Return-On-Asset Ratio, Effects on the Loan Portfolio and the Investment Portfolio, and the FDIC

Low Return-on-Asset Ratio

It is always important for management to monitor all of the company’s finance, including income as well as expenses on a regular and frequent basis to make decisions on where to invest the company’s funds.

A low return on assets ratio indicates that unsuccessful or insufficient management of interest rate margin, noninterest income and expenses, and loan loss reserves is present. Banks have been focusing to receive a high portion of net income from noninterest income by providing other services, such as insurance or brokerage. Fees are another source of noninterest income for banks. When noninterest expenses (such as overhead or advertising expenses) exceed noninterest income however, then the return on assets declines.

A low return on asset can also be caused by high loan losses. This usually happens when banks offer loans to people who default on their payments, especially in times when economic conditions are less favorable. The net interest margin of a bank is impacted by many different factors including, but not limited to: interest income, non-interest income and expenses, loan loss reserves. Poor management regarding any or all of these factors result in a low net interest margin and low (if any) net income.

The relationship between the ROA and ROE

Return on assets and return on equity are both measures of a bank’s performance. As mentioned above, the return of assets for a bank is impacted by factors of interest income, non-interest income and expenses, loan loss reserves. Poor management regarding any or all of these factors result in a low net interest margin and low (if any) net income. The difference between the ROA and ROE of a bank is that return on equity depends on the return on assets and in addition depends on the financial leverage of a bank (which is multiplied by the bank’s return on assets to equal the return on equity). There is not a direct relationship between the ROA and ROE. While the ROA high, the ROE may be a lot lower and still decreasing.

Effect on the credit decision in the loan portfolio and the investment portfolio

Credit decisions in the investment portfolio from the stand point of an investor should be based on a bank’s return on assets to measure its performance, and also on its return on equity, which is closely related to the bank’s financial leverage. The lower a bank’s financial leverage, the higher the amount of money the bank simply holds in reserves and does not loan out to people or invest. As an investor, it is important to know that a bank holds enough money in reserves to pay out interest to its investors. The lower a bank’s return on assets the more risky it is to invest in any securities issued by that bank.

Credit decisions in the loan portfolio from the stand point of the bank should not be too conservative, meaning that the bank will only give out loans to people with a low risk of defaulting on loan payments, which would result in a low interest income and lower bank’s ROA. However, loans should not be given out to everyone either, because the risk would be higher to incur loan losses, which would lower a bank’s ROA as well. Thus, in times of less favorable economic conditions, banks should be more conservative of providing loans to people and vice versa to minimize the risk of incurring loan losses due to payment defaults by borrowers.

From the stand point of the FDIC:

Why is the capital position important?

The capital position of a bank is important from the stand point of the FDIC, because capital is an indicator of a bank’s strength and the higher a bank’s capital (leaving all other factors equal), the lower the risk of that bank causing the consumer losses. The Federal Deposit Insurance Corporation insures consumers up to a certain amount of their funds in case a bank goes out of business or files bankruptcy. Thus, a bank’s capital position is important to the FDIC, how likely it is for that bank to go out of business (for example) and make the FDIC pay the banks consumers’ funds back, which the FDIC obviously wants to avoid.

Source by Nicole Elmore

The post Return-On-Asset Ratio, Effects on the Loan Portfolio and the Investment Portfolio, and the FDIC appeared first on Big Financial BLOG.

source http://blog.bigfinancial.co.uk/return-on-asset-ratio-effects-on-the-loan-portfolio-and-the-investment-portfolio-and-the-fdic/

Understanding PRMIA and GARP Certifications

Professional certifications are important to both the individuals that obtain them as well as the organizations in which those individuals work. In the financial field, personnel involved in risk management can obtain several important certifications from two major international groups. In today’s uncertain financial environment, professional certifications can go a long way to calm investors and regulators, as well as restore faith in the financial system in general.

But before we look at the organizational and individual benefits of the most common risk management certifications, we should spend some time becoming generally familiar with the certifications and the groups that offer them. There are two major groups offering risk management certifications: the Professional Risk Managers’ International Association (PRMIA) and the Global Association of Risk Professionals (GARP). Both of these organizations show their certifications as widely recognized and accepted, although the organizations approach certifications differently.

PRMIA offers the Professional Risk Manager certification, or PRM. PRMIA calls the PRM certification “The Higher Standard in Risk Management” and is very flexible on how professionals prepare for the certification exams. The PRM is essentially a validation of skills that are most likely picked up in every day work in the risk management arena. The certification does stress professional standards and integrity in addition to skills and knowledge. Also, the PRM tests an individual’s ability to not only know best practices but his or her ability to apply those best practices in the appropriate situations. The candidate must be a member of PRMIA in order to sit for the certification exams, and, as in many cases with professional certifications, the candidate with other industry certifications, such as the CFA (Chartered Financial Analyst) may have an easier time attaining the PRM. In the industry at large, hiring managers often use the PRM designation as a measurement for the most desirable risk management skills.

GARP offers two major risk management certifications, the FRM, or Financial Risk Manager, and the ERM, or Energy Risk Professional. The FRM, according to GARP, is one of the certifications that is currently desirable to recruiters who are looking to fill senior risk manager positions. There are only around 18,000 FRM’s in the world, which is a small number for a professional certification that is recognized around the world. In order to qualify for the FRM, a professional must have two years related experience and must also be a member of GARP.

The ERM certification is obviously for energy industry risk managers, who must also have at least two years experience in the field of energy risk management. These professionals must also be members of GARP. GARP is in the process of creating a continuing education program and requirements for the ERM certification, which will most likely become a requirement in 2010. In the field of risk management, the ERM is one of the only designations that has or is about to have a continuing education requirement.

It’s a good idea to have a general feeling of what professionals hold risk management certifications – as well as what industries look for these professionals. The top industries with certified risk managers, and whose recruiters look for certifications, are banking, academics, asset management, and government. There are many other sectors of the financial industry in which you will find certified risk managers. Professionals who hold these certifications also hold a wide variety of positions, from junior through executive levels. The most common jobs held by certified professionals in the field are risk managers, analysts, consultants, accountants, traders, portfolio managers, and even operations managers.

What exactly does the professional have to undertake in order to become certified as a risk manager? It depends on the program, but both the PRMIA and GARP certifications are either strictly structured or strictly unstructured in regard to preparation, and both organizations certify only after examination. To obtain a PRM certification, the candidate must take four examinations, either separately within two years or all at once. These exams cover financial theory, financial markets, risk management mathematics, best practices, ethics, conduct, and case studies. PRMIA will help a candidate prepare for the examination through a variety of preparation courses and seminars, but the candidate is not required to “officially” attend any courses. In fact, PRMIA encourages organizations to use the exams separately as ways to test potential job candidates or to test for promotional readiness. As we discussed, a PRM candidate can take the entire battery of tests at one time, or can spread the four out over two years.

The GARP FRM certification is broad based, covering market risk, credit risk, operational risk, and risk management in investments. There is only one exam in order to obtain the FRM certification. The ERP certification, on the other hand, requires about 250 hours of study to prepare and is also only one examination. The ERP core competencies include physical energy markets, risk management compliance, financial trading, and valuation of energy transactions.

We will discuss specific benefits of these certifications throughout the risk management series, but it’s a good idea to consider why certifications might be important to your organization. A professional designation carries proof of knowledge and competence in specific areas. Your organization can use the certifications as a way to market or prove competence in the field, and can even use the possibility of certification as a way to recruit and retain the best talent. In today’s financial market, a certification may show a higher dedication to ethics and integrity, both on the organizational and individual levels, and this may help to satisfy regulatory agencies and shareholders.

The next step in this series is to look more closely at the curriculum and study methods for each of the certifications, and determine why this is important to the organization.

Source by Bryant Nielson

The post Understanding PRMIA and GARP Certifications appeared first on Big Financial BLOG.

source http://blog.bigfinancial.co.uk/understanding-prmia-and-garp-certifications/

What Does NSF Stand For? An FAQ on Overdraft Fees

You have probably heard the term “NSF” or “NSF fee.” This is a term that, once you understand how it can affect you each month, will probably make you a little bit angry. However, it is a good idea to educate yourself about what NSF stands for. Once you do, you can take steps to avoid NSF fees.

What Does NSF Stand For?

NSF stands for non-sufficient funds. This is a fee that is typically levied by a bank against any customer who writes a bad check or tries to use their debit or credit card when the checking account balance is too low to support the charge.

Another word for NSF fee is overdraft fee. NSF, or overdraft, fees can easily run up to $30 or $35 per instance. This means that, over the course of just a day or two, just three overdraft fee charges can cost you a $100 in bank fees alone.

And this is not an uncommon occurrence. That is because most debit cards are linked to overdraft protection programs. This means that the bank will allow your debit card purchase to go through, even if the checking account balance to which the card is linked is too low. The result is that on the very same day, you could unknowingly make 2, 3 or more purchases on your debit card without even being notified by the bank that your balance is too low.

An FAQ on Overdraft Fees

Here are 5 frequently-asked questions about overdraft (NSF) fees:

1. Most banks charge overdraft (NSF) fees: The vast majority of banks and credit unions charge some form of overdraft fee. This is simply a normal way of doing business for banks – and a very lucrative one for them.

2. Overdraft fees are a way of protecting the bank: In theory, the fee is justified because it protects the bank’s profits. The bank has to incur a small interest cost when it covers your overdraft for a day or more until you replenish your account’s funds. However, the fees they charge far outweigh the costs they incur, making them grossly unfair in the eyes of many consumer advocates.

3. They are also a profit center for banks: Given the large amount of revenues banks realize from these fees, they are a true profit center. Meaning: banks rely upon these fees as part of their income source.

4. You can avoid overdraft fees by taking careful measures: By checking your balance religiously or by always keeping a padding of money in your account, you can avoid these fees. However, many people find this impractical.

5. Or, you can switch to a bank that will never charge you overdraft fees: Some banks will never charge you an overdraft fee, even if you overdraw your account. If you switch to such a bank, you will never pay overdraft fees again.

The answers to these FAQs can help you save money by not paying NSF, or overdraft, fees.

Source by Susan Willis

The post What Does NSF Stand For? An FAQ on Overdraft Fees appeared first on Big Financial BLOG.

source http://blog.bigfinancial.co.uk/what-does-nsf-stand-for-an-faq-on-overdraft-fees/

Facts on Savings Accounts

Facts about a Savings Account

Savings Bank Accounts are the simplest of bank accounts that one can open. They are meant to promote the habit of saving among the citizens while allowing them to use their funds when required.

Savings Bank Account can be opened in the name of an individual or in joint names of the depositors. The minimum balance to be maintained in an ordinary savings bank account varies from bank to bank.

Public sector banks require a cheaper minimum balance compared to private banks.

Things to Consider While Opening a Savings Account

It is advisable to seek the following information from bank before opening the account:

· Minimum balance requirements.

· Penal provision in case the balance falls below the minimum stipulated amount

· Bank charges applicable e.g. ledger fees

· Any extra fees chargeable

· What other benefits are offered by the bank e.g. loan facilities and banking flexibility

. Document Required For Opening a Savings Account (this might vary from one bank to the other)

· Two passport size photographs

· Legal form of identification e.g. Identity Card, Passport

· An introduction letter that acts as a referee from an existing account holder.

· Minimum opening balance

Some of the advantages of a Savings bank account

· Savings account provides very high levels of liquidity. Every day, any time 24 hours, 7 days a week, you have the rights to withdraw your money via email if the bank is closed.

· There is interest paid annually on savings account and this varies from one bank to the other.

· Savings bank account also provides a saving for the future.

Source by Sarah Mutuku

The post Facts on Savings Accounts appeared first on Big Financial BLOG.

source http://blog.bigfinancial.co.uk/facts-on-savings-accounts/

Power of Illusion, Illusion of Power

In my last articles I pointed out the fatal flaws of the current ruling paradigm; the paradigm of materialism rooted in dualistic thinking. Materialism not only fails to explain many essential aspects of our reality, but its logical structure also fails.

Materialism fails to explain past life recall, reincarnation, near death experience, telepathy, telekinesis and so forth… even though evidence for all these phenomena is well documented and statistically unassailable. Materialism fails to explain the origin of life on Earth, speciation, consciousness… and yet science is holding on to this false belief system, this illusion, seemingly at all cost.

Materialism also fails by internal logic; matter, considered fundamental by materialism, is convertible into energy and energy into matter. Nuclear energy and particle accelerators do this conversion every day, without doubt. If matter were truly fundamental, the ultimate basis of all existence, this conversion could not happen.

For matter to be converted into energy and for energy to be converted into matter there must be a common functioning principle through which the conversion occurs… and the CFP of matter/energy must by definition be more fundamental than either matter or energy. Matter and energy are the flip sides of a more fundamental CFP, whatever it may be.

The power of illusionary belief is immense; mainstream science is constrained by false belief, by illusion. The dogmas of materialist science are rooted in illusion; no evidence showing the failure of the prevailing paradigm or illusion is examined or even admitted to exist. The taboo against such investigation is too powerful for all but a few mavericks who investigate reality in spite of mainstream dogma.

History is filled with examples of the power of illusion; when the illusion that the Earth is flat prevailed, voyagers were afraid to travel out to sea because they would ‘fall off the edge’. When Galileo showed that the Earth is not at the center of the universe, the powers that be… in his case cardinals of the Catholic Church… refused to look through his telescope. Looking at the evidence was forbidden by taboo. Looking and seeing would have been an admission that their beliefs, aka illusions, were wrong.

Eventually all illusion is shattered; once the illusion of a flat earth vanished, sailors crossed the seas without any fear of ‘falling off the edge’. Once the illusion that the Earth is at the center of the universe vanished, science and cosmology progressed without hindrance.

The biggest illusion of all is the illusion of power. Specifically, real power is conflated with illusion of power. The US military is arguably the most powerful in the world. The destructive power inherent in the myriad guns, bullets, rockets, and bombs this military commands is beyond doubt. The illusion lies in the belief that a single man, the Commander in Chief, controls this awful power. The illusion is that hundreds of thousands of humans acts at the whim of one person; that the ‘chain of command’ represents real power.

The chain of command is an illusion, and has power only if and as long as the illusion remains intact. Mutinies, military stand-downs, revolutions, civil wars are all examples of shattered illusion. Once shattered, illusion loses power. Such is the fate of all illusion, even if extraordinary efforts are made by TPTB to maintain an illusion.

In the Soviet military, once considered the second greatest power on Earth, communist ‘commissars’ accompanied the troops… to make sure that orders were obeyed, that the illusions of Communism were upheld, at the pain of death. Indoctrination, brainwashing, threats are used to maintain the status quo, the ruling illusion… but eventually the illusion shatters, and the power of the illusion vanishes.

At this very moment in history we are witnessing the destruction and imminent breakup of the power of a major illusion. Ebola is a horrific affliction but it brings another illusion to the forefront. If Ebola truly goes ‘viral’, the illusion of the power of mainstream medicine will be shattered at a wondrous pace.

In a recent interview, an American doctor gave away the illusion, by pointing to its heart. Many other doctors see the truth, see through the illusion… see truth that is being withheld by ‘the powers that be’, with the excuse that ‘we must act to prevent panic’.

Another American doctor, just back from Sierra Leone, has shown that Ebola can be cured by a simple method of blood treatment using ozone. The ozonation of blood kills the Ebola virus, and helps to regulate the immune system. Immune system over reaction to viral invasion seems to be the proximate cause of symptoms and death; Ebola is an autoimmune disease.

The powers that be refuse to allow ozone treatment… because it is taboo, because it violates the current illusion that vaccination is the answer… and to be brutally frank; there is no wealth to be made using ozone therapy. Ozone is dirt cheap, vaccines are lucrative.

The reality is that ozone treatment is forbidden… at the pain of a doctor losing his license to practice. But this ‘license to practice’ is just a piece of paper. Who cares about a piece of paper if nasty, immanent death threatens? Even though many doctors still obey, others are ready to shatter the paradigm in spite of threats by ‘TPTB’. The threat of death by Ebola is stronger than the threat of losing the piece of paper.

Real power lies in the power to cure, not in the piece of paper. As the truth emerges that a cheap, safe, easy method to cure the horror of Ebola exists, and that some doctors are using this method to save lives, the power of truth will easily overcome illusion. The power of the medical establishment will shatter and scatter like chaff in the wind.

This brings us full circle to the most insidious, destructive illusion of all; the illusion that Government issued paper with numbers printed on it is money. This pernicious illusion underlies the power to control and manipulate the world economy to the benefit of the perpetrators, at the expense of the rest of humanity, the victims.

Enormous power lies in the illusion of Fiat ‘money’… but like all illusion, is subject to being shattered by truth. Once the illusion of the ‘faith and credit’ that purportedly backs Fiat currencies is destroyed, a new era of real money will emerge. Real money, Gold; not paper notes borrowed into existence without limit. Truth will replace the illusion and lies of Fiat.

Just as the power of a gun is real, but the power to command where the gun is aimed is an illusion, just as the power to cure disease is real but the license to cure is an illusion… so the power of Gold to extinguish debt is real but the power of Fiat is illusion.

Source by Rudy Fritsch

The post Power of Illusion, Illusion of Power appeared first on Big Financial BLOG.

source http://blog.bigfinancial.co.uk/power-of-illusion-illusion-of-power/

5 Things to Consider While Selecting a Financial Planner

Unlike someone calling himself a CPA or a physician, just about anyone can call himself a “financial planner” or a “financial advisor” regardless of their educational background and professional experience. Moreover, not all of them are unbiased in their advice and not all of them always act in their clients’ best interests.

To ensure your financial planner is well-qualified in personal finances and impartial in his advice, consider the following five things:

1. Planning Credentials: Having a highly-regarded credential in financial planning, such as Certified Financial Planner (CFP) or Personal Financial Specialist (PFS), confirms that the professional you intend to work with has acquired the education and experience necessary to serve as a financial planner. CFP and PFS credentials are awarded to only those individuals who have met the certification requirements of education and experience in planning for personal finances. In addition, they have to pass the certification examinations and agree adhere to the practice standards and continuing education requirements.

2. Subject Matter Expertise: Financial planners are planning professionals, not necessarily subject matter experts. For example, a financial planner will be skilled in tax analysis and planning,but unlike a Certified Public Account (CPA) or an IRS Enrolled Agent (EA) he might not necessarily be a subject matter expert when it comes to tax rules Similarly,a he could be skilled in chalking out an investment plan, but unlike a Chartered Financial Analyst (CFA) he may not be an authority in the subject of investments. Work with a financial planner who is also a subject matter expert in those areas of personal finance that are important in achieving your financial goals.

3. Client Specialization: Not all financial planners serve all types of clients. Most specialize in serving only certain types of clients with specific profiles. For example, a personal planner may build his expertise and customize his services to serve only those individuals and families who are in certain professions, or a particular stage of life with specific financial goals and net worth. Ask whether the planner specializes in serving only certain types of clients with specific profiles to determine whether he is the right fit for your situation and financial goals.

4. Fee structure: The fee structure largely determines whose interests he serves best – his client’s or his own. A Fee-Only professional charges only fees for their advice whereas a Fee-Based professional not only charges fees but also earns commissions, referral fees and other financial incentives on the products and solutions they recommend for you. Consequently, the advice from a fee-only one is more likely to be unbiased and in your best interests than the advice from a fee-based financial planner. Work with a professional whose fee structure is conflict-free and aligned to benefit you.

5. Availability: He or she should be regularly available, attentive, and accessible to you. Ask the planner how many clients he currently serves and the maximum number of clients he is planning to serve in the future regularly. This clients-to-planner ratio is one of the key factors in assessing your planner’s availability to you in the future. Also, ask which planning activities are typically performed by the planner and which ones are delegated to a para planner or other junior staff members. Lastly, make sure the planner is easily accessible via phone and email during normal business hours.

Once you have shortlisted a few well-qualified and unbiased financial planners in your local area, consult the ones who offer a FREE initial consultation first. During the initial consultation, assess the planner’s availability and any other professional attributes you are seeking in your financial planner.

Having a well-qualified and unbiased financial planner by your side is extremely important in your journey towards your financial goals. When searching for one, consider the planner’s professional credentials, client specialization, subject matter expertise, fee structure, and availability to select the right financial planner for your needs.

Source by Ashwin Dhanesha

The post 5 Things to Consider While Selecting a Financial Planner appeared first on Big Financial BLOG.

source http://blog.bigfinancial.co.uk/5-things-to-consider-while-selecting-a-financial-planner/

Computer Viruses and How to Deal With Them

1- What is a computer virus:

A computer virus is a software program which is able to replicate itself and spread from one infected computer to another. The infected objects can be system, program or document files. After infecting your computer, it might slow it down, damage the contents of the infected files, mislay the data or defect your computer systems normal operation.

The virus can also use your computer to propagate illegal adverts and send spam emails that exploit security (adWare), steal your personal information such as bank account number, credit card number etc. (SpyWare). Some types of viruses might use your computer to create a bot net (virtual computer network) to attack other server systems and websites etc.

2- Type of viruses on Windows based computers:

There are a number of computer viruses that can impede the functioning of your computer. Here are some of the different types of viruses:

Trojan Horse: It is an email virus that is created by a file attached to the email. If opened, it may scour your hard drive for any personal and financial information such as your social security, account and PIN numbers. Once it has collected your info, it is sent via the internet to a hacker or thief.

Macro Virus: It is a computer virus that infects the Visual Basic language documents for applications such as Microsoft Word, Microsoft Excel etc. This type of virus can cause damage (such as removing data on the hard disk for example).

Worms: It is a program that has the ability to self-replicate itself. It can move from one computer to another and replicate itself in your computer system then spread hundreds of its copies to other computers that might cause wide spread damage.

Rootkit Virus: It is a program that is possible to cover the processes, files and data in the computer Registry (a database which is used to save Windows’s system and program settings). Rootkit is usually used to hide the activities of viruses and processes which harm your computer. It is to help a hacker to control the system.

Bootsector Virus: A virus which attaches itself to the first part of the hard disk that is read by the computer upon bootup. These are normally spread by floppy disks.

Logic Bombs: It is a program that is used to send many data to the same email address and overwhelm the system or block the server connection. It is also used to threaten others (for example mail bomb etc.).

Memory Resident Virus: This type of virus dwells in the RAM. From there it can overcome and interrupt the operations executed by the system. It can corrupt files and programs that are opened, closed, copied, renamed etc.

Multipartite Virus: These viruses spread in multiple ways. It might vary in its action depending upon where it’s installed and the presence of certain files.

3- How do you get a virus and Prevention:

These are 3 common ways that your computer may get infected by viruses:

Email: You get an email from a person that contains one or more viruses. If the attachment is opened, the viruses may infect files in the computer. The viruses might also send emails to people from your email address book or email folders automatically. So, you should not open unknown attachments in emails or do a virus scanning after opening them.

Internet: If you download an exe file or a data file from the Internet or other shared networks, viruses might be transferred to your computer. Sometimes the free software programs on the Internet have viruses especially if downloading from sources such as Torrent or Usenet news groups. Therefore, if necessary, you should download files from trusted resources.

Peripheral devices: The devices such as MP3 player, USB thumb drive, Memory card or CD Rom are also means for spreading viruses. So, remember to do a virus scan for them after they are connected to your computer.

4- Symptoms of virus infection:

These are some of symptoms which may indicate virus activity:

• Your computer has unusual activity (e.g. programs crashing a lot or running slowly).

• Messages or images (unrelated to your current task) come up unexpectedly.

• A program may start up unexpectedly.

• Your firewall informs that a certain application is trying to connect to the Internet (unrelated to what you are working on).

• Your friends say that they get emails from you but you did not send any to them.

• You receive many system error announcements. (Note: This may also come from another activity such as a hardware problem or genuine system error)

• Windows does not run when you start up your computer. (Note: This may also come from a hard disk problem)

• You realise that folders and files are removed or changed.

• You find that there’s an access to your hard disk (one of the small light is blinking) even though there are no programs running.

• Your web browser has abnormal indications, for example it opens an unknown web page or you cannot close the browser tabs.

• Advertising pages pop up, desktop wallpaper changes.

• Exe files occur and have the same names as the folders.

• On the right corner of your computer, there is a small symbol written “Your computer is infected” or “Virus Alert” etc.

• When you open an USB thumb drive, unknown files such as Autorun.inf, New Folder.exe etc. appear.

• Cannot press Control + Alt + Delete (Task Manager) and you are warned that Administrator banned it.

• Folder Options disappears.

• Your computer keeps restarting when you try to shut it down.

• You cannot log in your Windows account with the right logon details.

5- What to do when infected:

• Make sure that your Antivirus software is the latest update. If necessary, download the update from another computer and update it manually.

• Disconnect from the Internet or Local Area Network (LAN).

• If Windows is not running, start it in Safe Mode (when turning on your computer, keep pressing F8 as soon as the computer starts running, then choose ‘Safe Mode’ from the Menu).

• Run a full Anti-Virus scan.

• If your computer is quite infected but you have important files or documents on it, do a full scan with your updated Antivirus software. If it finds viruses, delete all of them then open each ancillary disk (USB, Thumb drive etc.) and look for Autorun.inf files and remove them. Afterward, restart your computer.

• If you have any difficulties with finding a way to remove bad programs, refer to your Internet Security Software Supplier to look for an essential dedicated tool to remove them.

• If you find a bad program, follow the instructions of your Internet Security Software Supplier. Good Security software will provide with options such as disabling infected files, isolating possibly infected files, Worms and Trojans removal.

• If you do not have any important files on your computer disks, format the disk and then re-install your Windows and applications. This is quite an extreme and lengthy process and it’s recommended to back up your computer settings prior to commencing. When finished, do not open on any ancillary disks (USB, Thumb drives etc.) yet, install the Antivirus software, do a full scan, find Autorun.inf files and remove them. Restart your computer after that.

• If the Anti-Virus software does not find anything, your computer is possibly not infected. Check your hardware and software that is installed on your computer meets the hardware specifications of the Operating System. Delete unnecessary or unwanted programs to save resources and ensure you have updated your Windows OS via Windows Update.

Source by Lily Thi Tran

The post Computer Viruses and How to Deal With Them appeared first on Big Financial BLOG.

source http://blog.bigfinancial.co.uk/computer-viruses-and-how-to-deal-with-them/