Is taking a Bank Loan Good or Bad?

Definitely taking a bank loan shouldn't be a choice for you and should be the last resource if you need to. You may be wondering, why am I writing about Bank Loans rather than Online Banking Security. I really felt how much ever Online Banking Security is important, 10 - 100 times more important for my readers to safeguard and make better plans. 

Yeah! You may lose money if there is a online fraud unknowingly, whereas taking a loan, you will lose money knowingly in terms of interest and service charges. If its a credit card and you don't pay it on time, again you will get piled up with Late Fee, Financial Charges and so on. So either ensure you use money that you have and spend it wisely, rather than losing it. The credit card one is my personal experience, wherein the minimum due I paid always goes for the charges, when I requested a refund being a customer for 15 years, its nuts that I got ;)  anyways that one is for an other post.

Back to loans, there has been one of the videos which has become famous in Tamilnadu - You can view it here, sorry but the language is in Tamil, but long story short. 

In 2006, A person takes Rs. 51 Lakh loan from a leading bank to purchase a home at an interest rate of 14%. So the person due to the COVID situation, looks at his finances and realizes he has paid more interest and there was not update from the bank in-spite of RBI (Reserve Bank of India) announcing the reduction in interest rates, to support citizens. 

So the person calls the banker and checks with him. To the person's surprise, He has paid 94 lakhs till date i.e. 2020 and only 14 lakhs has got deducted from the principal, meaning he has paid 80 lakhs just as an interest. 

The person here asks, I daily get 10 calls on an average from banks asking if he needs credit cards, personal loans, home loans and so on. So is it not the bank's responsibility to call and let the customer know about this. The Banker responds you signed the agreement, you should have approached to reduce the interest. Now the person (A doctor) says, anyways I will pay and close the balance amount as there is no choice left for him and hangs up the call.

My Opinion - Once a person takes a loan from any bank, he is going to be customer for the bank until the tenure of loan ends, isn't it the responsibility of the bank to ensure they communicate to the customer. Secondly, the customer is not going end the relationship, just with a loan, he may have the savings, he will use that bank credit card and so on. They say "Customer is King" , but in banks, Customer are not kings for sure.  If you don't believe, you miss few EMIs or miss a payment - then you will know, whether you are kings or not. 

A couple of weeks back, indeed one of the managers of  bank said, "Sir, as you don't have liquid cash now, you can take a personal loan of around 1 lakh." So I asked him, if I take how much is the interest going to be and the tenure. He replied "12 Months & 1.6 lakhs is what you will pay". So you know the answer I would have told. 

So readers, please take a wise decision, before taking loans or using credit cards. Ensure you use this as a last means if its very much needed. If taken also, ensure you make few bullet payments and close it off, so at-least you don't pay your hard-earned money as interest & financial charges. 

I myself have few loans, and I am struggling to balance the finances. My experience is my learning, my shared experience, would be your learning. Time to Decide - whether to invest in banks or buy as gold or any other investment.  :)

Free SSL Checker Online

Want to know if your SSL (Secure Sockets Layer) is installed correctly, visit Free SSL Checker Online. The Free SSL Checker Online allows you to check if the SSL certificate for your website is installed properly and is trusted by browsers.

The SSL Checker detects issues related to your SSL certificate installed for your website, in just few seconds. The SSL Checker also shows to who the SSL certificate is Issued to, who has issued it, whether its trusted or not, whether the names matches with the domain name and also shows the validity. Not only that, it also shows the SANs, which means it shows if the SSL is valid for its Sub-Domain or not. Importantly, you can know what SSL Certificate Type is that meaning if its Domain Validated SSL or Organization Validated SSL, along with the issuer brand.

The certificate and server details are also specified, which makes its easy to check the authenticity of the issuer and website itself. Make use of this free SSL checker in case you as a customer or as an organisation have a doubt, whether you are in a authentic website or not. A screenshot for your reference below.

An approach for Website Security Testing

Any businesses where the more important data is stored in the web application or lot of transactions are involved over the web, hackers turn ey to it. To make sure that the confidential data remains confidential, with getting exposed to online criminals, it is very much essential to make sure the web tests are carried out in a periodic basis. Website Security Testing plays a vital role in ensuring, that your web data and application is secure and confidential.

Below are few important functional testing invovled in web application security testing.

1. Vulnerability Check - checking for any security holes ie. weaknesses in the web application.

2. URL Manipulation - unintended behavior in the web server leading to unintended manipulation of urls.

3. SQL Injection - commonly used for website hacking

4. XSS (Cross Site Scripting)

5. Spoofing - Genarally a Hoax website / Email is created to look alike like a genuine website or a existing leading brand

Any websites that carries out financial transactions it is a must to secure their website with a period website security testing and penetration testing, to ensure that thier web server is secure.

Does Apple Mac require a Antivirus software?

Generally, I don't know wheather an antivirus software required for a Apple MAC or not if you are an home user. But however, if you are using a MAC for your business, as a precaution, you can have a antivirus software for mac. As per the general understanding, if MAC doesn's require antivirus scanner, why are antivirus companies developing one - just for business sake. No! because any technology that comes new, there are always someone to crack them. So its always wise to take a precaution - by buying an antivirus software for you mac.

Kaspersky Anti-Virus Products - protect your PC against security threats with industry leading software!
From the day I am using a MAC still I haven't encountered any virus problems. But as per my understaning, the logical truth is there is no operating system that is 100% secure or uncompromisable. And  I have yet to encounter any problems with viruses on my Macs. Although viruses are not a problem, we got to think about other malwares like trojans, worms, spyware, etc.  So securing a PC though its a MAC is also a must.
 

Effective Online Business Strategies for safe and secure Online Consumer Authentication

An online business is considered to be a good business, when it follows website security strategies and comply the government rules and regulations, moreover when it wins the trust of the consumers. So a person running a online business need to follow some of the effection online business security strategies, which differentiates their brand from that of the competitors by developing and implement advance and improved online security solutions to secure their business which provides online consumer authentication. Buy Cheap Website Hosting. The online business security level provided should match the security level of the business, importantly with the customers while carrying out online financial transactions, which mostly lead to create a safe and secure authenticated network among you and your business. To create a secure business network between the online business and customers would be based on the ecommerce internet security solutions or suite that is going to be choosed. The online business security solutions should provide a secure gateway across the customers/consumer through easy accessibility of websites or networks regardless to the location, or harware and software etc.

SSL Certificates and Encryption Technologies - For Safe and Secure Web

SSL certificates is playing a vital role in securing the online shopping and banking sessions which involve online financial transactions. These SSL certificates use some the Encryption Technologies and methodologies, to provide high-end security to the online users who give out their private and confidential transactions. In this pace, the latest in the Encryption technologies is EV SSL Certificates, which gives advanced security features while access an online transaction. The indepth analysis of the SSL encrytpion technologies for Safe and Secure web would be discussed in the upcoming postings.

If you wish to check if the SSL is installed correctly and is valid visit Free SSL Checker Online.

WiFi Internet Security

It is common now, you can access wifi from anywhere. But you should be aware that when you access internet over a unsecured network, you connections may be visible to others. In most cases, when you go to shopping malls, outlets, cinema theatres free wifi network would be available, are you sure that you are over a secured network? The answer is "No". So it is better not to access any confidential information, online banking, funds transfers, etc over an insecure network. Use those unsecured network just for browsing purpose.

Also when you use Wifi internet from home, better have a proper, strong authenthic password to it, so that other people who search for miscelleous network doesn't get control over your network. Other than this always use a Internet Security Software, which has got a Firewall - which can allow only trusted network to access your PC. Hope this helps! Try installing the free best firewall from comodo - www.comodo.com or install the internet security software developed by K7 Computing - The K7 Total Security - www.k7computing.com