Actually the online banking was proposed in 1980 and presidential savings bank was the first bank to provide online banking service for its customers. Basically online banking is 24×7 services to the customers which help to update their banking details, fund transfer, view all updated notification related to bank and perform online transactions. People opt to use online banking service has it is time saving and easy process from the manual system at physical banks. Online banking makes customers to perform transactions globally.
Banks develop their sites in a user helpful manner. So that customers can do fund transfer with ease and more comfort. The basic things that the people need to do internet banking are person must have a online account related to a bank, an active internet connection, user Id, bank account number, PIN number .
It also runs at non working hours but in case of traditional banks the working hours are limited and employees work only up to that time. If any problems occur with online transactions then the site provides a toll free number to make a call and clear all the doubts. Usually after opening a virtual account the bank will post you some important documents which include cheque book and a paper that contains details about the account number, user ID, password, phone banking password.
Banks use some high security features and encryption algorithms for maintain security and prevent them from unauthorized users. So that it becomes difficult for the hackers. So use internet banking to prevent wasting time at traditional bank.
The advantages related to internet are more than the disadvantages. But the disadvantages which are in less number cause great loss to the people. Individual having internet connection can view the business, academic, government and social networks to gather relevant information about the sites.
Advantages:
Communication:
It is major advantage of internet. By which people can chat, answer video calls and send emails to their loved ones who stay at distant places. Still developments are going on to increase the fastness and reliability of communication channel over internet. With the help of internet we can share the information globally.
Information:
It is equal to library and more than it. Because it has huge information and it is helpful for students to complete their project work. In present days all the teachers are encouraging students to assignments based on various topics that are there in internet. Search engines like Google, yahoo, msn etc helps students to gather the relevant information that they need.
Entertainment:
With internet connection you can entertain yourself by listening to latest albums in music industry, watch movies and enjoy games as cricket, casino etc.
Disadvantages:
Spamming:
It is a process of sending e-mails in bulk so that the system gets destroyed .it cannot be stopped by take some measurements to control the level of spamming.
Pornography:
It is the only reason why internet is not used by the adults as it contains some social networking site that has some nude images, videos that affect the children. However internet is helpful to the people.
Internet is helpful in many ways .the world wide web and websites on internet helps a common man and develops a global exposure to the educated people. Some common uses are
Email service:
It is the best service that most people prefer to use on internet. It helps in getting contact to a person in different country and it happens within few seconds. Many web sites offer this service on net. The mostly used sites are Gmail, yahoo mail etc
Gives business opportunities:
Internet makes more business opportunities. Some related businesses over internet are:
• You can develop web site on internet. Primary step for this is, to have a domain name in mind and registering it by paying some amount to the web host. And web host is the company that makes website to appear on the internet and make people navigate into it.
• Blogging is a kind of personal website where the individual shares his details, events, videos or posts.
• Article writing is popular business over internet that is available for free. But the important thing is that you need to furnish the relevant information about the topic that you are writing.
Entertainment:
It gives a great fun and entertainment as we can play games like casino, black jack and other common games that are played by the people without age difference. You can download different games, movies and music with all latest updates.
Job search:
It is great advantage for unemployed youth to upload their resumes in job portal like shinejobs.com, timejobs.com, naukri.com etc. you get number of calls from recruiters after uploading resume in site.
Internet privacy is hot topic in present internet world because there is an increase in number of visitors. Similarly the hackers, advertisers are waiting to regulate the laws and break the privacy of users. The hackers can hack in to your accounts and grab the personal details. Which in turn harm your privacy but also ends with financial loss. In office employees can access your activities and if you are in a cyber café, the head of cafe can track all your activities performed on internet.
Cookies:
It is a small technical tag element that comes along with the browser that you use for internet operations. The website is attached with cookie it saves all the operations that you have done and remembers when you visit next time. Generally cookies are harmless but when they get accessed advertisers they are danger. When it is used in wrong way the cookies are useful in tracing the individual details.
The electronic frontier foundation, electronic privacy information center etc are striving hard to maintain the user’s privacy.
Spyware:
Spyware is a piece of software used in gathering the information about the personal and financial status. The hackers use this spyware in making illegal transactions or sell it to other people for money. To avoid hacking install anti-virus protection program and anti-spyware. It is not possible to stop the transfer of information. But it is avoided by using only original sites and prevents shopping from unreliable sites. Always see for the key lock at status bar of site to decide that it is real or duplicate site. So read the guidelines and be protected from phishing attacks.
In 1984, Cisco was developed by group of scientists who studied in Stanford University. They laid foundation for the internet protocol (IP) a technology that is based on network. These innovations help many companies that manufacture the leading industrial products that are helpful in fields of routing and switching. The range of products offered by the company depends on network security, IP telephony, wireless LAN, storage networking, optical networking and home based networking.
Routers are generally defined as traffic movers over the internet.ihs technical services and advanced services. It distributes its products directly through the original Cisco outlets and related partners like service providers, commercial business analyzers etc. Cisco is the only company that uses internet tools for the development of products.
It not only manufactures networking products for the internet but also sells its products to customers through e-commerce. It opposes all the government regulatory acts against the internet because it reduces the efficiency, growth and popularity of internet.
Government has proposed an act called federal Communications decency act .the main aim of this act is to censor the type of information shared through the internet. It is estimated that internet has sales crossing $3.2 trillion in a current year. The statistics were for the year 2003. The economic principle of internet is “law of diminishing returns”. It means that the company gains a smaller profit on each customer when they visit the site. So the internet helps Cisco in many ways by marketing the products and helps in finding the routers and other net related items .so make effective use of internet.