Research proposal in identity theft in banking,uk Essay

Research proposal in identity theft in banking,uk - Essay Example 1 billion every year to identity theft which is already sending warning signals to the online bankers. With more banks venturing in online services and online financial transfer is dominant in these sectors, the banks and the customers are at a very high risk of losing their money to fraudsters. This research intends to narrow down to cybercrime, an area that has had little coverage by researchers of identity theft, yet a threatening one. By taking a quantitative approach to identify the severity cybercrime in identity theft and identifying possible security approaches that can be used to reduce instances of identity theft, it is possible to make viable recommendations that would go way far in reducing identity theft. Problem statement In the UK, the banking sector loses approximately ?1 billion to cyber crime and customer trust is at stake in this sector (Barclays, 2013). The banking sector is a major contributor to the economy of the country contributing about 8% of the UK Gross Do mestic Product. Therefore, it is one of the sectors that must be protected to ensure economic stability in the UK. Online banking is an innovative strategy that has enhanced business growth in the UK and has ensured customer comfort and satisfaction. However, as the internet technology grows, network aware experts delve in cyber crime and take advantage of innocent customers who do not know the threats that they expose themselves to wherever they conduct an online bank transaction in the UK. By identifying the vulnerability of the people and possible mitigation measures it is possible to protect the banking industry and consequently contribute to the economic development of the UK. Research Questions This research study intends to provide the answers to two critical research questions; What are the factors that predispose customers to identity theft during their online transactions? And what are the possible mitigation measures that would reduce the risk of customers falling victims of cybercrime? Objectives of the Study Main objectives To identify the factors that predispose customers to identity theft during their online bank transactions. To identify possible mitigative measures to protect online bank transactions from cyber crime. Specific Objectives To gather information from the public on their awareness risk of the identity theft while conducting online bank transactions. To assess the UK bank's security policies that protect their customers from identity theft within the scope of their online services. To identify the efficiency of the banking security policies in protecting their customers from cybercrime. To quantitatively analyse the data and make possible conclusions on identity theft To make viable recommendations on the possible measures that can protect bank customers from identity theft. Literature Review According to Haldane (2011, Para. 3), an economic analyst, the UK banking sector contributes to over 8% of the country gross domestic product and employs millions of UK residents. This points out that the UK banking sector is a major contributor in the economic development of the country, hence the need to protect it from any kind of business threat. Surprisingly, the UK banking sector continues to lose over ?1 billion every year from identity theft which has led to loss of trust in customers and a consequential drop in their revenue margin. In the current technology driven business sector,

Adam smith biography Essay Example | Topics and Well Written Essays - 2000 words

Adam smith biography - Essay Example During this time he lectured on various topics, and he explained for the first time his ideas of "the obvious and simple system of natural liberty", which was the basis of his influential book entitled An Inquiry into the Nature and Causes of the Wealth of Nations (The Wealth of Nations).1 Around 1750 Smith met the philosopher, economist and historian David Hume, one of the most famous figures of the Scottish Enlightment along Smith himself. They became close friends, and Smith was influenced by his works as it has been noted by many scholars. In 1751 Smith became a professor at Glasgow University where he lectured on logic and moral philosophy. In 1759 he published his book entitled The Theory of Moral Sentiments, which is concerned with the explanation of moral approval and disapproval. Smith finds in sympathy the solution to moral problems. After the publication of The Theory of Moral Sentiments Smith payed more attention to jurisprudence and political economics in his lectures. An account of these lectures by one of Smith’s students around 1763 was edited by E. Cannan in 1896. In 1763 Smith was hired as tutor to the young Duke of Buccleuch. During the next years (1764-1766) Smith travelled with his pupil to Switzerland and France, where he met many intellec tual leaders as Voltaire, Jean-Jacques Rousseau, Turgot, D’Alembert, Andrà © Morellet, Helvà ©tius, and Francois Quesnay, who was the head of the Physiocratic school whose works influenced Smith. Later on he also met Benjamà ­n Franklin.2 Smith retired from his post as tutor of the Duke of Buccleuch thanks to the life pension that he earned through that tutorship, and he returned home to Kirkcaldy, where he dedicated to the task of writing his most important work, The Wealth of Nations, which was published in 1776, the same year of the Declaration of Independence of the United States of America. His close friend Hume also died in that

Roaring Twenties Essay -- American History 1920s

The Roaring Twenties The decade of 1920-1929 was a time of great change, reform, improvement, adjustment and alteration of everything Americans had come to rely on. In other words everything changed. Not one part of common life was unaffected. Exciting new events happened in sports, entertainment, science, politics, communication and transportation. It was the age of prohibition, it was the age of prosperity, and it was the age of downfall. The twenties were the age of everything. It has been called the decade of enjoyment, employment, and for some, disappointment. The 20's were a decade to remember and it had an impact on the people living through it. During the 1920s the United States was in an economic high point. Following World War I people had more money to spend due to the wartime boom in the economy. People were able to buy products on credit, and pay small installments later. This process allowed people more freedom to purchase items, such as refrigerators, radios, and cars, when previously they had not been able to. The 1920s got its reputation as the â€Å"Roaring Twenties† from the economy in part because the economy was booming, and people were purchasing products on credit and stocks on margin. All this exchange of currency created a boom era or a â€Å"Roaring† period of time. In sports, athletes were being identified as heroes for the first time in history. This was the time of great athletes such as Babe Ruth. American Football reached the professional leagu...

Beliefs About Students Essay

It is undeniable that the beliefs about students and education have a profound impact on what is taught and how it is taught, just as the beliefs about life have a profound impact on how individuals live their lives. Educational beliefs are revised and refined and over time becomes stronger as they seem to serve us well and prove to be true. Thus, these beliefs ultimately become our philosophy of education. It is possible that every student that enters a classroom can succeed. However, in order for them to accomplish this, teaching should be student centered. Students should be encouraged to understand and appreciate their uniqueness and to be accountable for their learning and behavior. According to Ornstein and Hunkins (2004) Perennialism relies on the past; especially the past asserted by agreed-on universal knowledge and cherished values. Dunn (2005) also agreed that Perennialism is the oldest educational philosophy and is therefore traditional. It is believed that students are vessels to be filled and disciplined in the proven strategies of the past. This philosophy is supported by the realist philosopher John Locke, who was of the belief that at birth the mind is a blank sheet of paper on which the teacher could write knowledge (Tabula Rasa). According to the essentialist viewpoint, there are certain basic or essential knowledge, skills and understandings that students should master in order to function successfully in the society. These are reading, writing, computing and in today’s world, computer skills. Plato, who was the father of idealism, believed that both male and female are equal and should be educated equally. Therefore, the curriculum is the same for everyone and planning to execution of lessons are dominated by the teacher. However, one should not forget that these beliefs are teacher centered and tend to be more authoritarian and conservative and emphasize only the values and knowledge that have survived through time. Learning occurs through experience, Therefore students should be allowed to develop cognitively through experimentation and to reach their own personal potential instead of being shaped into a specific mould. Dunn (2005) cited Immanuel Kant who agreed that knowledge is rooted in the experience of mankind and can only be achieved by an active and exploratory mind, rather than one that is passive and receptive. Carl Rogers also believed in experiential learning. He believed that unlike academic knowledge, experiential knowledge is required to meet the needs of the learner in order to complete important real-life tasks such as learning to drive a car. Every student is different, no single set of learning outcomes is appropriate for all students. Thus a set curriculum will not be suitable for all. Students should be able to determine what they need to study with the guidance of the teacher. This will help them to arrive at their own understandings. Jean Sartre, a leader of existentialism believed that man’s responsibility is vested in man himself. He further stated that people are entitled to be human with dignity andis a human only when he or she is entirely free and accepts responsibility for his freedom. You may be led to believe that students are blank slates and learn based on mainly academic knowledge that has been tried, tested and proven and that all humans are equal and should be educated equally. However, do not ignore the fact that students are taking to the classroom, their own ideas and materials rather than receiving material in class as it is given. Students restructure the new information to fit into their own cognitive frameworks. In this manner, they actively and individually construct their own knowledge. They also are different thus, the same rigorous curriculum will not work for all students. From these facts one may conclude that in order to help students reach their full potential and gain the knowledge and skills that they will require in their daily lives as a democratic citizen of our society, the student centered approach to how students learn must be practiced. Therefore it is recommended that teachers facilitate students instead of being fountains of wisdom. The teacher should help students in their pursuit for knowledge and also help them acquire the communication, problem solving and critical thinking skills which will enable them to be life-long learners.

The Impact Of Classical Economics On The United States

The United States has always faced its fair share of economic ups and downs. Financial upturns can quickly lead to downswings, and there have been plenty of theorists who believe they can solve the great divide. No one ever plans for a recession to last more than a few months, let alone watch the economy crumble into a deep depression. How can this happen, when the economy is supposed to be able to self-correct itself as one theory suggests? Moreover, when self-correction does not triumph, does a new theory take effect to explain this conundrum? This week’s readings have introduced the concept of how classical economics have been taught since 1817, along with John Maynard Keynes ideologies (Rittenberg Tregarthen, 2012). To understand these two schools of thought, it is important to look at what each one stands for individually. David Ricardo is one of the founding fathers of what became known as classical economics. While technically all countries already had their ow n economic system, Ricardo was the first to describe a macroeconomic theory of how an economic society could remain stable for the then modern times. What David Ricardo proposed was, as mentioned above, the economy will self-correct itself. How self- correction is supposed to happen, is simply by not doing anything different at all. Businesses and workers continue to compete against each other, while allowing free trade to come through from other countries (creating more competition). During allShow MoreRelatedClassical Rome And Classical Greece1498 Words   |  6 PagesThe contemporary United States has been influenced by many ancient civilizations, mainly Classical Rome and Classical Greece. Even though Greece had a tremendous influence over our civilization, out of these two classical civilizations, I believe that Classical Rome has had a bigger impact on many aspects of the contemporary United States. In this essay, I am going to examine the political system, economic syste m, and the architecture of the Classical Rome Empire, and explain how these influencedRead MoreThe United States Of Inequality Essay1153 Words   |  5 PagesThe United States of Inequality is an article that delves into the harsh realities we face in our country today, with regards to income inequality. Income inequality in the United States is at a rise. And the sobering factor is that so little is being done to address this issue. According to a new study by researchers at the Economic Policy Institute, forces of rising inequality are operating at an all-time high throughout the United States. The study, â€Å"which measures income inequality by state, metroRead MoreThe Costs And Benefits Of Crime1723 Words   |  7 Pagesself-control, moral beliefs, strains, emotional state and association with delinquent peers. There have been countless of other studies that have examined whether peoples’ estimates of the costs and benefits of crime influence their levels of offending or their intentions to offend. Such studies have examined the perceived likelihood that crime will result in official sanction, condemnation by family, and friends, feelings of guilt and shame, physical harm and economic problems. These studies have examinedRead MoreIntroduction. The Rising Unemployment Has Generated Challenges1381 Words   |  6 Pagesof unemployment are contributed to by factors such as recession periods that adversely affects the economy. Impacts on the economy in turn affect the labor force leading to loss of employment and reducing the rates of employment opportunities in the country. The United States has experienced cases of recession periods and has caused significant negative impacts on the communities and economic growth of the country. The prevalence of high unemployment rates in low income communities in the U.S contributesRead MoreEconomic Studies: Quantitative and Qualitative Analysis793 Words   |  3 PagesEconomics studies many different things such as how governments, firms, individuals, and nations make decisions on distributing limited assets to fulfill their unlimited wants. It is broken down into two categories, macroeconomics, and microeconomics. Macroeconomics focuses on the behavior of the economy while microeconomics focuses on and individual as a consumer. Economics also focuses on two different studies known as quantitative and qualitative analysis in which they focus on the distributionRead MoreClassical Liberalism : Through The Ages1210 Words   |  5 PagesIsaac Oraweme POL 2400 Fall 2015 Northeastern University Prof. Florencia Gabriele 11/21/2015 Classical Liberalism – Through The Ages In order to evaluate both concepts of liberalism, we should take in to consideration their historical contexts. Because every political philosophy is the product of a certain time and circumstance and therefore has its limitation(s). Classical Liberalism, which is also known as traditional liberalism, laissez-faire liberalism, or simply liberalism all over the worldRead MoreClassical Liberalism Is A Political Philosophy Originated1594 Words   |  7 PagesClassical Liberalism is a political philosophy originated in the 18th century based on the idea of individual liberty created to preserve an open and accepting, and open-minded society. Classical liberalism is very solemn when advocating for the value of freedom in which emphasizes the importance of religion, speech, press, assembly, and markets which includes free trade market capitalism, and economic liberalism. Up until around the 1900s, this ideology was commonly known as Liberalism, howeverRead MoreThe Issue of Hunger in the United States1348 Words   |  5 PagesThis has to do with our tradition of classical liberalism. Classical liberalism places emphasis on individualism and less government intervention. In addition, the divided political nature of the United States keeps its populations split as to whether or not government should get involved and spend money to help the poor. In this essay, I am going to first discuss the issue of hunger. Then I will talk about about American Exceptionalism. Then I will explain classical liberalism and how that influencesRead MoreTenets of Classic Liberalism Theory1308 Words   |  6 Pageslead to the conclusions that the liberalism classic theory takes the upper hand. As such, it is more superior as its tenets are applied constantly. In the history of political science and other political philosophies, liberalism is highly regarded. Classical liberalism, as such, refers to the ideology or the political philosophy which falls under liberalism. However, what makes it to stand out is the fact that it lays much of its emphasis on the fact that the powers of the government should be limitedRead MoreFiscal And The New Classical Macro Models Analysis953 Words   |  4 PagesThe effectiveness of fiscal police to stimulate economic activities has been a polemic topic for several years. This controversy exists basically due to differences between the Keynesian and the New Classical macro models analysis. However, what it is clear is that the government has the tools to adjust to positive or negative responses of economic fluctuations. Fiscal and monetary policies must be timely adjusted to overpass economic phasedowns using government spending or taxes. Consequently, good

Nathaniel Hawthorne and His Projected Self in the Scarlett...

Nathaniel Hawthorne Nathaniel Hawthorne was one of the most influential authors during the Romanticism time period. Hawthorne is most commonly known for his novel, The Scarlett Letter. That novel continues to still be read all over. In fact, I just read it for my history class. Not only can the novel be read for an English, but for a history class as well because of the Puritan background. Nathaniel Hawthorne wasn’t just an author that blended in within his era, he stood out. Hawthorne was unique. He used identifiable contexts that influenced his work, and wrote in mediums such as short stories and novels. In my opinion what made Hawthorne so unique is that he was not only just a writer but he was a very meticulous critic on himself†¦show more content†¦Not everyone agreed she should die, so instead she was thrown into jail and forced to wear a red â€Å"A† on her chest to represent her mistake. At the end of the novel when Dimmesdale exposes himself to the tow nspeople with his flesh seared â€Å"A† on his chest, then continues to fall dead, this is an obvious representation of Romanticism. The tragedy that surprises the readers allows this novel to be classified under that movement, which Nathaniel Hawthorne was know for. As Hawthorne grew older he began to grow in his writing as well. He started writing more romantic considered fiction that portrayed his own beliefs in life. In the nineteenth century, it wasn’t as modern as it may be suspected. Yes they could reproduce photos, but it was a long process. Because of this, Hawthorne wrote extensive descriptions with a lot of imagery to give the reader enough information to be able to picture what was going on at that moment. Nathaniel Hawthorne was also known to focus on the main character. He could focus on many different things, but he mainly focused on the characters daily mental struggles they had with themselves. A good example of Hawthorne doing this in his writing is i n the short story Young Goodman Brown. To me this characteristic of Hawthorne’s writing is shown throughout the whole story. Goodman struggles internally with whether or not he should continue into the forest or not. He doesn’t want to stab his family and friends in the

The Success of the Kalam Cosmological Argument in...

The Success of the Kalam Cosmological Argument in Establishing an Existence in God The kalam cosmological argument is an argument from the existence of the world or universe- to the existence of God, I think this is effective because the existence of the universe, such arguments claim, stands in need of explanation, the only adequate explanation, the arguments suggest, is that it was created by God. This is because it says that everything that has a beginning of its existence has a cause of its existence and the universe has a beginning of it’s existence; so it must have a cause to exist, and this cause is God, therefore God exists. The argument claims that everything that begins to exist has a†¦show more content†¦The proponent of the kalam cosmological argument must show that this cannot be the case if the argument is to be successful. The idea that the universe has an infinite past, stretching back in time into infinity, is both philosophically and scientifically problematic. All indications are that there is a point in time at which the universe began to exist, eg/ the big bang. This beginning was either caused or uncaused. The cosmological argument takes the suggestion that the beginning of the universe was uncaused to be impossible. The idea of an uncaused event is absurd; nothing comes from nothing. The universe was therefore caused by something outside it, God. Without God there would be one entity, the existence of which we could not explain, namely the universe; with God there would be one entity the existence of which we could not explain, namely God. Positing the existence of God, then, would raise as many problems as it solved, and so the cosmological argument would leave us in no better position than it found us. But there is a distinction drawn between the universe and God is that the universe has a beginning in time. Everything that has a beginning in time, the kalam cosmological argument claims, has a cause of its existence. The uncaused existence of God, who does not have a beginning in time, is consistent with it’s claim. If