The Vulnerabilities of Outdated Operating Systems

Keeping your computer’s operating system up-to-date is rudimentary to keeping the system secure. Why? Whether your computer is built around a Windows, Mac, Unix, or Linux-based operating system (OS), the developers of the operating system – whether maintained commercially or through open source communities – are attempting to enhance the capabilities, features, and most importantly the security of the system. When a manufacturer releases a new OS, they are not just looking to profit from a new product, they are striving to produce and distribute a better product. In fact the latest trend this past year in commercial operating systems released by top corporations in the industry (i.e., Apple and Microsoft) is to provide consumers with FREE upgrades to the latest operating system. This means that corporations are not even profiting from the distribution of their latest system. So why not upgrade your computers’ operating systems when there are no financial costs involved?Going back to why developers change operating systems on a regular and ongoing basis; while it has everything to do with business, only a fraction is about profits. One of the greatest advantages with a free market is that businesses will compete to produce a better, more desirable product. While competing to improve products, in this case, operating systems, the developers strive to enhance virtually all aspects of a system, including but definitely not limited to its security features. This is not an article on economics, but on why users should focus on the benefits in upgrading computers’ operating systems, instead of the drawbacks, and how upgrading the OS may improve the security of the computer and the user’s data it stores.Often users have kept computers on the same operating system (usually the OS pre-installed when the computer was purchased) for years and even decades. Non-technical users will hesitate to upgrade the OS in order to avoid making any changes that might break the computer, or worse – might rearrange the desktop, menus, and toolbars in such a manner that it is difficult for the user to navigate or utilize. We get it, change is scary. When desktops and menus change appearance, and options are relocated, it can be hard to adjust to the new layout. Yet, if a user can overcome the temporary inconveniences of navigating a new operating system, he or she will experience the comforts and assurances that come with the upgrade.Over a period of time, the number of exploits into any (and every) type of OS will increase thanks to penetration testers, hackers, and malware developers. The truth of the matter is that the longer a system is in circulation, the longer programmers have been attempting to exploit it through hacks, cracks, malware, and other tricks. It is a never-ending game of breaching and patching a system that makes it more secure. The problem with legacy operating systems – note, the word legacy is meant to describe a product that is no longer supported by the manufacturer – is that any newly discovered vulnerabilities in the system will never be patched or secured. Security vulnerabilities can allow attackers and/or malware to bypass network protocols, execute remote codes, escalate access privileges to system programs and files, disclose or collect user profile information, corrupt system drivers or files, cause a denial of service, and perform other activities that could harm the user, the system, and/or application(s).When an OS reaches the end-of-life date set by the manufacturer, there will be no more resources or support available to maintain the retired system. The manufacturer will invest its resources in a new(er) system or product. Thus, when a manufacturer retires a system, so should the users. Users that keep their computers’ OS upgraded and up-to-date will have access to multiple types of patches for vulnerabilities, including:

Definition Updates. Definitions added to system databases are used to detect malicious code, phishing websites, and/or junk mail (spam).

Security Updates. An update will include patches or fixes for a product-specific, security-related vulnerability.

Service Packs (Windows-only). A service pack consists of a batch of cumulative hotfixes, security updates, critical and non-critical updates.
A computer that has a supported OS can access the latest definition/security updates and service packs that are tested and released by the developers. Users that do not upgrade their computers’ operating systems, which have reached end-of-life, are leaving their computers and data at risk of being compromised.

7 Signs of a Decaying Financial Portfolio Management System

One of the biggest threats that most Portfolio Managers face is the prevalence of legacy systems.Over the past three decades, investment advisors have been empowered by the advent of technology from simple spreadsheets to complex home-grown systems. From that time to the present, the industry has seen exponential growth and with it, enormous complexity. Challenges include round-the-clock trading in markets from New York to Sydney, varying accounting standards, shortened settlement cycles, and of course, increased regulation and security issues to name a few. As if that were not enough, technology seems to change every day leaving many legacy systems struggling to keep up with customer demands. Cheaper, faster, smarter, and more efficient norms are expected – they cannot be the exception. Failing systems can sharply undermine your company’s ability to service its customers and maintain its market share, much less grow the business.In this age of big data, business intelligence, and data analytics, legacy systems can represent a massive risk to your business. If day-to-day operations require the ability to manage process, distribute, and accurately report financial data, being behind the curve is not an option. If this sounds familiar, it is time to ask, “How did we get here?” and more importantly “How do we get out?”Here are the seven signs that will tell you if you have a decaying system and how it must ideally operate:1. Facing difficulties while managing data due to disparate systems?Maintaining data in different systems or manually moving move data from one system to another will lead to inconsistency and errors. Is your data quickly identifiable, consistent across multiple systems, complete, accurate, and reconciled among different systems? If your answer is a NO to these questions, you must reevaluate your platform. Your system must be able to eliminate manual data flow, update all the data with a single change, deliver timely and accurate reporting including intra-day, and make data easily traceable.2. Are your client communications professional?Investors expect your reporting to be clear, concise, and highly customized to their needs. This statement holds especially true for institutional investors. Organizations that can meet these expectations will have an immense competitive advantage over those that cannot. If your current system does not deliver the level of reporting your clients expect, you will run the risk of falling behind.Your client expectations are not limited to the form and content of reporting, but also to how you deliver information. They expect instant access to real-time information, be it through a web portal or a mobile platform to stay relevant and highly competitive, your systems must be flexible enough to send and receive communications via any channel of your client’s choosing.3. Struggling to cope with complex global investments?Dealing with multiple regional and global investment regulations such as UCITS V and VI, Solvency II, AIFMD, and EMIR is a daunting task. All these regulations require you to maintain reliable, accurate, and transparent data. To comply with these regulations, you need Workflow Management, Data Management, and accurate reporting. Data, managing risk, and maintaining accuracy is critical to comply with regulatory reporting requirements.With the increase in data sources and data complexities, your organizations need solution providers who can help you manage your data. Your system must not only be scalable but also provide actionable business intelligence in a format that is easily understood.4. Finding it hard to achieve Integration of disparate systems?Real integration is not a matter of simply connecting systems – your systems must be able to talk to each other seamlessly. Manually moving data from one system to another affects your efficiency, thereby, increasing the risk of errors. Integrating disparate systems not only reduces these risks but also improves efficiency by ensuring that back office and front office personnel can view transactions, cash positions, and holdings identically. This ensures that the entries are recorded accurately in your Investment Book of Records (IBOR).Many organizations use multiple systems for accounting, reporting, reconciliation and managing client information. If different vendors have provided these systems, making them talk to each other could be a challenging process. If you have workarounds or portfolios that reside outside of your legacy system, it is time to rethink its usability. Your system must allow centralized and standardized portfolio management activity. In an end-to-end portfolio management solution that is built on open architecture, the work of multiple systems is consolidated into a single platform. Such a solution will allow easy access to third-party systems or any other system that is built in-house, thereby enabling you to reduce technology footprint while driving greater efficiency.5. Escalating legal and compliance costs?A 2013 survey of Chief Technology Officers suggests that one of the biggest operations and technology challenges that asset managers face is to comply with the current and future regulatory requirements. The complex regulations make outdated reporting systems more of a liability than an asset. The compliance costs of regulations such as AIFMD, UCITS V, and VI, or FATCA-are overtaking many budgets. Additionally, aggregating data from different systems for compliance reporting is a risky and resource-consuming process. To reduce these risks and costs simultaneously, your system must be prepared to deliver consolidated reporting, by leveraging automation, integration, and standardization of data from various sources. Your systems must also eliminate the manual compilation of data for reporting, thereby increasing efficiency and cutting associated compliance labor costs while ensuring integrity, consistency, and reducing your operating risk.6. Being scrutinized by Investors’ due diligence?After surviving the global economic crisis of 2008, institutional investors have become extremely wary of due diligence, leading to immense scrutiny of operations. The 2008 crisis exposed operational risks – the risk of failure that not only involved market forces but also the lack of infrastructure and controls. Investors have also become increasingly tech-savvy; they are asking the right questions and know what to find. To remain competitive in this vital market, your system must stand up to the intense investor scrutiny. You must show that you have the controls in place to manage the risks efficiently and that you are already adhering to well-organized processes. If Investors sense any gaps in your workflow and find that you are dependent on manual processes and workarounds, they will take their money elsewhere.7. Legacy systems are not supported, serviced, or enhanced in the way you expect?A product is only as good as its provider. Is you provider paying enough attention to you after the sale with 24/7 support? Does your provider have a track record of continuous product updates? Do they provide product training? Are they attentive to your suggestions or new ideas? Your provider must provide long-term support if you want your new system to last. Your product must be scalable, flexible, and must be built on open source technologies. In addition, your provider must not only help you set up but also ensure that your systems perform optimally without any disruptions. A relationship is a two-way street; as such, providers must be able to respond to your issues quickly, and also help your business adopt new functionality as and when it is needed.Invest in your growthA portfolio management system is the heart of your business. With a weak system, your business can be at serious risk, and you may not have the time to address it before it fails completely. Investing in technology will give you greater efficiency, reduced risks, and help you make informed decisions. Your provider, therefore, must have a proven track record of being committed to long-standing services, continuous improvement, and support you as you grow.

What To Focus On When You Want Make Money Online

For some, working online can earn them enough money to support themselves as well as their families. While there are lots of benefits to working online and making it as your full time job, there are some risks as well. One of these is that you are your own boss. You are the one responsible to find work, to pay expenses, to earn money, etc. This puts more uncertainty on you economically compared to a normal job would.For those with a regular job, but still want to earn additional income, there are various options available. One of the best ways to make money online involves writing. Spending few hours a day writing an article for other sites can earn you a few hundred dollars per month. You can also submit original content to websites that distribute ad profits or start your own blog to generate ad proceeds. The main benefit of choosing to make money online blog or submitting original content is that they give you an easy way to earn extra income that does not take a lot of your time.Working as a freelance writer is also one of the best ways to make extra money online. Websites require content to attract visitors. The truth is that a lot of website owners do not have the ability or time to regularly write quality content. This presents an opportunity to those with some free time and writing skills. By providing quality content for these websites, you can be paid for every article letting you make money online legit.Writing original content for websites that share advertising profits is another great way to earn money through the web. Although you will not make much money at first, over the long term, what you can build is passive income. Essentially, any article you post online will be there until it is removed and it will continue to earn you money over time. While this will not make you rich, given enough time, you’ll be able to see some profits from this way.What to Consider When You Choose to Make Money Online?When thinking of the best way to earn extra income online, it is important to consider 2 factors. How much cash do you want to make? How much time are you eager to spend? Writing articles for one payment is most likely the easiest way to make extra income. Most sites will post the amount you’re going to earn from the job along with other information about the things the article should include. If you’re willing to wait longer to see profits, you can begin writing and posting articles and realize some income eventually. Online marketing is another way to make money on the web and if you’re interested to pursue this, here are some things you need to keep in mind.Make Money Online Now – Important Tools You NeedYou have to consider a lot of things when you first take part in the world of online marketing. Creating or choosing the right products or services, monitoring its performance and bringing traffic to the products to make sales are enough to keep you busy. However, before you start to concern yourself with those things, a starting point is needed. Here are the most important tools you should have in order to earn additional income online.• Website. You need to have your own site in order to establish a presence on the web. Separating yourself from other marketers out there is important. Your site not just provides you with a place to market your services or products, but also establishes an awareness of your brand, the individuality that you bring to the market.• Web Hosting Provider. This service provider simply offers a storage place for the files that comprise your website. Your domain name will be related to those files and that’s how visitors can access your site. There are lots of various hosting companies, so it’s important to do your research and remove the bad ones. Choose the one that offers 24-hour customer support and consistent reliable service.• Domain Name. Keep in mind that a good domain name will mirror what your site is all about. If possible, you’ll want a name that includes keywords related to your business. Keywords are a word or a combination of words that web users input in search engines to look for a certain site that matches the topic they’re seeking. If your domain name has keywords individuals use as their search term, it’s likely to bring your site many targeted visitors.• Content. At first, you might see just a small amount of visitors to your site. To bring more web users to your website, consider posting occasional articles to get attention from major search engines that will bring more visitors. Whether you hire a service provider or write your own article, make sure to keep the content fresh and linked with topics closely matching the services or products you have on your site.• Autoresponder. With your site up and running, it will be advantageous to have lists of email addresses gathered to keep visitors informed of the services or products you provide. This task can be hard unless you get an autoresponder service. Collecting the email addresses of your visitors allows you to include them in a list in the autoresponder. It’s then possible to email your whole list with information that’s valuable to them and will build a strong relationship that brings them back to your site as repeat clients. This is easier and faster than having to separately write every client, which is not a very favorable thing to do if you have hundreds or even thousands to communicate with.To earn extra money online, you’ll realize that having your own site, a reliable web hosting service, a good domain name, quality content to keep bringing visitors back and an autoresponder that helps you create a list of clients will be a winning method to your success on the web.