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How to plan for Internet outages in the financial sector

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How to plan for Internet outages in the financial sector 1

 

By Yogi Chandiramani, VP of Solutions Engineering, EMEA at ThousandEyes.

Internet banking has transformed the way consumers engage with their financial providers and spawned a new breed of financial services (FS) companies that are reimagining the banking and payments industry. Internet outages are disruptive to any business but for financial services, where trust is pivotal, financial losses and reputational damage can be particularly severe. In fact, the average cost of downtime for FS organisations is up to £4,400 per minute.

With a business model reliant on the Internet, the task of monitoring and managing outage events moves beyond the confines of the FS firm’s network, where visibility is easily achievable, to external cloud and Internet networks. For many FS organisations, however, the Internet is a “black box” and when disruptive events occur, IT and digital operations teams are often unable to identify the source or respond effectively. By knowing how outages can occur and where, FS businesses can better arm themselves and benefit from significantly reduced resolution times and better customer communication. Here are some of the most common causes of large-scale outages to look out for.\

When Internet Service Providers Fail

The Internet is made up of thousands of autonomous networks that are interdependent on one another. A frequent cause of outages are derived from infrastructure failures among Internet Service Providers (ISPs). ISPs provide transport of Internet traffic on behalf of individuals, companies and other ISPs. An infrastructure outage caused by a faulty router or fibre cut can impact a FS business’ ability to connect to services – even if they don’t have a direct relationship with an affected ISP. In preparation for when an ISP outage occurs, FS firms need to know what networks their traffic is touching, which requires modern monitoring options beyond the confines of their own four digital walls.

The Power and Complexity of the Cloud

As both traditional banks and new fintechs continue to harness the power and agility of cloud services, migration also introduces new vulnerabilities. Moving critical applications and services to the cloud means IT teams no longer have to worry about building and maintaining infrastructure, however, at the same time, cloud computing introduces heightened unpredictability due to the complexity of Internet and cloud connectivity.

That said, most cloud vendors have redundancy measures in place to mitigate the impact of outages on customers. For example, in these past few months during the coronavirus  pandemic, cloud providers have fared well in response to increased Internet usage, recording fewer outages compared to ISPs. However, downtime caused by a cloud outage can still have a significant impact and on a large scale. Last year, for example, Google Cloud suffered a 4-hour outage that impacted shopping services like Shopify. For FS businesses, mitigating this risk involves ensuring that cloud architecture has sufficient resilience measures – whether on a multi-regional or multi-cloud basis.

The Risk of Malicious Intents

For reasons including hacktivism and commercial competition, a common type of reachability outage is caused by a Distributed Denial-of-Service (DDoS) attack. This is when hackers deliberately take a service offline or deny legitimate users access to a service by overwhelming it with a large number of requests simultaneously. According to recent research, FS organisations have experienced a significant increase in DDoS attacks over the past three years, with DDoS being the second biggest threat behind credential stuffing. While DDoS events are an unfortunate reality of operating on the Internet, it’s important to have visibility into the scope, impact and behaviour of these events and be able to validate that DDoS mitigation steps are effective.

Two other deliberate reachability outage types include Domain Name System (DNS) hijacking and cache poisoning. DNS works as the phonebook of the Internet, translating IP addresses to ensure that web traffic reaches the intended domain, such as a banking web page. DNS hijacking and cache poisoning share a similar end goal – to redirect users to draw traffic away from legitimate servers and over to a fake one in a cybercriminal’s control. Both types of attacks can easily lead to users unintentionally installing malware or giving up their personal and financial details into a hacker’s website, thinking it’s a legitimate one. To keep abreast of any malicious attempts, FS businesses can employ DNS server and trace tests to continuously monitor the state and availability of their DNS records.

Hijacking Internet Traffic

The border gateway protocol (BGP) is a critical component of Internet traffic. When a user wants to access a website or service, their traffic flows from “Point A” to “Point B” through a chain of service providers and third-party vendors that route the traffic to its intended destination. Fundamentally, the order of the transit is built on trust between the entities involved and in a BGP route hijack scenario, a malicious actor takes advantage of this trust-based system by diverting traffic from an intended destination to an illegitimate one. In 2018, the popular crypto wallet app, MyEtherWallet, was attacked by means of a BGP hijack, resulting in hackers gaining access to users’ accounts. BGP incidents are still on the rise and any company offering online digital services need to ensure proper monitoring processes to ensure traffic reachability.

An Ongoing Constant: Human Error

Lastly, it’s important to acknowledge that sometimes even human error can cause major outages across networks and applications. An internal mistake, like inadvertently taking servers offline, can manifest as network packet loss or lack of service availability for end users. These instances serve as a reminder that no matter how much automation is in place, there is always a chance of operator error.

The unpredictableness of the Internet means that outages of all kinds are inevitable.

As cloud migration and digital transformation continue to change the way that FS companies do business, delivering a best-in-class user experience will be dependent on multiple third parties as well as internal systems. For FS organisations, resolving dreaded downtime issues as quickly as possible means implementing network monitoring systems to inform recovery plans and provide a holistic view of Internet performance as well as dependencies across websites, applications, and services. Having an adequate level of visibility allows IT teams to focus on fixing the outage, rather than spending valuable time trying to locate where – across the vastness of today’s modern networks – it took place to begin with.

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How You Can Make Money From Home

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How You Can Make Money From Home 2

There is no secret to making money online, the only secret is your persistence. Hidden away between the tips on starting a wine club, taking up a photography club or joining the wine revolution, there are smart tips that anyone could use to earn money online without having to quit their day job. We have written lots about the many ways people abroad to help finance their lives.

A good place to start with online jobs is with paid surveys. Surveys pay for your time and allow you to earn a bit of extra cash. The reason you will be able to earn more than what you are actually worth is that a survey company will pay to send you their questionnaire so that you can answer it. The more accurate and detailed your answers the more likely you are to get paid.

There are many survey companies available, you need to choose wisely and carefully as some surveys are paid better than others. For example, you may get paid well if you give an opinion on the health of wine or food. You may get paid just as well if you offer an opinion on which type of music you like.

Another great way to make money online is to write articles. You could write an article and then sell it to an affiliate. If someone likes what they read you will get a commission.

If you are unable to write or if you do not have the time, you could hire someone to write for you. This could be someone who has experience in web content writing or a freelance writer. You could also sell your own articles on an affiliate website such as Clickbank or Commission Junction.

It is easy to make money, it can take some time but it is definitely possible. All you need is determination and discipline to keep at it.

Many people overseas have chosen to live off the grid lifestyle. There are many benefits to living this way and one of them is being able to make money from home.

There are also a lot of opportunities to make money doing research online, there is a constant increase in the amount of knowledge that is available to the public. It is much easier to research and discover new ways of earning money. and you can get started in a short space of time. So, I encourage you to give it a go.

One of the easiest ways to make money online is by becoming a blogger. It really is very easy to become a blogger. Just type ‘blogging’ into Google and then fill in all the details. It is easy and it can even start to look lucrative.

Blogging is a good way to earn money if you have an understanding of the basics. You need to write about something that interests you. This could be about your family life, your interests or even a hobby that you like.

Once you have set up a good website for your blog, the next step is to get visitors to it. One way of doing this is by putting up advertisements. This is just the same as writing articles for other websites.

Some people choose to make money by selling products. You can do this in two ways, through a site such as eBay or through affiliate marketing. You could sell e-books or products related to the niche you are blogging about. The great thing about eBay is that there is always a steady flow of visitors.

These two ways are only two of the many ways to make money online. I recommend you look at all the options and find the ones that work best for you. Once you have found them, you will never stop learning about ways to make money online.

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How To Avoid the Risks of Poor Credit

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How To Avoid the Risks of Poor Credit 3

Security Finance is an unsecured debt collecting agency that, via a network of affiliated companies, provides “secure” personal loans to consumers who may otherwise struggle to meet their existing debts. Their loans are generally short-term, and their conditions often vary dramatically from those of traditional short term personal loans. The services they provide can be invaluable to both the consumer and the lender.

Security finance offers a wide variety of loans. These include: home equity loans, revolving credit lines, commercial and business loans, car and motorcycle loans, and other types of unsecured loans. These loans can be used for almost any purpose, and they will be more beneficial to the consumer than those offered by banks and other unsecured lenders.

Secured personal loans offer an excellent alternative to the high rate of interest paid by unsecured loans. The interest rates are often less, the terms are easier to meet, and they are often better suited to meeting a consumer’s unique financial situation. The collateral provided with the loan usually allows security that the loan will be repaid in a reasonable amount of time, with little or no difficulty.

Secured loans require the debtor to place collateral, such as his or her car, home, or other valuable asset, in order to receive the money they have been borrowing, and are therefore considered by the debt collector as an attempt to recover something that has been taken. Debt collectors will not hesitate to call a borrower who does not follow the terms of his or her loan agreement and in some cases will go as far as harassing them, calling and/or sending letters in an attempt to collect on a debt.

When applying for a secured personal loan, many borrowers are worried that the debt will affect their credit score. The fact is that there is virtually no correlation between the amount of credit available and the credit score. However, secured loans will typically have a much lower credit score than unsecured loans. This is because the borrower is putting his or her assets in a bank account where they are likely to be liquidated for payment.

It is important to remember that the loan does not negatively affect the credit history. The only time it can result in damage to a credit report is if it is reported incorrectly. If a borrower were to try to pay off a loan on a credit card that was reported as being “lost”, he or she would then be making the error a second time.

Security finance offers consumers an exceptional opportunity for personal development through the use of online applications, and the ability to make several payments on the same day to avoid late fees and penalties. This service also makes it easy to avoid late fees when paying loans off at the end of the month.

The ability to apply for secured loans online provides a tremendous opportunity for the consumer to improve his or her credit score. Security loans can provide a large number of benefits to people who are in financial difficulty, including: low cost, low rate loans, low credit, and the flexibility of being able to make multiple payments.

If you are considering applying for a secured loan but have never applied online, you should take advantage of the opportunity to make several purchases in a short period of time, rather than waiting until the last minute to apply for an unsecured loan. By using the secured finance website, you can save yourself the time and stress associated with filling out an application and can ensure that your credit report shows your financial progress accurately.

Once you have applied for a secured loan, you should also make sure that you understand the terms and conditions of your loan, including any interest rate that may apply to the loan. Be sure that you understand the term of the loan in full and fully. Do not hesitate to ask any questions that may arise. You should always contact the company directly when you feel that you are not fully clear on a matter regarding a loan.

Secured finance loans are a great way to increase your credit score while avoiding the hassle and expense of filling out and paying off an application by mail. Because the borrower is making a direct deposit of money into an account, the credit report that shows up on credit reports is often inaccurate.

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How To Find Free Rates On Money Exchange

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How To Find Free Rates On Money Exchange 4

Money is a common item that can be bought, traded, exchanged or sold. This usually includes the value of the currency as well as gold and silver. Money is commonly accepted as payment of certain obligations, including taxes, and payment of certain goods and services in a specific country or socioeconomic context.

There are three money systems in the world. The first is the use of coins or other units of currency, which are available in fixed denominations. The second is barter. It involves exchanging items of utility with other items of utility. In the third system, known as fiat money, there is no central authority that decides what the money supply is, and the monetary base is determined by political will.

The most common monetary system is the gold standard, which was used as far back as ancient Greece and Rome. In this system, coins were designed to be redeemable for gold bars. Gold, however, had a relatively high price at the time, and most individuals had no access to it. Barter is much more popular today, and most people live their lives in barter, trading items with one another.

In some nations, the second money system is called paper money. Most countries have national currencies, and each government issues money in the name of their country. This type of money is not backed by anything of physical value. It is not held by the government or bank. It is simply made from paper. Since most countries use this kind of money, it is known as the official “money” of the country.

Electronic cash was introduced in 1970. This system is very similar to barter. Instead of bartering for items, electronic money is created electronically. It is created electronically to represent actual objects that can be used as payment, and then is transferred to the buyer. The process is very similar to barter, except that there are no actual goods to be bartered for. It is considered a virtual currency.

There are many different types of money, and each one has its own characteristics. Money in the U.S. has a backing and is created by the federal reserve. Money in England is backed by the pound sterling, while the European Central Bank in Germany uses the euro. has a currency known as the Deutschmark.

Each form of money has its own advantages and disadvantages. People who use different forms of money have their own reasons for doing so. Many people choose to exchange one form of money for the other, to get the best rate on an item they need or want. Some choose the same form of money for more than one transaction.

Money exchange services offer different services to help people get the best rates on money exchange. They include a variety of methods that can help someone get a better rate. Rates vary depending on the length of time you wish to get money, the size of your order, and the current value of the item you are exchanging. Some of these services can also provide you with a credit card or other form of online payment to transfer your money through.

These services are available almost everywhere. You may call around to various companies for rates, or you can check out the Internet. There are several places on the Web that will give you free quotes, and compare rates among companies. It is important that you understand the rules and regulations that govern the rates you receive from these companies before you agree to any deal.

There are several different online providers. You will often find them listed under the names of a variety of different names, such as Money Exchange, Moneygram and eCash. If you are interested in getting quotes from multiple companies, make sure to ask around for quotes from at least three. so that you have a clear picture of how much the rates will vary and from which company to go with.

Many places will offer you a variety of free quotes if you fill out a form. Others will charge a fee for this service. To get an estimate, you should send out several free quotes. and then make sure to follow up with the companies.

To be able to get the best rates, it is very important that you get as many quotes as possible from different companies on the Internet. There are many sites that you can go to. Some will charge a fee to get these quotes.

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