Free Essay

Business and Finance 5200

In:

Submitted By yel3low3
Words 487
Pages 2
'Ethical hacker' reveals trade secrets

What comes to mind when you think of wireless Web surfing? It may not be security, or lack of it. There are nearly 30,000 public wireless "hot spots" in the United States at places such as parks and cafes, but there's more to consider than just where to log on. The convenience comes with a caveat.

"Understand that the information you're sending is very similar to standing up here in the park and shouting out all the information -- would I normally do that?" said Richard Rushing, a wireless expert with security firm Air Defense who visited an Atlanta park to show security vunerabilities.

Rushing is considered an "ethical hacker" and works with companies to strengthen their wireless networks. He said many people don't realize they could have all their personal data stolen while checking out their checking account.

"It's great to be able to sit somewhere and work without having any wires attached, no nothing attached, but you have that risk that it comes back to," Rushing said.

At the park, Rushing was able to log onto an unsecured hotel wireless signal in a matter of seconds. To illustrate how vulnerable such networks can be, Rushing then sent an e-mail and intercepted the entire contents of the message. He could've done the same thing to any of the dozens of people sitting nearby in the park.

"At any point in time, I can reach out and touch everyone's laptop at the hot spot, and there's usually not any way of preventing that -- from me touching and looking at other people's stuff at the hot spot itself," Rushing said.

He also demonstrated a growing concern called "evil twins" -- fake wireless hot spots that look like the real thing.

For example, he said, a hacker could be sitting around the corner sending out a wireless signal. It may look like a legitimate one, even offering people a chance to sign up for service. But if you log on, the hacker then would have complete access to your machine.

He said anybody with some tech know-how and the right tools can break into the basic level of wireless security that's commonly used. There are even how-to video instructions online.

Rushing said people need to imagine that nothing is truly private at a wireless hot spot.

"A lot of the time you really want to stay away from doing certain things at the hot spot that you would normally not do if you knew somebody would be watching," he said.

Nevertheless, Rushing doesn't discourage using wireless. He tells people to be aware of what they're sending and the potential for theft. In other words, it's a good chance to read the baseball scores, but even if you're sitting by yourself, it doesn't mean you are all alone.

There may be no wires attached, but the convenience still comes with strings.

Similar Documents

Premium Essay

Business and Finance 5200 Chapter 1

...Each week you will have a set of homework problems to complete. They are due by the following Sunday night at 11:55 pm, central time. For Week 1, please turn in the answers to the following questions: 1. Describe the field of finance. How is it different from the field of accounting? a. Finance is a powerful and influential field that can be defined as the art and science of managing money. Virtually all individuals and organizations earn or raise money and spend or invest money. Finance is concerned with the process, institutions, markets and instruments involved in the transfer of money among and between individuals, businesses and governments. b. Accounting is the methodical or precise recording, reporting, and assessment of financial deals and transactions of a business. Accounting also involves the preparation of statements or declarations concerning assets, liabilities, and outcomes of operations of a business. In other words you could best describe accounting as the process for identifying, measuring and communicating the economics information about an entity for decisions and informed judgments to make financial decisions as well as performing traditional accounting duties. 2. In a typical corporation the finance function is divided into two divisions, or departments. What are they? What does each department do? a. The Controller: Is responsible for the maintenance of adequate internal control and for the preparation of accounting records...

Words: 1573 - Pages: 7

Premium Essay

Case Analysis

...Slater BUSN 5200 Week 1 Homework Assignment 8/25/2013 1. The field of finance is basically deciding what to do with the money you have, and the field of accounting deals with figuring out how much money you have. 2. The two departments that the finance function is divided into are treasurer and controller. The treasurer’s office is responsible for managing the firm’s cash and credit, its financial planning, and its capital expenditures. The controller’s office handles cost and financial accounting, tax payments, and management information systems. 3. The three forms of business generally encountered in the US is sole proprietorship where one person owns everything, partnership where two or more people jointly own everything, and corporation where owners may be any number of people who all own shares of the business/stock. 4. The basic goal of a business is to maximize the wealth of the owners/stockholders. 5. Wealth is what each of the owners possesses as a result of being an owner, and it is stated on a piece of paper in the “share of stock” that gives the owner the right or claim to receive money from the corporation. 6. The three main factors that affect the market price of a corporation’s stock is expected EPS which is the profits per share, timing of cash flows, and risk which is the possibility of not getting expected cash flows or of having to pay them to someone else. 7. Saying that the basic financial goal of a business is to “maximize...

Words: 400 - Pages: 2

Premium Essay

Week 1 Homework Assignment

...BUSN 5200 Homework Assignment for Week 1: 1. Describe the field of finance. How is it different from the field of accounting? Finance is a multifaceted field that relates to many aspects of life and business and it is beneficial to understand its impact. Knowing how finance works in different areas is crucial in budgeting investing and making your assets go far. In the text, Finance consists of three areas; corporate finance, investments and financial institutions. Corporate finance ( synonymous with business finance). Investments, which consist of financial assets like stocks, bonds; in this field you deal a lot with stock brokers as well as security or financial analysts. Financial institutions which are most commonly banks, insurance agencies, etc. and deal with financial transactions. There is a fourth element which the former three categories fall under which is international finance; however, is overseas and expands the definition of finance. Accounting vs Finance. Accountants should possess at least a general knowledge and more depending on their occupation because Finance and Accounting should go hand in hand, meaning one cannot exist without the other. In areas of corporate finance it is required to have accounting experience or education because many accounting principles use finance in its business decisions and duties. Additionally, as finance grows and changes it affects accounting practices, i.e. financial statements. Furthermore, cost accounting...

Words: 1439 - Pages: 6

Premium Essay

Office Depot

...Office Depot William Garcia Webster University Basic Finance for Managers BUSN 5200 Jason Fowler, MBA, CPA December 09, 2011 Office Depot There are organizations that provide essential services to society in which people and other institutions become very dependent of these services. Office Depot is one of these organizations, which offers services and products that are vital to daily operations around the world. The taking care of business history and the ability to provide office supplies to not only the United States but many countries around the world, positions Office Depot as a retail leader in its industry. The reputation as a leader in the retail world was steadily built since March of 1986. History Office Depot, Inc. Is a supplier of office products, which is part of the New York Stock Exchange (NYSE) and trades under the symbol of ODP. The organization was founded in March of 1986 by the late F. Patrick Sher, Jack Kopkin, and Stephen Dougherty (Company History, 2011). The founders open the first Office Depot in Fort Lauderdale, FL and by the end of 1986 three stores in Florida were generating over Two million dollars. The organization celebrated its 25th anniversary as a leading retailer providing office supplies and service to millions of customers around the world. The organization provides services through the 1,627 retail stores around the world, a top-rated catalog sales force, and global e-commerce operations. These three sales divisions...

Words: 1587 - Pages: 7

Premium Essay

Busn 5200 Syllabus

... ST LOUIS, MO • GEORGE HERBERT WALKER SCHOOL  OF BUSINESS & T ECHNOLOGY • BUSINESS DEPARTMENT BASIC FINANCE FOR MANAGERS BUSN­5200 SU 2015   Section 07   3 Credits 06/01/2015 to 07/31/2015   Modified 05/20/2015 MEETING TIMES Thursday, 5:30 PM to 9:30 PM, Westport Campus  CONTACT INFORMATION Mike Boland Email: michaelboland57@webster.edu (mailto:michaelboland57@webster.edu) Phone:  636­236­3636 DESCRIPTION Managers and human resources management professionals must be able to understand financial information contained in financial statements and reports. Line managers must be able to understand financial information contained in financial statements and reports in order to evaluate their unit's financial performance, to communicate clearly with other managers, and to apply financial information when making decisions. Human resources management professionals must understand financial statements and principles if they are to effectively assist line managers and be strategic partners with other business functions. This course will focus on the interpretation and use of basic financial information by non­financial managers, not on the production of financial statements and reports. (FINC 5000 cannot be substituted for BUSN 5200.) Requisites None OBJECTIVES OUTCOMES Outcome Expectation Students have a basic familiarity with the field of finance and an understanding of the financial goal of a business, and they have an appreciation for the ethical considerations inherent in financial ...

Words: 1678 - Pages: 7

Premium Essay

European Debt Crisis

...European debt crisis and its impact on worldwide economy Shanika Mitchell-Gregg April 30, 2012 Dr. Tzu-Man Huang BUS 5200 Strategic Finance for Executives EMBA, 2011-12 (Stockton Cohort #7) “The European Union only takes action after the facts. They only address a situation when it has already become a problem.” Zdeneil Kudrna, political economist The European debt crisis was brought on by several Eurozone countries running large budget deficits and borrowing money from central European banks. Out of 27 member states, 17 of those countries use the euro as their currency. The larger countries involved were; Italy (the worst effected), Germany, Spain, Portugal, Greece, Switzerland, Britain and Ireland. The European economic debt crisis has resulted from a combination of complex factors including; the interconnection in the global financial system, that if one nation defaults on its sovereign debt or enters into recession putting some of the external private debt at risk. Easy credit conditions, during the 2002–2008 were a period ones were encouraged of high-risk lending and borrowing practices. International trade imbalances or international interconnection of debt protection, institutions entered into contracts called credit default swaps (CDS) that result in payment should default occur on a particular debt instrument (including government issued bonds). But, since multiple CDS's can be purchased on the same security, it is unclear what exposure each country's...

Words: 1281 - Pages: 6

Premium Essay

Articles of Inc

...Management 301 Ownership 2A California Articles of Incorporation (Close Corporation) ARTICLES OF INCORPORATION I. The name of this corporation is (NAME OF CORPORATION) II. The purpose of the corporation is to engage in any lawful act or activity for which a corporation may be organized under the GENERAL CORPORATION LAW of California other than the banking business, the trust company business or the practice of a profession permitted to be incorporated by the California Corporations Code. III. The name and address in the State of California of this corporation's initial agent for service of process is: Name ................................................................................................................................................................................................... STREET Address (DO NOT USE POST OFFICE BOX) City _________ State CALIFORNIA Zip _________ IV. This corporation is authorized to issue only one class of shares of stock; and the total number of shares which this corporation is authorized to issue is _______________. V. This corporation is a CLOSE CORPORATION. All of the corporation's issued shares of stock, of all classes, shall be held of record by not more than _________ persons. (Signature of Incorporator) (Typed Name of Incorporator), Incorporator INSTRUCTIONS: To incorporate utilizing the attached form, it will be necessary for you to complete the form with the required information. The information must be...

Words: 1933 - Pages: 8

Premium Essay

Financial Analysis

...Financial Analysis of McDonald’s Corporation (MCD)-NYSE 2111 McDonald’s Drive Oak Brook, Illinois 60523 1-800-244-6227 Business 5200 Finance for Managers   PART 1, COMPANY OVERVIEW: a. Brief description of the company: McDonald’s is the leading global foodservice retailer with more than 34,000 local restaurants serving approximately 69 million people in 118 countries each day. More than 80% of McDonald’s restaurants worldwide are owned and operated by independent local men and women. b. Company History: Dick and Mac McDonald opened their eponymous burger stand in 1948 in San Bernardino, California. Under the guidance of Ray Kroc, a onetime milkshake-mixer salesman wowed by the restaurant's success, McDonald's franchises grew swiftly: by the end of the 1960s, there were more than 1,000 across the U.S. The first international franchise opened in 1967 in British Columbia, and was followed by another in Costa Rica later that year. From there, the chain spread steadily: over a six-month period in 1971, Golden Arches popped up on three new continents, as stores launched in Japan, Holland and a suburb of Sydney. A Brazilian McDonald's opened in 1979, bringing Ronald McDonald to South America for the first time. McDonald's reached its sixth (and, barring a sub-Arctic drive-thru, final) continent in 1992, with the opening of a restaurant in Casablanca, Morocco. Four years later, the company heralded the expansion into its 100th nation...

Words: 1553 - Pages: 7

Premium Essay

The Troubled Asset Relief Program

...Troubled Asset Relief Program Basic Finance for Managers BUSN 5200 Troubled Asset Relief Program The Troubled Asset Relief Program as part of the Emergency Economic Stabilization Act was an initiative signed into law on October 3, 2008 by then President George W. Bush. TARP authorized the U. S Treasury to purchase up to $700 billion in assets and securities from financial institutions in a response to a potential financial crisis and to stabilize the U.S financial markets. The big picture financial system of the nation is configured in such a way that it acts as the channel between corporations and individuals. Essentially the financial system is the system that enables lenders and borrowers to exchange funds. This is a process that takes place at all levels. Individuals, banks, insurance companies, and all manner of financial companies are borrowers and lenders to some degree. The ability of money to generate money is accomplished by taking deposits from other sources and lending them out at higher rates than the borrowing rates. This has become the basics of the U S economy. If for any reason the ability to continuously conduct these types of transaction were to be threatened, slowed or stopped the economy itself would suffer significantly and possibly halt as a result. This paper purposes to explore the circumstances within the U.S financial market that led to the apparent need for this initiative, it also purposes to examine the intent of...

Words: 1923 - Pages: 8

Premium Essay

Financial Overview - Mcdonalds Case Study

...Financial Analysis of the McDonald’s Corporation MCD, NYSE (New York Stock Exchange) One McDonald's Plaza, Oak Brook, IL 60523 Map +1-630-6233000 (Phone) +1-630-6235700 (Fax) Abstract McDonald’s is the most famous and well-known fast-food company in the world. This case study examines McDonald’s from a financial standpoint. This case study will be broken down in three parts. Discussed first will be a full description of McDonald’s corporation, including its background, followed by a financial overview with comments for each financial category reviewed, the a comparison of financial ratio’s between McDonald’s and it rival Burger King derived from their 2009 and 2009 annual reports. Finally a support will be provided based off of all findings. Part One: Company Description The McDonald’s Corporation is a well-known restaurant chain that franchises and operates fast food restaurants worldwide. Reuters (2011) states that each restaurant is operated either by the Company or by franchisees. This includes conventional franchisees under franchise arrangements, and foreign affiliated markets and developmental licensees under license agreements. The company’s mission is to be our customers' favorite place and way to eat (McDonald’s, 2011). Company history McDonald’s history originates in 1940, when it started out as McDonald’s Bar-B-Que by Dic and Mac McDonald. In 1948 McDonald’s was officially founded serving only nine items, which included a 15-cent hamburger...

Words: 2116 - Pages: 9

Free Essay

Premier Indiano Cuisine Lounge Marketing Proposal

... Today’s customers, especially business people and tourists crave for a high-end relaxing experience but in an affordable manner where they believe every dollar spent is worth it. Also, they wish for more food options without having to sacrifice one particular cuisine for another. This specially is true for people who go to restaurants in groups. Fusion Cuisine is a fast growing trend.Also, people crave for authentic food, whatever the cuisine may be. US is a land of immigrants. With different people come different cuisine. And it is difficult for people to have any authentic cuisine if they aren’t certified chefs to validate such food. Customers appreciate the fact that the food they are served is as good as it can get and is made by a certified chef. A restaurant ready to exploit this diverse demand of customers’ .i.e.: different authentic cuisines at one place will have unique product differentiator and a unique market stand as well. Manhattan is increasingly becoming a tourist destination. Especially a restaurant at Financial District will increasingly see an influx of customers. With 9/11 memorial and other significant places such as South Street Seaport Historic District, the New York City Police Museum, and Museum of American Finance, made Manhattan see some of the highest number of tourists in last few years. Also given the fact that Financial District is a financial hub, with multiple multi-national offices, we see our business to reach a break-even point in 5...

Words: 3058 - Pages: 13

Free Essay

Expobangla Management Information System

...become part of its success story. Expo Group has ventured into diverse fields of export and import operations, freight forwarding & logistics, airlines GSAs, flight Operations, travelling and etc. The Group draws its strength from a remarkable combination of factors consisting of high customer service standards, business ethics and a committed workforce - all of which contribute to the continued development and growth of the business. As the first overseas office of Expo Group, Expo Group Bangladesh Ltd started its operations in 1992 and has been providing logistics and freight management solutions for importers and exporters worldwide since then. Expo Group belongs to an active group of companies, involved in a wide range of business which includes exports, imports, travel agency, air lines GSA, garments manufacturing and merchant banking. EFL is well equipped to handle all emergencies, airport closures, strikes, riots and any other disruptions which can hamper business. Their vision is to be a globally renowned diversified business, leading in everything they do. Their mission is to lead the way in creating value for all their stakeholders, through the best business...

Words: 3167 - Pages: 13

Premium Essay

Mashroom

...Submitted To: Mr. Hasan Shirazi Course Teacher Entrepreneurship (BUS 305) USB Date: 14th January, 2007 LETTER OF AUTHORIZATION 14th January, 2007 To Mr. Hasan Shirazi Course teacher Entrepreneurship, (BUS 305) USB Subject: Submission of Business Plan. Dear Sir, We are very happy and thankful to you for giving us such an opportunity to show our merits and creativity. We acquired practical knowledge about the starting operation of a business and gathered some knowledge about how to create a business plan. We described here about our company “Mushroom House” and highlight our business plan that includes with financial plan marketing plan and so on. We prepared this plan as a part of our term paper. We will very grateful to you if you accept our business plan and evaluate our hard work. Yours Truly, Farhad Hossain, USB ----------------------Khan Md. Parvez Shirtaz, USB ----------------------Mikhael Novo Biswas , USB ------------------------ i Mushroom House TABLE OF CONTENTS Content Letter of authorization List of figures Acknowledgment Executive Summary Company Objective:  Goals, Mission, Vision Company Summary Company Ownership Company Product and Service Product comparison Picture of MH’s product line Business Strategy Marketing Strategy Promotion and Advertisement Sales Strategy Management Team Personnel Plan Financial Strategy Key Financial Indicator Projected Sales Volume Pro-forma profit and loss Conclusion Appendix Page No. i iii-iv v 2-3 4 5 6...

Words: 5329 - Pages: 22

Free Essay

Restaurant Business Plan

...Name: | | | | | Restaurant services business plan Table of Contents Restaurant services business plan 1 Dhofari night's restaurant Services 1 Business description 1 1.1 Nature of Industry 1 1.2 Name of Business Organization 1 1.3 Description of Products/Services 1 1.4 Brand name/Logo 2 Logo 2 1.5 Vision 2 Mission 2 Objective 3 1.6 Ownership and organizational structure 3 Organizational structure 4 Market Analysis 4 2.1 Target customers 4 2.2 Competitive advantage 5 2.3 Marketing media 5 2.4 Promotion 6 2.5 pricing strategy 6 2.6 Sales and Distribution 6 Physical facilities and raw material 7 3.1 Location of business 7 Advantages of location 7 3.2 Physical facilities 8 Human resources 9 4.1 Required employees 9 4.2 Recruitment and training 10 Recruitment 10 Training 10 Financial planning 10 5.1 Financial planning 10 5.2 Source of funds 11 Sales forecast and profit estimation 11 6.1 Sale forecasting 11 6.2 Profit estimation 12 Conclusion 13 References 14 ------------------------------------------------- ------------------------------------------------- Dhofari night's restaurant Services ------------------------------------------------- Business description 1.1 Nature of Industry The business we are going to start is related to the Hotel industry. Our business will be related to the business entrepreneur as per types of the entrepreneur. The location of...

Words: 2485 - Pages: 10

Free Essay

Mbv Hmnb Ghm

...Subordinate Service Tamil Nadu Jail Subordinate Service Tamil Nadu Labour Subordinate Service No. of vacancies 66 2 (ST Carry Forward vacancies) 14 Scale of pay Rs.9300-34800+ Grade Pay Rs.4800/- (PB2) Rs.9300-34800+ Grade Pay Rs.4800/- (PB2) Rs.9300-34800+ Grade Pay Rs.4800/- (PB2) Rs.9300-34800+ Grade Pay Rs.4800/- (PB2) 2) Probation Officer in Prison Department (Post Code No:1023 ) Assistant Inspector of Labour 4) in the Labour Department (Post Code No: 1068) Junior Employment Officer (Non-Differently Abled) in Employment and Training 5) (Employment Wing) Department (Post Code No: 1017) Junior Employment Officer (Differently Abled) in Employment and Training 6) (Employment Wing) Department (Post Code No: 2203) Assistant Section Officer in Finance Department in 7) Secretariat (Post Code : 1074) Assistant Section Officer in 8) Law Department in Secretariat (Post Code No: 1073) Assistant Section Officer in 9) TNPSC (Post Code No: 2201) Special Assistant in the Vigilance and Anti corruption 10) Department (Post Code No: 2265) Assistant Inspector in Local 11) Fund Audit Department (Post Code No: 1069) 3) 9 2 Tamil Nadu General Subordinate Service 1...

Words: 6660 - Pages: 27