In view of separate Module (Module E) on “ETHICS IN BANKS AND FINANCIAL INSTITUTIONS” has been added in JAIIB paper “Principles & Practices of Banking”, the following post is prepared to enable the candidates to have a glimpse various topics such as Ethics and ethical theories, Code of Ethics Manual, Business ethics and Banking, Ethics…
A cyber threats or cyber-security threat is a malicious act that generally hunts for damaging data, steal data, or disrupt digital life. The perpetrators of these attacks are organized crime groups, terrorists, industrial spies, unhappy insiders, business competitors, hackers, and Nation states* (*where a Government trying to learn other countries’ national secret and critical infrastructure…
Digital rights management also known as information rights management, or enterprise rights management is a measure to prevent unauthorized operators to use proprietary hardware and copyrighted works. The main purpose of DRM technologies is not actually catching those who engage in piracy, but it simply puts curb on them from accessing or using specific copyrighted…
An Intellectual property right is the right of a person or company to use their inventions, ideas through patents, copyrights, trademarks, and trade secrets without the worry of competition at least for a specified period. The invention may be inventor’s creativity, concepts, architectural designs, industrial models, songs, literature, or symbols, names, brands etc. The intellectual…
Data security refers to securing the data of a company by using multiple technologies and techniques. It is important for companies to have data security to prevent unauthorized access, intentional loss of sensitive data and accidental loss or corruption of sensitive data. The techniques used in data security include multi-factor authentication, multiple layers of access…
The banks are financial institutions licensed to receive deposits and make loans. Apart from collecting deposits and lending banks are handling cash transactions, Ancillary Services to their customers. To gain confidence of customers’ banks need to maintain the highest standards of honest and ethical conduct in the course of all their operations. Although profitability is…
A code of ethics is a set of principles guiding members of an organization and other interested persons for making ethical choices in the conduct of their work. The code of ethics manual contains approved provisions relating to enforcement of the code of ethics. The essential purpose of code of ethics is to assure sustainability…
(This post elucidates the meaning of Whistle-Blower and Whistleblowing Laws in India) The whistle-blower is a complainant who wishes to complain or disclose on any allegation of corruption or of miss-use of office by any employee of the Central Government or of any corporation established under any Central Act, government companies, societies or local authorities…
Unethical behaviour is an act that falls contrary to what is considered morally right for a person, or a business or a profession or in politics. It can also be behaviour of a person that falls outside the principles admired in the community where he lives in. Unethical behavior of a person: Lying to family…
Ethics is a set of moral principles which recognizes the difference between right and wrong and consistently strive to set an example of good conduct. Ethical behaviour of a business is shaped by the internal culture of an organization is recognized by the customers, competitors, government, regulators, and all the stakeholders. Organizations behaving ethically also…