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ith identify theft and hacking of open source network activities real threats in the internet age, it is increasingly important for online shoppers bankers to be aware of the risks and for online financial institutions to be armed to protect against them. For the banking industry, which
has gone to considerable lengths to continually upgrade security measures, this presents a demand which is simultaneously economic and ethical. Indeed, the transition of users from traditional to online banking methods will be a shift "resulting in considerable savings in operating costs for banks. " Sathye, 325 This highlights the nature of it risks for all companies, which must balance security concerns with the financial optimization often associated with such change. Online banking,…… Private Cloud Computing isks and Challenges Bahrain Gov. Cloud Computing Experiences of Other CountriesFocus on JapanJapan has in the past had the rather lousy record of being
an unwilling or late adopted of non Japanese technology. Indeed, as a matter of fact, most of the country's businesses were rather reluctant to embrace West developed technological innovations including but not limited to Twitter and Facebook. It hence comes as a complete surprise that the country received an excellent BSA Global Cloud Computing Scorecard ranking. In the words of BSA 2013, "the scorecard examines major laws and regulations relevant to cloud computing in seven policy categories as well as each country's ICT related infrastructure and broadband deployment. " Some of the factors that carry significant weight in the said scoring system therefore include but they are not limited to cloud computing rules international harmonization, presence of effective anti cyber crime penalties, intellectual property…… Security Sector eformOverview of the relevant arguments regarding Security Sector reformThe objective of security sector reform has to take care of the threats to the security of the state and the safety of its citizens. These arise often from the situation within the state and military responses may not be suitable.