Every business that uses a computer, email, software and the internet on a daily basis should establish computer security to protect their business on threats from cybercriminals. In most cases, small business are an appealing target for cybercriminals due to their lack of resources in establishing a strong security for their website, accounts and networks systems, thus, making cyberattacks a relatively easy job. Remember, a single successful cyberattack can seriously damage your business. Here are some and simple practices you should implement to strengthen the internet security of your small business:
- Create and implement basic security practices and policies for all your employees to abide and educate them on cyberattacks and the impact it may bring to the business. This will ensure that your staff has appropriate awareness training, so that everyone understands their role in keeping the business secure.
- Frequently back up important data. For added security, encrypt it. Store your backup copies either offsite or in the cloud. Computers and electronic devices must be physically locked and secured to prevent unauthorized access.
- You must require a strong unique password on all your computers to make sure that only authorized individuals have access to the data. Consider creating a password expiration policy or implement a multi-factor authentication that requires additional details aside from a password to gain entry from the system.
- Make yourself updated on latest schemes that cybercriminals do to victimize a business. Learning the newest threats on your business will help you in establishing a plan to protect your business even more.
- Make it a habit of shredding documents and receipts that contain sensitive information such as personal and financial details if it is no longer needed.
- One of the basic precautions to protect your company’s data is to make sure that all computers have antivirus and antispyware software installed and up-to-date. Make use of firewalls and spam filters too for added security.
- Consider the services of a trustworthy company that works with small business to do difficult or time-consuming task. Such as utilizing the payroll service of Automatic Data Processing Inc. (ADP).
The role of management accounting in decision-making is crucial. As a business owner, you are expected to face a lot of decisions every day, thus you need to improve your decision-making. You can do this by understanding the great importance of managerial accounting information, which provides data-driven input to those decisions. Businesses could be more successful if small business managers use this powerful tool and learn how management accounting can benefit common business decision contexts.
Management accounting can pave the way to relevant cost analysis. It entails the managerial accounting information used by the company management to determine what should be sold and how to sell them. One example is when an owner is uncertain on where to put his/her marketing efforts. Relevant cost analysis is a process that involves evaluating this decision through the accounting manager's assessment of the costs which differ between advertising alternatives for each product. This technique is taught in basic managerial accounting courses. Through the same process, adding product lines or discontinuing operations can also be determined.
Management accounting can also conclude activity-based costing techniques. The next step after finding what products to sell is deciding to whom to sell the products by determining which customer are more or less profitable. Such techniques can also help small business management to assess the required activities in producing and servicing a product line.
Make or buy analysis is achievable with management accounting. It allows you as the owner to decide whether to make or buy a component needed to manufacture your products. This analysis should only be considered as a factor in making your decision because there are possible non-financial metrics that were not part of the analysis that could be considered significant.
Management accounting can also bring forth data utilization. Managerial accounting information can help you acquire a data-driven look at how to develop a small business. Information on budgeting, financial statement projections and balance scorecards can help management guide the future of the business. Depending on the smart analysis of the company data, managers can aim for constant improvement.
Human Capital Alliance recently published “The Winning Edge-Two Decades of Asian Business Leadership”.
This year, we are celebrating our tenth anniversary at Human Capital Alliance. We are pleased to publish “The Winning Edge-Two Decades of Asian Business Leadership” as a tribute to our stakeholders, especially our clients throughout Asia.
We have been successful during the past decade because our leaders and consultants have melded their decades of business experience and knowledge of Asia and North America to deliver much-needed value-added advisory services.
During the past decade, we have continuously attempted to stay ahead-of-the curve to provide leading cutting-edge services to our customers and we hope to continue doing so in the up-coming decades.
We hope The Winning Edge will provide additional insight into how we viewed the past and how we consider the future sustainability of business in Asia.
Location: Markham, ON, Canada
Job Type: Permanent, Full time
Company: TD Bank Group
Updated on: 31 May 16
About TD Bank Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD" or "the Bank").
TD is the sixth largest bank in North America by branches and serves over 24 million customers in three key businesses operating in a number of locations in financial centres around the globe:
•Canadian Retail, including TD Canada Trust, TD Auto Finance Canada, TD Wealth, TD Direct Investing, and TD Insurance;
•U.S. Retail, including TD Bank, America's Most Convenient Bank, TD Auto Finance U.S., and an investment in TD Ameritrade; and
•Wholesale Banking, including TD Securities.
TD had CDN$1.1 trillion in assets on January 31, 2015. TD also ranks among the world's leading online financial services firms, with approximately 9.7 million active online and mobile customers. The Toronto-Dominion Bank trades on the Toronto and New York stock exchanges under the symbol "TD".
The Financial Crimes & Fraud Management Group (FC&FMG) is an enterprise-level organization within TD Bank Group that strives to protect TD customers, shareholders and employees from financial crimes and fraud. FC&FMG leads TD's enterprise-wide fraud strategy, develops and evolves enterprise policies, advanced analytics capabilities and operational efficiencies to improve governance, oversight and collaboration between fraud management and other control functions within the Bank. Our mission is to be a best run, integrated; customer and employee focused financial crimes and fraud management organization to protect TD from global, sophisticated financial crimes.
Job Category - Primary
Business Analysis | Reporting
Business Analysis | Reporting
The role of Senior Analyst is responsible to develop and monitor fraud rules to mitigate fraud risk while balancing the impact to the customer experience and our operations. The role provides a unique opportunity to apply analytical and technical skills leveraging industry leading detection systems. The role requires detailed and timely analysis of fraud patterns as well as the agility to shift with changing priorities. Strong communication skills and a proven ability to develop effective relationships with external and internal business partners are required.
•Responsible for the development and implementation of Credit Card fraud strategies and ensure that they meet false-positive and detection rate benchmarks
•Be accountable for loss targets and the customer experience generated by fraud strategies
•Mine customer, account and transactional data to develop segmentation to improve fraud detection and minimize impact to legitimate transactions
•Convert analytic insights into recommendations for specific fraud operations initiatives, developing the business case and performing post-implementation tracking to ensure that targets are attained
•Represent Card Fraud Analytics on projects and in the planning of new initiatives and product launches
•Strong ability to communicate strategy analysis in both technical and non-technical terms, either verbally or in in documented format
•Ability to work independently and in teams, including managing cross functional or special project teams as required.
•Must possess strong organizational skills and the ability to manage a range of tasks and issues simultaneously to a positive outcome and in a timely manner
•Participate as a team member, promote team effectiveness and contribute to a positive work environment
•University degree in a numerate discipline e.g. Math, Statistics, Business
•3-5 years of work experience in analytical capacity
•Strong interpersonal and leadership skills and comfort in interacting with senior leaders.
•Ability to work independently in a dynamic environment with tight timelines
•Knowledge of Payment Card Industry is preferred
•Knowledge of Fraud Detection Systems such as CardGuard, Falcon, PRM is preferred
•Proficient with data extraction/mining tools: SQL, Knowledge Seeker, SAS
•Proficient with Microsoft Office applications; Advanced Excel
•Previous experience in fraud is an asset
At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live and serve. If you require an accommodation for the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs.
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