life Cycle of Products or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page As Canon’s product reaches the growth stage, they tend to have increased competition, and higher sales volume than opposed to the introductory stage. If I was to advise Canon it would be to focus on customer satisfaction and continued product improvement rather than profit margins. As Canon enters the growth stage, its competition with Sony and Samsung digital camera continues to divide the marketplace into the more features for your buck segment. Today, Canon has continued to enhance its current product line with advanced focus and wireless transfer capability. (DP Review, 2013) These developments of advanced technologies will allow them to venture into new areas of the marketplace while also attracting a new younger consumer base. Recently there has been a lot of discussion over these three brands and who will come out on top of the compact digital camera market. Hewlett-Packard (HP) newest tablet was designed for the businessman and government officials in mind. During the Introductory stage of the HP tablet computer, the sales were very low because of the Apple I-Pad competition. During this stage, the HP tablet had a few competitors such as Apple’s I-Pad platform, Amazon Kindle Fire, and Samsung Note 2 tablet. However, it turned out that Microsoft didnt manage to beat Apple to the punch and release a breathtaking tablet at the Annual Consumers electronics show. What HP unveiled was something like a portable phone yet as powerful and fast as a desk top PC. The HP tablet was basically, a color e-reader that runs on Amazon Kindle software, with few other details besides a low end price point of $500 dollars. As we enter the introductory stage of this tablet, there is going to be many ups and downs for HP. The Hewlett-Packard tablet computers were a demonstration of a great idea for those who are very busy and who dont have a whole lot of time to load up a laptop. This great idea should be promoted in places such as electronic shops listing all of the features on it, and demonstrated that it can do a lot more than any other tablets on the market. (hp, 2013) Therefore offering the product at lower prices than the competition will be a perfect marketing strategy to increase revenues and concentrate on offering replacement warranty in case of product malfunction. The infamous manual can opener has two major advantages over any other can opener on the market. First, theyre small, portable and easy to store in any drawer. Next, they dont require electricity to operate, so no cords and wall plugs to ever worry about. As for the downfall to manual can openers; they are harder to clean and more difficult to use. If you had strength issue, then it would not be your first choice. While more and more people are buying electric can openers, I would lower the price, and strength the material it is made from to improve its durability. There will always be a need for them as long as we have canned food on the shelves because they are small, cheap, and easy to store. Currently they do have small battery operated model that are easier for people with health problems to use, but what I like is my Pamper Chief model. (Pamper Chef, 2013) It was designed to cut the side of the can versus the top of the can allowing you to put the lid back on the can. During the decline stage of marketing sales drop dramatically so there are two things marketers can do. Either get rid of the product all together or harvest the product and keep it in the market just dont advertise it as often. The manual can opener should stay in the market so that if there is a customer that has a special request for the product it can still be found in the market. That way you are still meeting the customers’ needs and wants without having to spend extra money on advertisement. In the way of Pamper Chef, the cutting of the side of the can allows you to place the lid back on top of the can. This new market place caters to high end kitchen gadgets. So in conclusion I have learned in doing this assignment that if you use marketing principles for products such as the ones I have listed above, then you will be able to look at the growth, introduction, and the decline stages of each one. You will also know more about your revenue in these stages and what to expect when you market them. Next you must figure out where to market them and to whom you should focus on. Lastly you should determine how much to market each product so that the customer is always satisfied when looking for the products they want.