The Social Responsibility Of Business - 1422 Words

Is the deception of consumers worth making a profit? The Ford Pinto, popular car of the 1970s, made a profit off of a vehicle that endangered the lives of hundreds of people. In his essay â€Å"Pinto Madness† Mark Dowie, author and Pulitzer Prize nominee, exposed the unethical decisions made by Ford Motor Company. When it came to their customer’s safety and profit for the company, Ford made a decision that led to consequences their customers had to pay the price for. Should the business be held accountable for these actions? In his essay â€Å"The Social Responsibility of Business Is to Increase Its Profit† Milton Friedman, powerful economist, discusses what a business should prioritize in the economic system. Friedman declares what a business is responsible for and the guidelines they must follow. Due to Friedman’s view, he would not have condoned the actions and decisions that the executives at Ford Motor Company took. Friedman argues that the only responsibility a business has to society is to act in its own self-interest to create revenue and remain successful in the economic system (158).Created to make a profit by providing a task or service, a business must â€Å"use its resources and engage in activities designed to increase its profits† (Friedman 164). A business could use any tactic to gain a profit as long as they remained â€Å"within the rules of the game† (Friedman 164). The rules implied that no deception or fraud could take place while the corporation obtained their profit.Show MoreRelatedThe Social Responsibility Of Business932 Words   |  4 PagesA corporation does do business within a vacuum; rather exist as part of larger collective framework of society, stakeholders and a global business community. I believe that corporations which are profitable, and promote moral and ethical standards are the benchmark of success; additionally, corporations bear a great social r esponsibility to the society it exists within, an simply working within â€Å"the basic rules of society, both those embodied in law and those embodied in ethical custom† is not enoughRead MoreBusiness and Social Responsibility1140 Words   |  5 PagesWhen a business gets incorporated regardless of the business size and the nature of profession requires an adequate execution methods for being successful and to achieve its goals. Some of these goals can be short-term or long-term, depends on the nature of business. Likewise, these execution methodologies can be vary time to time as the corporate needs to satisfy different groups of people such as : top hierarchy stakeholders, staffs ,shareholders, and even non-related business groups such as environmentalistsRead MoreThe Social Responsibility Of Business1042 Words   |  5 PagesCorporate Social Responsibility is defined as a business preparation that involves participating in creativities that help society. Friedman: The Social Responsibility of Business is to increase its profits. Milton Friedman argues that the only social responsibility a business has is to itself – mainly to its profits, and therefore, its stakeholders. The business management in charge of a company works for the organization and eventually for the stakeholders. This person is responsible for carryingRead MoreThe Social Responsibility of a Business647 Words   |  3 Pagesï » ¿The Social Responsibility of Business: The role of business in the society became a major aspect across business after Milton Freedman wrote the most provocative article in 1970. As an economist, Freedman stated that the main purpose of businesses is to generate profits for its shareholders. Furthermore, he argued that companies with responsible attitudes were likely to encounter increased binding constraints unlike those that lacked these attitudes, resulting in them becoming less competitiveRead MoreThe Social Responsibility Of Business787 Words   |  4 Pages The economist and Nobel laureate Milton Friedman’s article published in The New York Times Magazine in 1970 titled, â€Å"The Social Responsibility of Business Is to Increase Its Profits.† (NYTimes, 1970) set tone for companies all across the country and all over the world. Companies start to turn in profits that shattered all charts and stock markets. Beginning in 1960s to 1990s, Capitalism had won the cold war with its arch rival the Soviet Union had withered away into the oblivion and the companiesRead MoreThe Social Responsibility Of Business1437 Words   |  6 Pagesthe business be held accountable for these actions? In his essay â€Å"The Social Responsibility of Business Is to Increase Its Profit† Milton Friedman, powerful economist, discusses what a business should prioritize in the economic system. Friedman declares what a business is responsible for and the guidelines they must follow. Due to Friedman’s view, he would not have condoned the actio ns and decisions that the executives at Ford Motor Company took. Friedman argues that the only responsibility a businessRead MoreThe Social Responsibility Of Business2053 Words   |  9 Pagesevolution-taking place; now the level of a business social responsibility has become increasingly integrated into modern business practices. This focus has seen both advantages and disadvantages to the business. However, to what extent has the use of the greater focus of a business social responsibility affected its competitive advantage in its marketplace. CSR is described as; â€Å"the principle that companies can and should make a positive contribution to society, of managing the social, environmental and economicRead MoreSocial Responsibility Of A Business1444 Words   |  6 Pagesareas of business and nonprofit management. However, Cohen’s article on social responsibility drew a lot attention from other scholars like Friedman. In view of this, this paper will discuss and define the concept of social responsibility of a business to its workers, stakeholders, and society; how the perspectives align with that of Drucker; comparing Cohen’s opinion with that of Friedman and finally determines which of the two individual’s opinion best aligns with the current business climate promotingRead MoreThe Social Responsibility Of Business Essay1959 Words   |  8 Pagesagree or disagree with the following quotation: â€Å"There is one and only one social responsibility of business—to use its resources and engage i n activities designed to increase its profits so long as it stays within the rules of the game, which is to say engages in free and open competition, without deception and fraud.† Milton Friedman, a Nobel Prize winning economist. In other words, the social responsibility of business is to make a profit. I do not agree with the following quote by Milton FriedmanRead MoreThe Social Responsibility Of Business1463 Words   |  6 PagesIn his paper titled The Social Responsibility of Business is to Increase Its Profits†, Milton Friedman addresses the key issue of weighing social responsibility against profit maximization for shareholders. This conflict is the basis for Friedman’s whole paper, as he explores the two sides of the situation. In order to set up his argument, Friedman lays down a framework by explicitly stating a certain premise. This is that businessman view â€Å"social responsibility† and profit as not being mutually

Humans and Nature Depletion of Natural Resources by Humans

Humans and Nature: Depletion of Natural Resources by Humans Early in human history, people used energy for heating, lighting, and cooking. As humans began to farm larger areas of land, their energy demands changed. Domesticated animals were used for energy sources to pull plows. When the Industrial Revolution occurred, peoples energy demands further changed to meet the needs of industry. Work that was done by people and animals were then transferred over to machines. These machines required more natural resources such as iron and coal to produce large amounts of steel for tractors, pipes, and other devices. As the population increased, the demand for more products, such as clothing, shoes, and household items required more†¦show more content†¦As far as concerned its ability to supply the physical and chemical requirements for continued life and to absorb waste products. However, the late 1970s brought into focus the finite characteristics of non-renewable resources and th e Earths limited carrying capacity of these resources1. Throughout most of history, the interactions between human development and the environment have been relatively simple and localized. The complexity and scale of these interactions are now increasing, especially as resources became more scarce and competition for them increases. In particular, fossil fuels are the natural resources in question. Fossil fuels, which include oil, coal, and natural gas, are primarily used for fuel purposes. These natural resources are given the name fossil fuels because of how they are produced. The reason they are called fossil fuels is because they are all made from decayed plants and animals that have been preserved in the earths crust by pressure, bacteria and heat. It takes millions of years for these organisms to chemically change into fossil fuels2. Each of these resources is used for unique purposes. Coal is a fossil fuel that is found underneath the ground in a solid form. Coal is used mainly used to burn in stoves and engines as a source of energy. The second type of fossil fuel is oil, or petroleum. Oil is found in areas that geologists believe were once covered by oceans. Oil is usually transformed intoShow MoreRelatedSynthetic Biology? Essay1508 Words   |  7 Pageson the Environmental Movement David Park, Expos 101, Prassack, 11/15/2011    The environmental movement, addressed in Rewilding North America by Caroline Fraser, focuses on the negative outcomes of human activities in the environment. It is a movement that restores the environment that   humans have damaged. Scientists have addressed the idea, in A life of its own by Michael Specter, of using synthetic biology to mend environmental issues. Synthetic biology combines   the elements of engineeringRead MorePopulation Growth And Its Impact On The Environment1677 Words   |  7 Pagesof time that humans have been on this planet they have evolved and adjusted to many circumstances in climates over such a short period of time. Humans have been on this planet for about 200,000 years and in that short amount of time humans have changed, and grown drastically within that time frame. If the population continues to grow at rapid rates our planet, environment, civilization, and even humanity will suffer due to over consumption, pollution, and destruction caus ing depletion and possiblyRead MoreGlobal Warming And Its Effects On Human Population1458 Words   |  6 Pagesperiod of time compared to the total age of the earth, problems are no doubtable going to arise. From the demand of the ever rising human population on the earth, food accessibility, depletion of natural resources, and an increase in global warming affects all have detrimental consequences on our human population and our own earth that may not be reservable. As humans need space to live, and as cities expand, farm land is being taken over by subdivisions. Thus, where is the food coming from to feedRead MoreThe Destruction Of The Earth s Environment1486 Words   |  6 PagesThe destruction of the Earth’s environment is known by almost every human alive. Our planet is time and again being attacked by the dominant human race. People treat the earth as if it does not have a role in our survival as a species. This assault on the environment has been going on for centuri es and has brought about consequences that many of us cannot even fathom. If the world is anything like the environment depicted in the novel He, She, and It, the world we know today will be seen as a havenRead MoreBenefits Of Having A Green Building1107 Words   |  5 Pagesand does not harm the nature that is present around it. The word â€Å"eco-friendly† is familiarized through sustaining and conserving the environment and its crucial features that help keep this world running and thriving. It is the consequence of humans to continue to use harmful chemicals and materials that may destroy the world and its atmosphere entirely. The greenhouse project in biology demonstrated a small model of a possible â€Å"green† house that is friendly to the nature and environment aroundRead MoreHuman Activity and Energy Sources968 Words   |  4 PagesEarth’s resources, for instance water, productive farming land and energy, outlines the basic foundations of our continue d existence on earth. However, with the continued human activities, for example logging and charcoal burning, these resources are quickly being depleted. Human inhabitation and increased consumption of the natural resources is resulting in untold destruction. The climate change being experienced globally, the rapidly depleting freshwater catchments, the dwindling forest cover,Read MoreAmerican Consumption And Its Effects On The Environment1730 Words   |  7 Pagesbecause there is not enough natural resources to be consuming and dumping into landfills. There are many consequences of not becoming concerned for the environment. The depletion of resources and supposedly safe methods of recycling or burying waste are not working. Many engineers and the US EPA acknowledge that the landfills will leak eventually and pollute groundwater (Sheehan). Eliminating forests and other sources are leaving a very fragile eco system. The more humans contribute to global warming;Read MoreEssay about Canada: Globalization and Sustainable Development1486 Words   |  6 Pagesissue of globalization and sustainable development as a significant threat to the longevity of Earth’s resources. The Canadian government has formally identified the notion of sustainable development as â€Å"meeting the needs of today without compromising the needs of future generations. It is about improving the standard of living by protecting human health, conserving the environment, using resources efficiently and advancing long-term economic competitiveness. It requires the integration of environmentalRead MoreWorld Is Not Flat, But Spherical Essay1323 Words   |  6 Pagescognitively aware is the key trait where our intellect creates a profound gap between humans and the other natural species on our planet. Cogitation and life for humanity tend to relate hand in hand, and the importance of awareness is survival. To continue living is to survive and to accumulate more experiences. Life is all about existing, and this process is supported by the importance of awareness. In this sense all humans are connected by the need to survive. This statement is true for our ecosystemRead MoreThe Energy Crisis Of Oil Essay1320 Words   |  6 Pageslose its natural ability of supporting mankind. Our voracious craving for gnawing away at the Earth’s natural resources is growing prodigiously. Perhaps our most keen appetite is for oil, the blood of the earth. Similarly, to humans, when blood is removed from the body without being replaced, a treacherous situation surfaces. This situation currently deals directly with oil depletion. Oil is a standout amongst the most essential fuels available in today’s culture. It is a finite resource, incapable

Strategic Management of Woodside

Question: Discuss about the Strategic Management of Woodside. Answer: Introduction: Woodside petroleum is the major hand of oil and gas production in Australia and also Australias biggest autonomous devoted oil and Gas Company. Headquarter of the Company is in Perth(Anon., 2017). Strategic management is a bunch of features that helps in establishing a brand image for a company (Leather, 2013). Every single company has their own strategy and its outcomes. Woodside Petroleum of Australia has proved its credentials to the world of business. This assignment helps in finding out the management strategies, which the Company uses to fulfil the desired goal. There was a time, when the Company was criticised for some reasons. This assignment also helps in finding out those two criticisms with its effective outcomes on the Company and the dependents. SWOT analysis is there to observe the core features of the Company varying from good to bad. It also provides a focus on the organizational culture or the leadership style within the organization. Strategic management of Woodside Petroleum: Woodside Petroleum manages their strategies on three themes that are increasing the significance of their core resources, enhancing their capabilities and increasing their portfolio. Woodside has a strong foothold in the Oil and Gas industries with a dependable manufacture base, unique capabilities and physically powerful relationships to produce excellent projects. The missions, visions and the values are the key features that provide the competitive edge to the Company (Chongzhi et al., 2013). Benefitting the Company with a worthy revenue generation along with providing equal importance to the shareholders are the most important asset of the Company, which is creating a resonant presence of the Company in the Oil and Gas industries. Vision is something, which motivates the functioning of a Company that varies from company to company producing distinct results (Dissanayake Xia, 2015). The management of the Woodside Company has the vision to be a universal leader in the Oil and Gas industry. Organizational values are of recommendable level in the Company. The management of the Company do trust in different values that matters a lot for an organization to have a long run with comprehensive success under the belt. The management believes in performing a transparent business with the addition of fulfilment of the commitment, which they propose to the people and to the world of business. The management of the Company gives utter importance to the core values of an organizational behaviour, which are truthfulness, admiration, Sustenance, Collaborative working, Discipline and Brilliance. Apart from all the core values of the Company, the three themes that are working as a driving force to the vision of the Company are of supreme importance. Maximising the production based on its supreme capabilities to enhance the revenues is the distinctive feature of the Woodside Company, which has continually helped it, emerged as the top performer. The Company has a proven recor d of accomplishment in the plan, structure and process of brilliant LNG plants, subsea skill, FPSO operations, seismic acquisition, underwater drilling and processing. The establishment of the distant operations from the Pluto Support Centre in Perth is helpful in reducing the working expenses and improving the preservation outcomes(Anon., 2017). Two criticism of its business in past and its outcomes: The Woodside Petroleum Company is the most reputed Oil and Gas Company in Australia. With its distinctive core values and management strategies, it has catapulted the paramount of success in the world of business market (Novatsis McCormick, 2012). Criticism is an integral part of an organization that it receives for some unexpected works. Moreover, the Woodside Company is no any exception, which itself met with little criticism in the past that has hampered the reputation of the Company to a bit. Nonetheless, criticism creates a bad impression of the brand in front of the business world but never destroys the complete existence. There are certain criticism associated with the history of the Company, which has resulted in bad outcomes in past. The one incident of criticism happened back in the year 2006-2007, which revolved around the Pluto LNG project. In carrying this project, Woodside witnessed oppositions on their plans to construct an onto land processing site on the Burrup Peni nsula in the Western part of Australia. Further, the Burrup Peninsula site is providing home to notable petroglyphs, which are approximately 30,000 years old. Woodside claimed to have practised a vigorous amount of violation against the trading policy of the Howard government for the emission of carbon (Al Kindi, 2013). The Company produced different speeches to the common people and the shareholders regarding the carbon emission. It spoke about the carbon free practice in the public but took the otherwise step to get the free carbon permits. No action took place against the Woodside Company for this violating practice from The Australian Consumer Commission(Fields, 2012). Another incident of criticism took place in April 2011 when the Fair Work Ombudsman of Australia complained the mal practice of the Company regarding the labour payment. It claimed that foreign workers were partially paid on the two oilrigs in the North-West shelf of Woodside Petroleum. The same criticism took place in April 2013 when the Federal Court in Western Australia alleged Woodside for underpaying few foreign labours. Less than $3 was the payment for those foreign labours on the oilrigs(Grafton, 2014). SWOT analysis: There are numerous strengths of the Woodside Petroleum Company, which has established the brand new image of the Company in the world of business. It houses the production of distinct quality of Oil and Gas assets in few of the wealthiest basin of the world including the Carnarvon Basin. It is the biggest manufacturer of liquefied natural gas (LNG) in Australia. Handful experience in structure engineering along with subsea structure vessels and tube set barges, they are building their supreme dominance in the Oil and Gas industry. The Company misses on the legal adherence of the government rules regarding the carbon emission along the oilrigs site. The Company unlawfully got the licence of reduced carbon emission. A protest of foreign labours against the payment policy of the Company highlights another probable weak point of the Company(Smith, 2013). Projects development focussing on the expansion of LNG capabilities has the potential to help company in expanding the position of the Company to the worldwide LNG leader. North West Shelf is under development, which can assist the Company in maintaining an offshore and onshore gas supply(Bayzakova, 2014). A wide range of natural calamities in Australia such as floods, bushfires, earthquakes, landslides, severe storms and cyclones are a significant threat to the future of the Company. Nonetheless, competition from its competitors such as China Petroleum Chemical Corporation (Sinopec), ExxonMobil Australia and ROC Oil Co. Ltd. is a serious threat of losing the competitive edge (Wilson, 2013). The Woodside Petroleum in Australia had its association with some legal violation in past regarding the payment of wages to the foreign workers. However, the Company still has lot to offer to its employees, which is evident from the success story of the company. The Company need to put some extra effort in bringing a fair practice of legal adherence to avoid any political clash. The opportunities, which the Company has, require diverse work force to take the charge and produce the fruitful for the Company. However, it requires a gutsy move from the management of the Woodside Petroleum to nullify any political and legal flaws in the Company. PESTEL Analysis: Few of the past incidents related to the organizational behaviours support the fact that the Company is lacking in meeting with the set policies. Incidents such as the underpayment to the foreign labours form the supportive evidence in favour of the policies violation (Vermeire, 2011). The Company is enjoying a healthy rift in their economical structure keeping apart all the criticism that has occurred in the past. Nonetheless, the Company is evolving as the potential choice for the largest manufacturer of LNG in Australia (Sakmar, 2013). Few of the social contributions that the Company is a part of, shows the social awareness of the Company towards the general being. Every year, the Company provides monetary and in-kind support to an extensive range of society groups(Cassidy, 2012). To mitigate the challenges faced by its development managing systems, the Company has formed a fresh side- operational Technology. Downstream technology, upstream technology, superficial technology and Disruptive technology are the key highlights of the inclusion of science and technology in the Company. Nevertheless, these technologies have potentials to help Company in attaining the maximize recognition across the globe (Puckett, 2013). Violation of carbon emission rule set under the government law support the fact that the Woodside Company is environmentally challenging for the lives of human being (Qian, 2012). In April 2013, the allegations made on the Company by the Federal Court of WA speak about the legal violation of the Company. The allegations were for the underpayment to the foreign labours (Hanson, 2012). Woodside Petroleum is the leading company in the OG industry in Australia. However, the Company is lacking in environmental terms as it has tried an illegal way to get the permit on carbon free emission in the past. The Company has also faced criticism in terms of an injustice payment to foreign workers. However, the government did not impose any serious obligations on the Company. Any OG company is a threat to environment and Woodside is no any exception. However, the OG industry do play a vital role in the GDP of a country and affect the economy therefore. The prospering of Woodside is of utmost important for Australia and its economy. However, there is a requirement of taking proper care of carbon emission. It needs some serious effort to ensure that the carbon emission does not surpass the allowed level. Organizational culture or leadership style within the organization: The leadership style of an organization prepares the path of journey, walking on which, it earns the potential result as per the leadership credentials (Bahadori Nwaoha, 2013). With a vision to dominate the world of Oil and Gas industries, the Woodside Company calculated the required leadership quality in the Company. To build up a culture of soaring performance in the Company, which can deliver on consumer requirements, there was requirement to incept leadership quality in the Company (Bayzakova, 2014). Nonetheless, such a leadership excellence that could successfully maintain its employees engaging and energising with the extended expansion goals needs its inception. To attain the vision with the utmost success, hiring of such talents, which have proven records of accomplishment with them, needs their inception in the Company (Hanson, 2012). With their superior understanding of the circumstances, the leadership quality of the Woodside Company engaged in finding out worthy talents. Nevertheless, it resulted in significance organizational outcomes, which structured the success for the Company. Voluntary revenue has reduced by 25% in excess of three years. Environment has bettered considerably in a little gap of time against external and internal benchmarks; in reality, Woodside is delivering at superior levels than further Australian organizations. The high leadership quality has helped its employees understanding the strategies and the business directions. Further, staffs have understood their involvement in the business strategy. Employees feel prepared and energised to perform to the expected targets (Fields, 2012). Conclusion: The superior leadership quality can bring the sense of urgency into its employees, which is helpful in keeping employees engaged with a stretched target of the Company. In this case, the management of the Australian leading Oil and Gas Company Woodside get the spotlight. The Woodside Company whose headquarter is in Perth, serving the Oil and Gas industries in Australia with supreme performance. Nevertheless, the Company has never looked back ever since its inception. However, the Company met with certain political and legal objections for its few policies. Few of the criticism have taken a dig on the Company leaving a dark image on it. The Company claimed to have underpaid few of the foreign labours. The Federal Court of WA imposed the same allegations on the Company. However, this is an undeniable fact that the Company has overcome from this dark shadow and the performance of the Company simply supports the same. Several proposed future targets posses the opportunities to all, which belongs to the Company. The Company lacks in the adherence of the legal policies, which emerges as a potential threat to the Company for their peaceful run in the coming future. The social involvement of the Company by means of taking participation in some kind of donations is preparing a significant supportive environment for the Company. However, the violation of the carbon emission rule of the government is generating an unhygienic atmosphere in the surroundings. Nonetheless, the Company presented a two phase of it in front of their consumers and the shareholders. The Company have committed to keep the environment free from carbon but illegally tried to get the carbon free emission certificate. Nevertheless, in spite of all these dark sides of the Company, there are numerous brighter parts also, which are mounting the heap of success for the Company. References: "Working Sustainably | Woodside Energy". Woodside.com.au. N.p., 2017. Web. 12 Jan. 2017. Al Kindi, A. and Soh, M., 2013, January. Tight gas reservoir appraisal and development challenges for new LNG supply from Australia. InSPE Unconventional Gas Conference and Exhibition. Society of Petroleum Engineers. Bahadori, A., Nwaoha, C. and Clark, M.W., 2013.Dictionary of oil, gas, and petrochemical processing. CRC Press. Bayzakova, A., 2014. The Uncertain Future of Australian LNG Projects: The Use of Scenario Building in Strategic Management. Cassidy, M.J. and Tian, Y., 2012. Development and application of models for the stability analysis of Australia's offshore pipelines.Australian Geomechanics,47(2), p.61. Chongzhi, T., Guoping, B., Junlan, L., Chao, D., Xiaoxin, L., Houwu, L., Dapeng, W., Yuan, W. and Min, L., 2013. Mesozoic lithofacies palaeogeography and petroleum prospectivity in North Carnarvon Basin, Australia.Journal of Palaeogeography,2(1), pp.81-92. Dissanayake, N., Xia, B. and Wu, P., 2015. Measuring Sustainability Performance Within the Australian Energy Industry. InProceedings of the 19th International Symposium on Advancement of Construction Management and Real Estate(pp. 135-143). Springer Berlin Heidelberg. Fields, O.G., 2012. The Wider Contribution to Australia of the Oil and Gas Industry. Grafton, R.Q. and Lambie, N.R., 2014. Australia's liquefied natural gas sector: Past developments, current challenges and ways forward.Australian Economic Review,47(4), pp.509-522. Hanson, B., 2012. The leadership development interface: Aligning leaders and organizations toward more effective leadership learning.Advances in Developing Human Resources, p.1523422312465853. Leather, D.T., Bahadori, A., Nwaoha, C. and Wood, D.A., 2013. A review of Australia's natural gas resources and their exploitation.Journal of Natural Gas Science and Engineering,10, pp.68-88. Novatsis, E., McCormick, P. and Lardner, R., 2012, January. Developing Internal Human Factors Capability In An Australian Oil And Gas Company. InInternational Conference on Health, Safety and Environment in Oil and Gas Exploration and Production. Society of Petroleum Engineers. Puckett, S. and Regan, T., 2013. The Liquefied Natural Gas (Lng) Business: From Evolution To Revolution. InAsia's Energy Trends and Developments: (In 2 Volumes) Volume 1: Innovations and Alternative Energy Supplies Volume 2: Case Studies in Cooperation, Competition and Possibilities from Central, Northeast and South Asia(pp. 125-148). Qian, W. and Zvezdov, D., 2012. Environmental Accountability. Sakmar, S.L., 2013. Global Gas Markets: The Role of LNG in the Golden Age of Gas and the Globalization of LNG Trade. Smith, M., 2013. The Oil and Gas SectorClimate Change Risks and Opportunities. Vermeire, J., The LNG Industry in 2011. Wilson, B., 2013.The biogeography of the Australian North West Shelf: environmental change and life's response. Newnes.

Extortion Hacks in Network and Information Security

Question: Discuss about theExtortion Hacks in Network and Information Security. Answer: The Extortion Hacks In Network And Information Security, Their Effects And How To Prevent Them. Data security is a major aspect that is considered by most of the organizations in the whole world where their information is kept safe from unauthorized users. However the current trend there is raise in cyber crime which had led to a high raise in risk of most of the organization loosing major and very important and sensitive information to malicious attackers. Many companies and organization who had fallen to be victims of cyber crime to encounter a very huge loss, this loss is in terms of finance where the company lose a lot of money to attackers (McGraw ,2010). However other company had risk of losing their reputation which eventually lead them to lose their customers trust and also business security. Therefore for any raising business there must be preparedness for ways to handle the risk that could arise since cyber crime is existing and happening each day . The cyber crime had evolved and changed to what currently referred to as extortion hack, this where the malicious attackers ,like hackers acquire money or properties ,without posing any physical dangers to the victims (LeBlanc,2012,115) . In extortion attack there is no use of force, however the attackers they issue threats to the owner of the information to damage information, harm their reputation, or if it is the government they threaten to release unfavorable action to the public. Upon the victim paying the ransom to the extortion hackers ,the information or attack planned is eventually reversed ,however the victims are not guaranteed that their infected resources will be eventually released or not. Among the recent successful extortion attackers are locky, cryptowall, samsam, cerber and cryptxxx, this is where they had been using new techniques to introduce malwares to encrypt the resources of victims and ensure there is anonymity during the payment process (Bellovin,2008, 125). Generally Cyber extortion is like, the previous kidnapping to get ransom, or maritime piracy which is yet discovered and reported. However there are two types of extortion which are federal crime if it is done between two state, and felony which is committed within one state . However any computer that is controlled by a hacker will be termed as a zombie or bot ,but they have been identified by both kaspersky and Symantec along side with spams, viruses, and worms which pose the greatest threat to internet security. The City of London Police and the FBI both estimate that 85% of national cybercrimes are not reported. As a result information is confined to open source material and gives a selective and incomplete view of cyber extortion(Ranum,2007,135). This was seen most dramatically in October 2015 when cybercrimes were recorded for the first time in UK national crime statistics, as a result the national crime rate increased by 107%. cyber extortion in particular are growing threats to individuals, businesses and organizations globally. Similar to other organized crime, cybercrime is a transnational. Figure1 This is the graphical representation of the extortion attack between year 2012 to 2015 which is in a rising trend. Types of Extortion Hacking The hackers and the malicious attackers had employed various ways to accomplish the extortion hack. This is to disguise themselves and increase the chance of their access to their clients information among the extortion attack methods used are: Ddos-based extortion. Compromised data release and extortion. Ransomware. Corporate Extortion . Sextortion. Hijacked Accounts . Explanation of Types of Extortion Hacking The extortion hacking is achieved by the various hackers using various distinct methods as discussed here below Denial-Of-Service (DDoS)-based extortion.This is where the attacker targets ,the companies websites which have critical business information ,however the attack will have a significant effects to the companys operations and also its revenue income level .There are two types of DDoS attacks that are used by the hackers ,these are network-centric attack where they use the bandwidth to overload the services, and application-layer attack which uses the application calls to overload database and the services. The Ddos attacker usually uses these three steps to accomplish their mission. The steps include: They send email stating sum of money demanded to the Target Company or organization. They demand the victims to pay in ransoms preferably in terms of bit coins in order to reverse the of the perpetrated DDos attack. The attackers will then add more pressure to the victims by even using negative information that show poor service and downtime which is another form of threat. This form of extortion takes place mainly by use of wireless communication, sent emails, sending texts, telephone calls can take place over the telephone, regular mail, text, email, computer, or wireless communication device(Panko,2013,156). Compromised data release and extortion.This is where the attackers threaten a company or any organization to release a very sensitive information that is can cause high damage. However, the data used is highly treasured since the hackers use a very selective piece of data. However there are some successful groups that had ever obtained sensitive data and eventually threatened to release it if their demands are not met; such a group is called Rex Mundi which was discovered by Holland, Tibbs, Tame, and Marriott(Howard,2012,130).One of the group's more famous cyber extortions was against Domino's Pizza in June 2014 in Europe. ZDNet contributing writer Liam Tung writes that Rex Mundi had access to over half-a-million customer records, and demanded 30,000 ($40,000 USD) or the personal information would be posted online. Ransomware.This is where attackers uses malicious software eventually blocks access to the system or devices it has infected. Some of the devices affected are computers or mobile devices where the hackers encrypt their stored personal files, preventing file, application, and operating system access .The victims are made to pay some fee for them to unlock the victims data in order to allow them to have access to the resources and regain the devices control.Some of the Ransomware used by the hackers includes CryptoLocker, CryptoDefense, CryptoWall, CryptorBit ,and WinLocker, where some of these generate a pop-up window on the the victims screen, and remain there until the amount of ransom is paid. Hijacked Accounts. The recent trend most of the system users and customers have been victims where about 15.6 to 30 percent of customers had been victims of their accounts being taken over by malicious hackers .This is achieved by the hackers where they crack weak passwords and illegally have access to the online accounts. This is a very serious act since they involves financial and credit card linked accounts ,other targets includes the facebook, twitter or LinkedIn accounts.However the hackers can also use the cloud services which range between, dropbox, Google play and icloud, where they threaten to erase information in the accounts or release to the public information and files stored in these accounts. In some cases they may end up breaking the iOs devices, these cases had been reported by some victims from countries like California and Australia. Sextortion .This is where the hackers still personal data which includes photos and videos ,this is executed by hacking of the computers ,phones or the webcams ,there after the hackers demand some pay or put then online .The different victims lose these information to hackers ,this includes when a former partner send them to a third party and the victim is threatened to share them online, also a hacker can access to online account stored theses images(Goodrich,2010, 150).Also in some cases if the computer or mobile victims can be infected remotely by the remote access Trojan(RAT) which allows the attackers to access the devices ,this will eventually make victims to be captured by their webcam remotely. Corporate Extortion. In this case the businesses and are the major target by the corporate extortion some of these attacks were done in Dominos in Europe. However there are various ways used for attack in this, this includes sending of ransom letter by threatening the business with a publishing of its reviews which are negative, complaints to business bureau, making calls which are harassing, or sending delivery orders which are fraudulent (Bishop,2012,123).However the attackers can break into companys network and get access to some sensitive information and data which can be credit cards, numbers of social security cards and even the clients email addresses. After accessing this information the hackers threatens to release to public or even sell the data unless the company give out the demanded ransom payments. Also in some cases hackers aim even to hack medical facilities and steal medical facilities and the patients records as well, for example a UK cosmetic surgery clinic or the 2012 hack at an Illinois medical practice(Pfleeger ,2007, 65). Extortion Hacks Prevention Measures. The companies are therefore advised to take the following measures to control the extortion hackers from gaining access of their information and demanding for ransom pay. Training of their staffs your staff. The customers should avoid opening any attachment in email from unknown person or un trusted person or source. Use rule of thumb: where one should not click any link in the e-mail and never open attachments especially zip files; however its important to hover the curser on it to see the source and if suspicious ask the IT support before opening it. Always watch on words in the subject line that can easily lure you, for example: resume attached, invoice attached then erase such messages. Avoiding opening some emails that seems to come from the company that you trust, like ups if no notification from the courier is expected. Always delete unsolicited emails with attachments and which are said to come from Banks, Amazon, Microsoft, eBay, or PayPal. Always back-up your data every day or night to avoid loss in case of hackers interfering with your data. By ensuring that company staff changes their passwords often preferably after every three months. Ensure that you install and use updated the real time anti-malware solution from a trusted vendor. Ensuring that all software installed in the computers or other devices are updated. Ensure that you backup all your personal data. Always avoiding to store your embarrassing pictures either online or on your mobile devices. Always ensure you make use of your mind, script-blocking plugins, and updated antivirus when surfing on the web. It is good to use a separate laptop while doing any online banking preferably , Google Chromebook for as little as $199.00. Conclusion The extortion hacks is a major threat in field of networking and computing ,however the hackers also have posed threat to small mobile devices ,due to this hacking most of the companies had lost important information, money and also time .Therefore in conclusion for any business or company that is about to start it is a requirement to ensure that their computers ,mobile devices and entire network is secure and their data is always backup on daily basis. This is to avoid risk of losing the valuable information to the hackers. References McGraw,v.(2010). Building Secure Software,2nd edition, London:Addison-Wesley. LeBlanc.H.(2012), Writing Secure Code, second edition ,1ST edition, Sydney:Microsoft Press. Bellovin.c.(2008),Firewalls and Internet Security,1st edition ,London: Addison-Wesley. Ranum.G,(2007), Web Security Sourcebook: A Complete Guide to Web Security Threats and Solutions ,1ST edition,turkey :Wiley. Howard.L,( 2012), Writing Secure Code, 2nd edition ,Portugal: Microsoft Press. Panko.H,(2013),Corporate Computer Security, 3rd edition, Netherlands: Prentice Hall . Goodrich.T,(2010), Introduction to Computer Security,1st edition,s.Africa:Addison-Wesley. Pfleeger.P,(2007), Security in Computing, 4th edition ,Korea :Prentice Hall. Bishop.G,(2012), Computer Security: Art and Science, London:Addison-Wesley.

Argumentative Paper Essay Topics - Part 1

Argumentative Paper Essay Topics - Part 1Argumentative paper essay topics need to include several points of view, an opposing point of view and challenge, some specifics, and a conclusion. Most importantly, a thesis statement must be included. The key is to provide a balance in the paper by presenting both sides of the debate and building your thesis statement on your two or three dominant points. The key is not to give the other side more attention than your own, but rather, provide enough detail to make your point stronger.Your argumentative paper essay topics should not be simply one sided. In fact, it's more accurate to say that all of your argumentative paper essay topics will be slightly biased towards either side. This is because there is more than one point of view involved. In the end, it's all about which side you believe is true. And if you believe one side more than the other, you should be able to present the supporting evidence to support your stance.Before tackling any topic, you must ensure that you have the proper study plan. That means that you have reviewed the information that you will be using as a basis for your arguments. You should also review your premise and final conclusions from the previous sections. That way, you can easily see what they are and how they apply to the rest of your paper. This will help you write coherently on the topic that you want to write.Finally, you need to remember that many people, even when they are faced with numerous articles, could get confused as to how to present and organize the information properly, therefore making them less effective argumentative paper essay topics. This doesn't mean you shouldn't use arguments. It's just that you should avoid too many examples and too many confusing sentences. Instead, stick to one or two ideas per paragraph and use a more concise way of presenting the idea.It may also be helpful to use the theme of the argument to make your paragraphs easier to read. For example, you may think you're writing about arguments that teaching facts. You can use the word 'prove' in your title so that readers will get the impression that they are learning facts and not facts about arguments. In other words, use titles to make your topics easy to understand.Even if you use a title or the theme of your paper topic, don't forget to come up with two or three strong points. However, you want to emphasize each strong point. By doing this, you're ensuring that your main points aren't buried under dozens of weak points.Additionally, you want to create argumentative paper essay topics that will encourage your readers to consider different views. For example, if you write about voting systems, you can give different possible viewpoints of what makes voting systems work and how they can improve. Although you may be talking about the same subject, you will still get people to think about alternative viewpoints and get them to ask questions and consider what they find interest ing.And finally, you need to understand that it is not the strength of your argument that is important; it is the strength of your weak point. Weak points are equally as strong and powerful as strong points. The key is to present both.

Economics Supply And Demand Essays - Consumer Theory, Babysitter

Economics Supply And Demand Economics, supply and demand In the article we find that teenagers have the oppertunity to be demanding about their salary in the baby sitting field, because the amount of babysitters today are scarce. The babysitting population, teenagers, find themselves busy with school, part time jobs, and extracirricular activity. Teenagers with drivers licenses are even more scarce than those with out, all in all, It's hard to find a babysitter. Times have changed, just twenty years ago there were 33 million children who needed to be watched, and 39 million babysitters(age 10 - 19), recent polls suggest that children that need to be watched raised 18 percent to 39 million while baby sitters dropped 5 percent to 37 million. The rise in children coupled with American families spending more time out then years ago, has allowed the babysitters to set their price with out haggeling. Baby sitters are making well over the federal minimum wage of $5.15 an hour because they are in demand, and scarce; the babysitters who train in CPR, serve dinner, and drive are the hardest to come by and can demand the highest wages. In this article we see many examples of supply and damand and the powers of supply and demand. Babysitters are in demand, there is an increase in the amount of children who need to be watched yet there are relativly few who choose to babysit from the allready decreased amount of the babysitter work force. This gives the babysitter the advantage of a noncompetitive work force, allowing the baby sitter to set the price with out bargaining. If we were to compare two different production possibility frontiers, we would see a left shift of the curve while demand for baby sitters rises, from 1980 to 1996. In economics we concider this an inflation, the amount of

History of the Millerites, a Religious Sect

History of the Millerites, a Religious Sect The Millerites were members of a  Ã¢â‚¬â€¹religious sect  who became famous in 19th century America for fervently believing the world was about to end. The name came from William Miller, an Adventist preacher from New York State who gained an enormous following for asserting, in fiery sermons, that Christ’s return was imminent. At hundreds of tent meetings around America throughout the summers of the early 1840s, Miller and others convinced as many as one million Americans that Christ would be resurrected between the spring of 1843 and the spring of 1844. People came up with precise dates and prepared to meet their end. As the various dates passed and the end of the world did not occur, the movement began to be ridiculed in the press. In fact, the name Millerite was originally bestowed upon the sect by detractors before coming into common usage in newspaper reports. The date of October 22, 1844, was eventually chosen as the day when Christ would return and the faithful would ascend to heaven. There were reports of Millerites selling or giving away their worldly possessions, and even donning white robes to ascend to heaven. The world did not end, of course. And while some followers of Miller gave up on him, he went on to play a role in the founding of the Seventh Day Adventist Church. Life of William Miller William Miller was born February 15, 1782, in Pittsfield, Massachusetts. He grew up in New York State and received a spotty education, which would have been typical for the time. However, he read books from a local library and essentially educated himself. He married in 1803 and became a farmer. He served in the War of 1812, rising to the rank of captain. Following the war, he returned to farming and became intensely interested in religion. Over a period of 15 years, he studied scripture and became obsessed with the idea of prophecies. About 1831 he began to preach the idea that the world would end with the return of Christ close to the year 1843. He had calculated the date by studying Biblical passages and assembling clues which led him to create a complicated calendar. Over the next decade, he developed into a forceful public speaker, and his preaching became extraordinarily popular. A publisher of religious works, Joshua Vaughan Himes, became involved with Miller in 1839. He encouraged Miller’s work and used a considerable organizational ability to spread Miller’s prophecies. Himes arranged to have an enormous tent made, and organized a tour so Miller could preach to hundreds of people at a time. Himes also arranged for Miller’s works to be published, in the form of books, handbills, and newsletters. As Miller’s fame spread, many Americans came to take his prophecies seriously. And even after the world did not end in October 1844, some disciples still clung to their beliefs. A common explanation was that Biblical chronology was inaccurate, therefore Miller’s calculations produced an unreliable result. After he was essentially proven wrong, Miller lived for another five years, dying at his home in Hampton, New York, on December 20, 1849. His most devoted followers branched off and founded other denominations, including the Seventh-day Adventist Church. The Fame of the Millerites As Miller and some of his followers preached at hundreds of meetings in the early 1840s, newspapers naturally covered the popularity of the movement. And converts to Miller’s thinking began to attract attention by preparing themselves, in public ways, for the world to end and for the faithful to enter heaven. The newspaper coverage tended to be dismissive if not blatantly hostile. And when the various dates proposed for the end of the world came and went, the stories about the sect often portrayed followers as delusional or insane. Typical stories would detail eccentricities of sect members, which often included tales of them giving away possessions which they would no longer need when they ascended to heaven. For instance, a story in the New York Tribune on October 21, 1844, claimed that a female Millerite in Philadelphia had sold her house and a brickmaker had abandoned his prosperous business. By the 1850s the Millerites were considered an unusual fad which had come and gone.