E-Business security in your organisation Essay Example | Topics and Well Written Essays - 3000 words

E-Business security in your organisation - Essay Example It has over 3 million accounts, a quarter of which are active, and has total assets of $61 million (e-gold 4). For a decade-long company, it has not grown much compared to the largest online payment system, Paypal, which claims to do $60 million worth of transactions daily. e-gold transactions are 100 percent backed by metal deposits and are not reversible, which means that unlike credit card transactions, once a transaction is made there is no possibility that it can be cancelled. e-gold can be used to pay for transactions over other merchant websites and makes its money from maintenance fees that range up to 1 percent of the total transaction amount. Based on personal experience, the website is easy to use, getting an account is fast, and the fees are reasonable. The website (www.e-gold.com) is open 24/7 so account holders can transact anytime and anywhere. Users avail of e-gold for several types of transactions. They can have funds transferred to their e-gold account, and then have it transferred to a bank account in any currency using a reliable third party site like OmniPay or The Gold Shop. A user does this by simply logging on to a personal e-gold account, "spend" the desired amount (say, $1,000 worth of e-gold) into OmniPay, take note of the spend batch number issued for the transaction, log out of e-gold, log in to OmniPay, and fill up a bank transfer form with instructions to OmniPay to transfer the $1,000 that was "spent" or sold less fees to any bank account anywhere in the world. The funds take anywhere from two to five days to reach the bank account. Users normally tested the system by transferring small amounts, and when it worked they began moving bigger amounts of money. When someone anywhere in the world wants to pay an e-gold account holder, they give instructions to pay via e-gold by buying the e-currency and "spending" the amount to the user's account. The user can check his or her e-gold account from anywhere, even from a hot spot on a beach resort in the French Riviera, so they will know whether the payments have gone through or the funds have been transferred to the specified bank account. The user can then do transactions from there. This writer has been using e-gold for over a year now, and is happy with the service. This is the reason why this analysis on e-business security was done on this company, which has been only too happy to oblige and share information with me for this paper. Choosing the Standard One problem with selecting a standard to evaluate the e-business security issues of a merchant website is that there are too many standards to choose from. The main reason is simple: the chosen standard becomes a cash flow machine for the firm that develops it. There are several companies like Verisign, Oracle, IBM, and a host of other for-profit and not-for-profit institutions known by their acronyms: SEI, IETF, NIST, W3C, SAI, ISACA. The list is seemingly endless. The Europe-based International Organization of Standards is known for its ISO standards, the more famous of which are the ISO 9000 series used by companies to document their total quality management programs (Arnold 15). The letters ISO/IEC prefix its standards, which are adopted in both the U.S. and Europe. The British Standards Institute (BSI) is a similar organization that has several years of experience developing working standards for many industries. For these

Mitt Romney Essay Example | Topics and Well Written Essays - 500 words - 1

Mitt Romney - Essay Example Mitt Romney has good policies but people fail to feel his sentiments in issued that affect ordinary Americans. One of the ways this has come out is by Mitt Romney failing to sound so original in his campaign scripts. When people perceive a leader honest, then he passed the likability test. He presents himself as Obama’s direct contrast as opposed to addressing the immediate concerns of America. Therefore he should explain how to shall fix the American economy while at same time look easy and approachable to all Americans. Romney should just be easy with his personality. He should not seem to try too hard. He should just be passionate about what he believes. The best messages to use should be aimed at addressing the ailing economy. He should clearly demonstrate how the current administration has failed and offer brand new solutions to alleviate the suffering of jobless Americans. This should be done with America in mind not Obama in mind. The campaign message should inform American the demerits of failing to support him and also offer more firm and well worded responses to democrats’ election propaganda. The target audience should be all Americans. Messages should however be customized to different age, social and economic groups depending on the place and the time of the speeches. This is because different groups understand the same message differently. The audience should see the passion and the merit of the issues he addresses. It’s not enough to have sound economic policies for a Mitt to beat Obama. Charisma and ability to speak and move people is equally important. This is because Obama is a gifted orator who sounds convincing with ease. The difference shall be how the message is presented that the attitude that Americans can read from the tone used. The energy in the campaign trail and absolute confidence that people really need what you have got to offer is equally important. The