Page 28 - Banking Finance November 2020

ARTICLE

through more and more use of mobile applications in which
they are doing transactions with having a link to their
account details. The customers are giving access to all the
details even if they are not required for every application.
Besides, the customers are not using any security measures
for saving their data.

Precautions to be taken for Cyber

Security:
We have discussed various types of Cyber Security threats.
Now it is necessary to discuss about the basic precautions
that can be taken for preventing such type of threats. Some
of them are discussed below:
Desktop Security: It is very much necessary to keep our available in the system as well as their personal
desktop secure. It starts from locking the desktop whenever information/files are available to all. The password for any
we are leaving our seat. The locking of the screen can be of the application should not be simple so as to be guessed
done by pressing Alt+Ctrl+Del and then selecting the option by anybody and it should not include name, date of birth,
of locking the computer. But the same can also be done in anniversary, any other personal information or having 'easy
fraction of a second by simply using the combination of to guess' clues. The password used should be long and a
Windows+L. It prevents the data of our desktop being strong one which is difficult to guess and should be a
misused or deleted by any of our colleague/customer having combination of numbers, upper, lower & special characters.
any malafide intention and who may use this opportunity of A zero can be used for substituting the letter O or @ can
misusing our system if it is found unlocked/open at some be used for the letter A.
point of time. Besides, some more precautions are
necessary to be taken for securing our data in our PC. The longer and more complex the password is, harder it is
to crack. It can be a nonsense phrase or grammatically
It includes keeping our desktop screen clear and minimum incorrect phrase. But sequentially words/numbers on a
files should be present on it as desktop is a part of C:\ drive keyboard such as qwerty9876 should be avoided. If a phrase
and if due to any reason, the hard disk is formatted, all the is used as a password, better to capitalize the first letter of
files present in C:\ drive are difficult to recover. So, it is each new word, which will be easier to remember. The
advised to keep our important files in any drive other than password should be changed often and especially if we have
C:\ . We may have some files which may be of daily use. In a doubt that somebody has come to know about our
such case, we can create a shortcut of the same on the password. Although, it is very difficult to keep different
desktop and use it. Also, sharing of folders should be avoided passwords for various applications, but still it is advisable to
because when we share a folder, all the contents available do the same.
in the folder become available to all the network users and
are prone to risk. So, if it is very necessary to share some Also, reuse of passwords should be avoided. It is also very
content or file on the network , share that particular file important to keep our passwords safe and secure and at a
instead of full folder. place in our mobile/computer which is not within plain sight
of other people (never on sticky notes on our work
Password Security:Password security is very much important computer). Even if we are storing a list of passwords or
for every application, whether it is desktop or any mobile password hint sheet in a document file in computer/mobile,
application. Often, it is seen that in offices, either the name it randomly so that it is not easy to guess by snoopers
passwords kept by the users for their systems are same or and better to have a master password for that file (which
known to their colleagues. It is very risky, as the data at least should not be forgotten.). Besides, it is also to ensure

28 | 2020 | NOVEMBER | BANKING FINANCE