Hurry Up! Get 15% Please upload the order before 20th February, 2019. T&C applied Order now !
review
Back to Samples

Reflective Writing | Research On Cyber Crime

Introduction

In modern days, economics, technological capabilities, customer expectations, demographics, regulatory requirements are formulating a vital change. Therefore, the banking institutions are providing high level of security to handle these challenges. In making transactions most of the customers rely on the digital medium nowadays. In the learning process of Business Research we have learned how to practically research the field and collect data to manage the company’s business properly. In the following narrative, the usefulness and effectiveness of the learning of digital security in Banking industry and how it will help me in future, are discussed.

Evaluating the effectiveness and usefulness of the learning experience

 In lecture 2 I have learned how to plan the research process methodically and in assignment 1 and 2 the importance of digital security in banking institutions and how to deal with these cyber attacks are discussed. A literature review on different digital difficulties faced by many monetary institutions is also provided.  According to my opinion, these projects have made me critically analyze the various ideas regarding internet security in economic organisations like the bank's adoption of the electronic operations and their practical and theoretical roles. The learning experience has been very beneficial for me as it has taught me that how the digital attacks have compelled these institutions to save money from their administration to ensure the framework and it has also given them inspiration to manage an account of a client in order to secure the data of money exchange.

The step by step structure of how to conduct a business research has helped me understand the process clearly. In lecture 2, I have learned the various types of validity, the importance of the relevance of the research and ........

rely on the digital medium nowadays. In the learning process of Business Research we have learned how to practically research the field and collect data to manage the company’s business properly. In the following narrative, the usefulness and effectiveness of the learning of digital security in Banking industry and how it will help me in future, are discussed.

Evaluating the effectiveness and usefulness of the learning experience

 In lecture 2 I have learned how to plan the research process methodically and in assignment 1 and 2 the importance of digital security in banking institutions and how to deal with these cyber attacks are discussed. A literature review on different digital difficulties faced by many monetary institutions is also provided.  According to my opinion, these projects have made me critically analyze the various ideas regarding internet security in economic organisations like the bank's adoption of the electronic operations and their practical and theoretical roles. The learning experience has been very beneficial for me as it has taught me that how the digital attacks have compelled these institutions to save money from their administration to ensure the framework and it has also given them inspiration to manage an account of a client in order to secure the data of money exchange.

The step by step structure of how to conduct a business research has helped me understand the process clearly. In lecture 2, I have learned the various types of validity, the importance of the relevance of the research and the significance of trustworthiness in regulating a business research and how to identify the appropriate question regarding the research.  The experience has been very valuable and important to me as the learning process has enriched my knowledge about both sides of institutionalization of banks. The absence of it in medium and little heating divisions is an open invitation for the hackers to exercise their digital endeavours (Aljawarneh, 2016, p.90). On the other hand, the bank must spend some money to achieve the goal of institutionalization. Through these assignments I have learned a lot about the truth that states that there is not 100% guarantee that there still can be cyber assaults after applying these changes.  The learning experience from lecture 3 has taught me how to write a literature review and how to search the materials for it, which have actually helped me to write the literature review in the assignments.

Explaining the usefulness of learning process

The integral part of the learning process on business research has made my vision clear regarding the process of conducting a research as from lecture 4 I have known the value of ethics and law in business research. These learning will help me make a proper research of any business ethically in future. I can also make a progress in understanding the nature of quality research and observing matters carefully. The assignments are valuable for my course as it will help me to execute a structured observation and analyse content in future. I have learned about the fundamental concepts and terms regarding internet security in banking institution which will help me to understand further in my program of business research. Through these assignments, I have been accustomed to the need of other blends to secure the primary data of a customer and not only depend on the remote framework which is the last option to store the spillage of a client’s information. For instance, the electronic and physical mixes can help to keep safe the information of the organisation, the primary data of a customer and so on (Kiljan et al. 2017, p.61).

After exchanging money or using the services of internet banking, there can be potential threats of losing classified data of a customer associated with the financial exchanges. The literature review has made me aware of the potential risks attached to digital banking and how to be careful to avoid them. If I build a career in banking or in financial institutions in future, these learning regarding digital vulnerability and how to deal with them, will be very useful for me. According to lecture 5, I have known the nature of qualitative research and the role of ethnographers and sampling in business research which will help me regulate any type of business research.

Describing objectively what happened in the learning process

 In the learning process, I have also learned about the value of conducting a proper interview while researching a business. I have done qualitative and extensive research on cyber attacks in financial organisations. I have read diverse online articles on internet banking. I have conducted a detailed research by reading various books on data security, financial cryptography and risk management exercises. I have gathered and enlisted various facts regarding the money which is spent by the banks to secure their systems and the customer data from cyber attackers. Due to the varied attacks of cyber criminals, the authority of an organisation is well aware of these threats and has already implemented internet security. Through this system protection, the bank can protect their classified information and client data regarding financial transaction and also maintain the dignity of the customer.

From lecture 7 I have known how to analyse collected data in order to regulate a quality research. The necessity to appoint a technical expert who can monitor the money transaction in a secure way to prevent cyber attacks. There can be many potential threats regarding data system especially for commonwealth banks who conduct their business on a very large scale. In order to complete the assignment, I have done an extensive research on the absence of standardization and how it can be very easy for the cyber attackers to hack the system of the organisation. The small institution cannot always provide online security due to their funding which makes their system vulnerable to the digital criminals (Montazemi and Qahri-Saremi, 2015, p.210). I have also collected information on the profuse usage of mobile phones causes the software companies to launch various applications to smoothen the money transaction. This has lead to more difficulties for the banking institution as they have to keep the system secure more by paying extra attention and money to it.

Revealing the usefulness of business research

The learning process on business research has provided me clear and vivid understanding of the cyber attacks in banking organisations. I have also learned about the various reasons behind those online attacks on financial accounts along with methods through which the crimes can be prevented. Among many reasons, poor management system can become the reason behind cyber crimes and the institution should update their technical department to get new information regarding possible risks.  The department of management should gain that information regarding new techniques of hackings as soon as they come to technical department. The bank needs to provide quality training to the employees in order to secure their system from internal danger. In the assignment, I have also known that theft of data is the highest threat for the clients therefore; many institutions are providing online banking facilities where the consumer does not have to give their personal information to access into their online account.

The business research on cyber threats is very useful for me, as they are becoming more relevant day after day.  Through this research I have identified the strategies to prevent the online threats regarding digital transactions. I have also observed from the research that the authority of the bank should introduce tracker that will track the online activities of the bank's employees to locate the information and how they are used. The bank needs to monitor the employee's activities in order to ensure that the information is not misused. Otherwise, it will cause a severe loss to the bank and its customers. The technical experts should also check the security system from time to time to avoid the external online risks. There are various programs based on sensors in today's market and the authority can activate these programs to monitor online activities of the employees.  

Describing the learning process

From the lectures on business research, I have learned different methods of research, the importance of secondary data analysis and how to scrutinise contents in business research. The assignment 1 and 2 are very effective for representing the potential threats caused by the cyber criminals which have given me the insight of not to be ignorant about these risks but at the same time acknowledge the advantages of online banking. I have learned about the process of protecting the primary client information and bank data and what are the risks are despite executing the security measures. The study on the digital threats has made me look into the positive sides of internet banking and there are plenty as it saves a lot of time which we are used to spending in long lines in Banks. Internet banking is also useful for any time and from any place with internet connectivity and it is convenient in the matters of labour, capital and time. The bank can take part in the competition in new areas of market, grow the share of their market and increase the number of customers by providing integrated online banking services (Tasca, et al. 2016, p.159). 

With the help of these assignments, I have learnt a few things about the financial systems of banking industry as they try to provide resolutions that are advised by the experts and their approach to threats are well-explained risk-based. The banking organisation's approach to adoption has certain steps such as, making a plan of work, then build and design which consists process regarding system engineering. Then, the identified gaps are implemented after the phase of planning. The smooth transition is taken into account and after that the part of monitoring, managing the potential frauds and security threats are taken into consideration. In my opinion, there are opportunities to research on the utilizations of internet banking services which are hassle free for the bank and their clients. These assignments also help to be aware of the assaults and the risks come from the cyber attackers.

Analysing how the learning will be applied in future

 

Relevance of the learning to my research

The concept of dealing with cyber crime and its serious effect on business is very relevant today. Therefore, the research has made me aware of the potential threats regarding online transaction. This research has given me a clear and extensive knowledge of the digital risks that are associated with money transaction.

Impact of the knowledge on the course

The learning of business research has given me a profound knowledge of the process of designing questions and to take into consideration the issues regarding the questions. These will help me to conduct an analysis of content and form a structured observation.

Effect on future profession

Through lecture 8, I have learned about the usefulness of measurements in business research which will help me in future when I acquired a job in any company. The online exchange of money has certain threats and the protection provided by the bank sometime becomes insufficient. However, this detailed research has gained me the knowledge to deal with the risks. This learning will be relevant in future too if I establish a career in banking or finance.

Table no 1: Revealing the usefulness of the learning in future

(Source: Created by author)

Conclusion

The above writing reflects on my learning on the whole process of business research. In this assignment my learning regarding business research has been discussed. The value of the learning experience and my opinion regarding the knowledge of conducting a business research and cyber threats in banking industry are discussed in this reflection writing. This knowledge about the possible digital crimes and the process of preventing them has a serious impact on my life. The effect of this learning and how it will be useful in my future is depicted. New insights and my thoughts on the learning process along with a plan of applying this knowledge are also provided.