Helping You Use Information Technology Productively
The Foreign Asset Tax Compliance Act (FATCA) requires foreign financial institutions (FFI) to identify any account holders who are U.S. citizens and to disclose their account information to the US Internal Revenue Service (IRS). FATCA has many implications to foreign companies, and especially us in the Caribbean region.
In the insurance world, moral hazard is where an insured person takes more risks because the potential costs of such risks are taken care of by another party. In IT there is something very similar.
The Zeus trojan has undergone another version change and is now targeting small to medium businesses. Both small business and small financial institutions should be aware of the threat and what steps they can follow to lower their risk of attack.
A DDoS attack on a business interrupts the Internet services and can carry some heavy financial losses.