What are the different methods to follow in financial evaluation: A complete guide

Have you wondered how to analyze finances properly? And how to make a well-informed decision about your finances? If yes, read on!

Businesses need to recognize the importance of accurate financial evaluation to optimize resource allocation and maximize profitability. The financial evaluation techniques enable businesses to find profitable projects and identify economic trends. Also, it assists in making sound financial decisions. Financial analysts examine various types of financial statements to study past statistical data and predict the future of the business.

Building a career in this industry is simple. Follow different ways to learn about advanced financial evaluation techniques and understand the requirement of financial analysis tools. This includes a Diploma In Finance Management or an Advanced Management Program In Financial Services.

Financial Analysis: A Complete Guide

The financial evaluation techniques assess economic trends to create financial objectives. They also help create long-term plans and find potential investment opportunities. This process involves combining financial data with trends.

The income and cash flow statements and balance sheets are some of the types of financial statements that a financial analyst will review. Understanding the importance of accurate financial evaluation helps one make better business decisions, wherein the accounts unit conducts a data study called corporate evaluation.

In investment finance, an analyst (not employed by the company) analyses financial data. They use macroeconomic factors and ratio analysis to determine future growth and profitability.

financial services course

Types of Financial Evaluation Techniques

Understanding different financial evaluation techniques will help to make decisions and identify growth potential. Some of them are:

Vertical Analysis.

The analyst examines income statements and divides them by revenue to identify percentages. The results must be comparable to same-sector businesses to measure growth and profits.

Horizontal Analysis.

The horizontal analysis compares data from various years to analyze business growth. This makes it easier for an analyst to see significant trends and test growth.

You need more than 8 years of data to do a useful trend analysis that can be compared to other businesses in the same sector.

Ratio Analysis.

It compares the components of a financial statement to identify upward or downward trends. It’s a simple way to get a sense of a company’s financial situation.

It also reveals more specific linkages between data. Such as between profit and revenue, as well as liability areas like employee turnover.

Trend Analysis.

To predict market directions, analysts study past data from trading volume and price movement. It is based on the notion that past events will repeat themselves in the future.

This pattern assists firms in better preparing for upward trends and reversals. Trend analysis is essential to earn higher profits.

Cost Volume Sales Analysis.

Businesses can better understand the relationship between expenses, sales, and business profit. To help owners better plan and project profits, it evaluates business and variable costs.

This helps establish the relationship between company sales and variable costs.

You may consider enrolling in a financial services course. They can help you learn about financial analysis and build a career.

The Advanced Management Program in Financial Services is one such course. It is one of the top IIM Lucknow Certificate Courses. It gives you a good understanding of investment banking, market risk, fintech, as well as the requirement of financial analysis tools.

It is a 6-month intensive course. It offers a good curriculum. It is for professionals with two years of experience. It empowers them to restart their careers in financial services.

Why Enroll In Advanced Management Program In Financial Services by IIM Lucknow?

The benefits of enrolling in the Advanced Management Program in Financial Services, IIM Lucknow are:

Offers IIM Lucknow alumni status and completion certificates.

Has a six-day campus immersion.

Provides chances to take classes on campus and learn from top educators.

Equips professionals with knowledge of both traditional financial services and modern fintech.

Follows a case-study-based approach to focus on practical aspects. These will be among the key learnings from the course.

Conclusion.

The job profile of a financial analyst has increased by 30% over the past ten years. The finance sector operates on the basic concept of lesser supply and higher demand. Hence, they are in demand more than ever.

Professionals with higher knowledge of financial evaluation techniques may find jobs in top firms. Employers include HDFC, Oracle, HSBC, KPMG, TCS etc.

So opt for IIM Lucknow’s Advanced Management Program in Financial Services.

Restart your career right away!

Advancing Your Accounting Career with ACCA Exam

A significant aspect of financial stewardship, accounting professionals play a crucial role in any organisation. They enable businesses to focus on their development and growth. Notably, over 79,600 additional financial auditors and accountants will be required from 2019 to 2028, as per IRCC. Considering the increasing job opportunities, it is a good idea to explore a career in accounting or advance your career with ACCA certification. Read ahead to learn more about ACCA, its advantages and how pursuing an ACCA course can help get the globally recognised certification.  

What is ACCA?

The ACCA certification is one of the leading accountancy qualifications in the world. Acquiring this certification can help students or aspiring financial professionals gain the necessary knowledge, skills, and values to be successful in the domain of accounting. Also, existing accounting professionals can get on this journey of acquiring the ACCA certification so that they can get into leadership roles to strategically drive organisations into the future.

Aspirants can achieve the ACCA Qualification in a minimum of three years, if they:

  • Complete a maximum of 13 exams which depend on their previous qualifications
  • Complete an ethics and professional skills module
  • Have three years of work experience in a relevant role

If you don’t have the above-mentioned qualifications, then you can pursue Foundations in Accountancy qualifications first and then move on with the ACCA Qualification. 

Besides, anyone can pursue ACCA membership irrespective of his/her existing qualifications or work experience. If an aspirant has two A levels and three General Certificates of Secondary Education (GCSEs) in five separate subjects including English and mathematics or equivalent qualifications, then he/she can begin studying at the ACCA Qualification and become an ACCA member upon completion of this master’s level qualification.  

Becoming an ACCA member after the competition of the ACCA Qualification not only makes you a part of the network with more than 200,000 members, but also helps you develop the necessary skills to work in any sector across the world. 

Notably, ACCA members who are known to hold international accounting standards, enjoy the reputation of forward-thinking finance professionals. That is why, employers trust them the most.  

ACCA Certificate

Benefits of ACCA Certificate

While better job opportunities and improved earning potential are some of the major reasons to pursue the ACCA certification, let’s learn about other advantages that aspirants can get.

  • Preparing you for the corporate world, the course helps you acquire transferable skills like time and task management. Also, critical business information is imparted in order to meet the demands of the dynamic financial sector. From strategic corporate leadership to management accounting, accounting professionals learn different concepts that help them take up varied job roles.
  • Pursuing an ACCA course can help you shine in the crowd by instilling a strong business and accounting understanding. The ACCA certificate will let you prosper in the highly competitive job market.
  • The ACCA journey opens up networking possibilities with agencies worldwide. ACCA members get to meet people with similar interests. They also get opportunities to connect with businesses aligned with their competence and needs. Notably, American Express Services Europe, Accenture, and Apex Group are amongst ACCA Approved Employers.
  • ACCA membership offers instant recognition to get employed by big players in different markets. It allows your resume to create a good first impression in employers’ eyes.

Conclusion

By and large, ACCA certification holds immense significance for ambitious accounting professionals. The qualification not only exposes you to varied job opportunities, but also prepares you for a long and prosperous career. If you have any queries related to a career in accounting, ACCA course or ACCA course fees, then reach out to Imarticus Learning.  

Why is CPA a Lucrative Career Choice: Eligibility, Opportunities and CPA Salary?

A certified public accountant (CPA) is an accounting practitioner who has completed the necessary education, examination and experience criteria for licensing by a state board of accounting. 

CPAs are in great demand among corporations and non-profit organisations because of their considerable expertise in tax legislation, auditing processes, management techniques and other critical facets of financial operations.

Learn more about CPA, what is the eligibility, about the career opportunities and salaries.

What is CPA?

The acronym for ‘Certified Public Accountant’ is CPA. Having this accreditation enables accountants to operate in the public accounting sector. To promote yourself as a CPA, you must hold a licence in your state.

You must pass an exam proving you have the technical proficiency required to offer services in financial accounting, financial reporting, auditing, attestation, business settings, and business principles in order to become a Certified Public Accountant (CPA).

Eligibility to Become a CPA and Other Requirements

CPA is a state-issued licence that permits you to operate as an advanced accountant. To get a CPA licence, you must have a bachelor’s degree in accounting, you must pass all four sections of the CPA examination. Once you’ve passed them and completed the required work experience (at least 2 years working in public accounting), you may apply for a CPA licence through your state board of accountancy.

In most states, you will be required:

  • To meet educational prerequisites.
  • To pass the Uniform CPA examination.
  • To satisfy the experience criteria. 
  • To complete the CPA ethics test.

Many states have enacted variations of the Uniform Accountancy Act (UAA). This has contributed to increased uniformity in licensure across states, allowing you to remain mobile while working in this industry. To guarantee that your licence is approved, make sure you understand the rules in your state as well as any states where you want to operate.

Furthermore, as a certified public accountant, you are expected to complete continuing professional education (CPE) every two years. There are two major categories of CPE:

  • Programs include formal courses.
  • Self-study involves reading journal articles or taking an online course.

It’s crucial to remember that states have varied CPE standards and deadlines.

us cpa course

Career in CPA 

After possessing diverse business and technical skills, near about 70 per cent of CPAs work in private companies, with CPAs serving in many different types and sizes of firms, such as:

  • Large, international accounting and tax firms, which provide various services, including tax advice, financial consulting, and auditing.
  • Big Four accounting firms (Deloitte, PricewaterhouseCoopers (PwC), Ernst & Young (EY), and KPMG, which offer audit, taxation, management consulting, assurance services, actuarial, corporate finance and legal services to companies.
  • Medium-sized firms for similar services as large firms, but typically on a smaller scale and smaller firms, for small business which needs tax advice or an audit.
  • Business and industry accountants

Apart from that, CPAs can also work with:

  • Non-profit organisations
  • Federal, state and local government departments
  • Research and teaching department

CPA Salary Outlook

The Bureau of Labour Statistics (BLS) predicts that the employment opportunities for accountants and auditors will rise by 7% between 2020 and 2030, matching the average for all occupations.

Glassdoor reports that the average yearly income (base pay + additional commissions and benefits) for CPAs depending on years of experience is as follows:

  • Experience of 0 to 1 year: $87,498
  • Experience of 1 to 3 years: $93,477
  • Experience of 4 to 6 years: $97,276
  • Experience of 7 to 9 years: $101,451
  • Experience of 10 to 14 years: $111,303
  • Experience of more than 15 years: $129,890

Here is an idea of the annual salaries of other jobs that CPAs can do: 

  • Public accountant: $104,767 
  • Governmental accountant: $102,999 
  • Personal financial planner: $101,636
  • Management accountant: $100,305
  • Internal auditor: $97,556
  • Forensic accountant: $91,231
  • Tax advisor: $76,829 

US CPA Program in India

In India, there’s a big market for US CPAs. Indian certified public accountants are very skilled individuals with extensive knowledge in fields like worldwide financial accounting and corporate governance.

CPAs are therefore in demand for a variety of positions in the financial services sector. Employers in India are actively seeking out CPAs due to the growing need for their knowledge.

Why is the US CPA Considered a Valuable Career Option in India?

In India, the US CPA qualification is quite promising as a lucrative professional direction. Owing to their distinguished reputation, global companies doing business in the nation place great value on certified public accountants.

Professionals with a CPA degree may perform exceptionally well in projects both domestically and abroad due to their extensive accounting knowledge and proficiency with International Accounting Standards.

CPAs are therefore in demand for a variety of positions in the financial services sector. Employers actively recruit and value CPAs in India, demonstrating a rise in demand for their services.

In Big4s, the annual CPA salary in India varies from INR 12,50,000 to INR 20,50,000.

Final Words

Now, you can become a CPA with AICPA (The Association of Certified Professional Accountants) at Imarticus. The AICPA, the accounting powerhouse in the United States, has established a gold standard by representing over 400,000 members globally. It propels developments in ethics, auditing and accounting, thanks to a long history of excellence. By taking the lead on innovative projects, AICPA is influencing the profession’s future and building confidence in the financial system.

Enrol in the CPA certification program with Imarticus and reinforce your CPA journey. This course perfectly complements your prior education while expediting your accomplishment. Join to accomplish your CPA goals in 12 to 18 months and land elite jobs in India’s booming employment market.

CFA Certifications: Advantages & Disadvantages

Chartered Financial Analyst (CFA) is an impressive professional title to hold that is not just respected in the world of finance and investment, but CFA certifications can open doors to some high-paying jobs as well. However, the road to your dream job will be filled with challenges and you will be required to prove your mettle in the cut-throat world of finance. 

If you are also dreaming of becoming a Chartered Financial Analyst, then this article will help you understand how CFA certifications can prove to be beneficial in your professional journey and what the limitations or disadvantages they can have for you. 

CFA Certifications – Overview

CFA certifications offer a tailor-made, in-depth, and comprehensive syllabus that is designed for future financial specialists and prepares them for the unpredictable world of investment and advisory services. A CFA professional holds expertise in key financial areas that include portfolio management, investment consulting, financial research, and risk management. To qualify for CFA status, candidates need to have a bachelor’s degree and also 4,000 hours of professional experience. The candidates also need to pass 3 exams to test their financial and investing knowledge. 

CFA Certifications- Advantages and Disadvantages

It is true, that CFA can give you a leg up when it comes to job as well as salary prospects but there are still some factors to consider. Before you start thinking about how to become a CFA, you need to analyze the pros as well as cons carefully. Below, is a list of advantages as well as disadvantages of CFA certification.

Better Job Prospects and Salaries

CFA certification is an impressive educational as well as professional addition to your resume, which means it opens up doors to better job prospects in the finance industry. Everyone in the finance sector understands the time and dedication required to achieve a CFA level which means hiring managers know that you are capable and have the analytical skills to handle high-ranking jobs. Moreover, as a CFA chart holder, you are in a position to negotiate a higher salary for yourself. 

Time- Efficient and Cost- Effective than an MBA

It might come as a surprise, but pursuing a CFA may be much more economical than some Master of Business Administration (MBA) programs. A CFA program can provide you with the full spectrum of investment-related education, which can prove to be beneficial in your journey toward a successful career. CFA programs can also prove to be quite time efficient as well, because they are self-study programs, allowing you to hold a job even when you are pursuing the certification course. This is something that is not possible with a lot of MBA programs as they may require you to leave your job and commit on a full-time basis.

Better Global Recognition

CFA qualification and certification are recognized in many countries. This means you get increased job mobility if you want an international financial career, opening doors to jobs worldwide that require a CFA charter. 

Networking Opportunities 

When you qualify for a CFA charter, you also become a member of the CFA institute, which means you build your network with professionals who hold several investment-related jobs. Moreover, this is a global programme, and CFA’s also got a chance to build a truly international network as well. 

CFA Certifications- Disadvantages

Requires Significant Time

If you are planning to become a chartered financial analyst, understand that you will be required to commit a significant amount of time. You will need to put in around 900 hours of self-study on 10 topics. Apart from that, to become a CFA charter, you must show 4,000 hours of qualified experience over three years. Therefore, before you pursue this programme ensure that you are ready for this type of long-term commitment. 

Credentials Won’t Guarantee a Successful Career

As with any certification or professional qualification, CFA is not a guarantee that you will be successful or that your job will be everything that you have dreamed of. Indeed, a CFA can help you build a successful career, but there is no guarantee that it will happen only based on a CFA certification and other factors also play an important role in propelling your career. 

The Bottom Line

Undoubtedly, CFA certifications can open more opportunities in the world of finance and can land you some amazing, high-paying jobs. However, you need to remember that your decision can affect your life significantly. Therefore, analyse the advantages as well as limitations carefully and then make your decision.

If you are set on making a career as a Chartered Financial Analyst, then Imarticus Learning can help you kick-start your journey through their well-curated CFA Program

Capitalizing on Growth: Exploring the Thriving Opportunities in India’s Capital Market

Have you ever dreamt of owning a piece of a thriving company or helping a business idea blossom? Look no further than the exciting world of the capital market in India!

Fasten your seatbelts because the Indian economy is taking off! Buckle up for a ride fueled by statistics –  by 2027, India is projected to become the world’s third-largest economy, surpassing economic powerhouses like Japan and Germany. This phenomenal growth isn’t a mere prophecy; it’s driven by global trends and India’s strategic investments in technology and energy. 

But the story doesn’t end there. By 2030, India’s stock market is expected to claim the third-largest position globally, further solidifying its position as a financial powerhouse. These impressive stats paint a clear picture: India’s capital market is on the cusp of a golden age, brimming with exciting opportunities for both businesses and investors.

In this post, we’ll delve into the heart of this dynamic marketplace, where businesses seeking growth and investors hungry for returns converge. 

Why invest in the Indian stock market?

Imagine a bustling marketplace where businesses with ambitious plans can meet individuals with the resources to fuel those plans. That’s what the stock market investment in India does. It acts as a matchmaker, connecting companies that need capital for expansion, innovation, or simply day-to-day operations with investors looking for lucrative investment opportunities.

Think of it this way: You have a brilliant idea for a new fitness app but lack the funds to develop it. The capital market in India can help bridge that gap. You can raise capital by distributing shares in your company (going public through an IPO) or selling bonds. Investors can use this platform to buy those shares or bonds, potentially earning a return on their investment as your company grows.

Capital Market vs. Money Market: Understanding the Key Differences

Now, isn’t there something called the money market? Yes, there is! However, the two play distinct roles in the financial ecosystem. Here’s a quick breakdown:

  • The Money Market Deals with short-term instruments like commercial paper, treasury bills, & certificates of deposit. Think of it as a lending library for the short term, typically less than a year.
  • The Capital Market in India: Focuses on long-term investments. Here, companies raise funds through stocks, bonds, and other instruments with maturities exceeding a year. This allows businesses to invest in long-term projects that fuel growth and create a ripple effect throughout the economy.

 

The Structure of the Capital Market in India

The capital market in India boasts a robust structure with various key players ensuring smooth operations. Here are some of the essential components:

  • Primary Market: This is where new securities, like stocks and bonds, are issued for the first time. Companies raise fresh capital through Initial Public Offerings (IPOs) or follow-on offerings.
  • Secondary Market: This is where previously issued securities are traded between investors. Stock exchanges like the Bombay Stock Exchange (BSE) and the (NSE) National Stock Exchange are the primary platforms for these secondary market transactions.
  • Regulatory Bodies: The (SEBI) Securities and Exchange Board of India acts as the watchdog, ensuring fair play and protecting investors’ interests.
  • Financial Intermediaries: Banks, investment bankers, and brokers play a crucial role in facilitating transactions between companies and investors.

How to capitalize on India’s economic growth through the stock market? 

So, you’re curious about the mechanics of this fascinating market? Let’s break it down step-by-step:

  • A Company Needs Funds: Imagine a company called “FitTech Solutions,” the one with the revolutionary fitness app idea. They need capital to develop the app and launch their marketing campaign.
  • Entering the Primary Market: FitTech decides to go public through an IPO. They hire an investment banker to handle the process and ensure regulatory compliance.
  • The IPO Launch: The investment banker creates an attractive prospectus outlining FitTech’s business plan, growth potential, and how the raised capital will be used. This information is then disseminated to potential investors.
  • Investors Take the Stage: Here’s where YOU come in! You, as an investor, analyze FitTech’s prospects and decide whether to invest in their IPO. You can do this through a broker who will guide you through the purchase process.
  • Funds Flow and Growth Begins: If the IPO is successful, FitTech raises the desired capital. They can then use these funds to develop their app, hire talent, and launch their business.
  • The Secondary Market Takes Over: Once the IPO is complete, FitTech’s shares start trading on the secondary market (like the NSE). Existing investors can buy and sell these shares, and new investors can join the party!
  • A Win-Win Scenario: As FitTech grows and its app becomes a success, the value of its shares may increase. Investors who purchased shares early on during the IPO could potentially see a good return on their investment. This creates a win-win situation for both the company and the investors.

How can you leverage this dynamic platform to achieve your financial goals?

Here are some ways to get started:

  • Define Your Investment Goals:  Are you looking for long-term wealth creation or short-term gains? Knowing your goals will also help you select the right investment instruments within the capital market in India.
  • Do Your Research: Don’t just jump on the bandwagon! Before investing in any company, thoroughly research its financial statements, growth prospects, and industry trends. Numerous resources like company websites, financial news platforms, and research reports can guide you.
  • Start Small & Diversify:  Remember, the capital market in India can be volatile. Start with smaller investments and gradually diversify your portfolio across various sectors. This helps mitigate risk and ensures a more balanced approach.

The Final Words

India’s capital market is brimming with potential for both businesses and investors. As the Indian economy continues to rise, the demand for capital is expected to rise, creating exciting opportunities for companies to raise funds and for investors to contribute to the growth story.

Here’s a quick recap of the benefits of participating in the capital market in India:

  • Companies: Gain access to essential capital for expansion, innovation, and long-term projects.
  • Investors: Enjoy the potential for high returns on investment and contribute to the development of Indian businesses.
  • Economy: Facilitates efficient allocation of resources, fostering economic growth and job creation.

Elevate Your Career with Imarticus Learning’s Advanced Management Programme in Financial Services

Our Advanced Management Programme in Financial Services and Capital Markets, offered by Imarticus Learning, provides a comprehensive understanding of digital banking, capital markets, risk management, and fintech domains. 

Covering key areas, including corporate finance, valuation, fundraising, treasury operations, and financial analytics, this course is designed to reignite the careers of high-performing middle management professionals and facilitate their transition into senior management roles.

Upon completion, you will gain IIM Lucknow alumni status and enjoy additional benefits when you join other programs. Join the ranks of esteemed IIM Lucknow alumni and access the campus with our top-tier program.

The forward-looking curriculum encompasses foundational elements of financial services and capital markets, including financial planning, investment banking, risk management, and corporate banking.

Ready to take the next step in your career? 

Contact us today to learn more about our Advanced Management Programme and start your journey toward senior management roles!

Beyond the Numbers: Exploring the True Cost and Benefits of Pursuing a CPA Certification

In the world of career choices, one designation shines like a beacon, promising not just financial prowess but also intellectual fulfillment and professional prestige. 

A Certified Public Accountant (CPA) is a special title given to qualified accountants. It’s also being called a chartered accountant. In the United States, becoming a CPA means you’re licensed to offer accounting services to everyone. Each of the 50 states awards this license for practicing in that specific state.

Embark with us on a journey beyond the mundane, where we delve deep into the untold tales of those who have dared to pursue the illustrious CPA certification. Beyond the surface allure of increased earning potential and career advancement lies a tapestry of experiences, challenges, and triumphs waiting to be unfurled.

So, buckle up and prepare to be enchanted by the world of CPA certification cost analysis—where numbers transcend mere calculations and become the language of success, the currency of excellence, and the key to unlocking a future of limitless possibilities.

Why Pursue a CPA Certification?

Imagine a world where every balance sheet tells a story, where every audit is an adventure, and every tax code is a puzzle waiting to be solved. This is the world of a CPA.

But let us not be deceived by the glamour alone, for the path to becoming a CPA is no stroll in the park. It demands dedication, perseverance, and a relentless pursuit of knowledge. 

Yet, as we shall soon discover, the rewards far outweigh the toil, for the journey itself is a testament to one’s passion for excellence and commitment to mastery. As the accounting landscape evolves, staying abreast of job market trends is crucial for Certified Public Accountants (CPAs) seeking to navigate their careers effectively.

 Here are some job market trends for CPAs:

  • Demand for Specialized Skills: Employers increasingly seek CPAs with specialized expertise beyond traditional accounting functions. Specializations such as forensic accounting, sustainability reporting, and data analytics are becoming highly sought-after in various industries.
  • Technological Advancements: The integration of technology, particularly automation and artificial intelligence, is reshaping the accounting profession. CPAs proficient in data analysis, software implementation, and cybersecurity are in high demand to navigate these technological shifts.
  • Remote Work Opportunities: The COVID-19 pandemic has accelerated the adoption of remote work arrangements across industries, including accounting. CPAs with the ability to work effectively in virtual environments and leverage digital tools are well-positioned to capitalize on remote job opportunities.

Unveiling the CPA Price Tag: What’s the Total Cost in India?

Anything worth having comes with some investment. The CPA journey in India is no different. CPA course fees can vary depending on various factors, such as the review course provider, study materials included, and any additional resources or support offered. On average, CPA review course fees typically range from a few hundred to a few thousand dollars. 

There are a few key financial hurdles to consider:

  • Enrollment Fees:  Enrollment fees vary slightly depending on your stage (student, graduate, etc.), but they’re typically quite reasonable.
  • Course Fees:  Here’s where a chunk of your investment lies. A comprehensive course curriculum equips you with the knowledge and skills to conquer the CPA exam. These course fees can vary depending on the provider you choose, but you can expect them to be a significant cost factor.
  • Exam Fees:  The CPA exam itself isn’t free (shocker, right?). There are separate fees for each stage of the exam, so factor those into your budget.
  • Study Materials:  Think textbooks, online resources, and practice exams – all essential tools to ace the CPA. While some of these materials might be included in your chosen course, budgeting for additional resources is always wise.

us cpa course

Eligibility Check: Are You Ready to Become a CPA in India?

Before you start counting down the days to exam day, ensure you meet the eligibility criteria. Here’s a quick rundown:

  • Educational Qualifications:   Hold a bachelor’s degree in commerce, accounting, or a related field. Some other degrees also qualify.
  • Registration:  Registration allows you to access study materials and prepare for the exams.
  • Work Experience:  While not mandatory for the initial registration, some practical experience under a qualified Chartered Accountancy can be incredibly valuable for both the exam and your future career.

Cracking the Code: What’s the Cost of CPA Training in India?

This one depends on your learning style and chosen path. Here are the main options:

  • Self-Study:  The most budget-friendly approach, but it requires serious discipline and time management skills. You’ll need to source study materials on your own and create a rigorous study plan.
  • Coaching Classes:  Many institutes offer in-person or online coaching classes. They provide structured learning, expert guidance, and practice opportunities, but at a cost.
  • Online Learning Platforms:  These platforms offer a flexible and often cost-effective way to learn. Many options are available, so it’s crucial to select a reputable platform with a strong track record.

The Big Payoff: What Salary Can You Expect with a CPA Certification in India?

Now for the good part! Obtaining your CPA certification in India can significantly boost your earning potential. According to industry reports, CPAs typically command higher salaries compared to their non-certified counterparts. The exact figures can vary based on your experience, location, and specific job role. However, the CPA designation undoubtedly opens doors to better-paying opportunities in various accounting fields, such as:

The Final Words

The journey towards obtaining a CPA certification in India is a multi-faceted odyssey filled with challenges, triumphs, and invaluable experiences. Beyond the allure of financial gain and career advancement, pursuing this prestigious designation is a testament to one’s dedication to excellence and a commitment to mastering the intricacies of the accounting profession.

Key Takeaways

  • The total cost of becoming a CPA in India can vary depending on your chosen study path, course fees, and additional resources.
  • Eligibility for the CPA program involves educational qualifications, registration, and potentially some work experience.
  • Training options for CPA aspirants include self-study, coaching classes, and online learning platforms.
  • Earning potential for CPAs in India is generally higher compared to non-certified accountants and opens doors to diverse career opportunities.

Elevate Your Accounting Career: Achieve CPA Excellence with Imarticus Learning

Become A CPA With AICPA At Imarticus: Where Knowledge Meets Prestige. Imarticus Learning presents an unparalleled opportunity to pursue CPA certification in collaboration with the Association of Certified Professional Accountants (AICPA), the powerhouse of accounting in the United States. 

With over 400,000 members worldwide, AICPA sets the gold standard for excellence in accounting, audit, and ethics, driving advancements and fostering trust in financial markets. The CPA curriculum consists of four exams, with three being mandatory and the fourth allowing you to choose your own path.

Are you ready to embark on your journey to CPA excellence? 

Contact us today to take the first step toward advancing your accounting career.

From Aspiring Analyst to C-Suite: How a CFA Course Can Shape Your Financial Future

In the ever-evolving landscape of finance, the journey from an aspiring analyst to the upper echelons of the C-Suite is both challenging and rewarding. It requires a blend of specialized knowledge, strategic thinking, and a relentless pursuit of excellence. Among the many pathways available to ambitious professionals, the Chartered Financial Analyst (CFA) designation stands out as a beacon of excellence and a testament to one’s dedication to mastering the complexities of the financial world.

The CFA course is a special certification for people who work in finance. It’s given out by the CFA Institute, which used to be called the Association for Investment Management and Research. This program covers a lot of topics about analyzing investments. You learn about things like stocks, bonds, and other financial stuff. It also teaches you about economics, how to manage money for companies, and other important finance topics.

In this blog post, we’ll delve into the key benefits of the CFA course, from its rigorous curriculum to its esteemed reputation within the industry, whether you’re considering enrolling in the Financial Management Certification or simply curious about its potential to shape your financial future. 

Join us as we explore the transformative power of the CFA designation and the doors it can open for aspiring analysts seeking to reach the pinnacle of success in the finance industry.

Why Should You Pursue CFA?

Embarking on the path to becoming a CFA charter holder is not merely a career choice; it’s a transformative journey that can shape the trajectory of your financial future. Think of the Executive Leadership program as a financial passport that opens doors to some of the most coveted careers in the industry. Here’s why it stands out:

  • Global Recognition: The CFA designation is a globally recognized symbol of expertise and ethics in investment analysis. It holds weight not just in India but across international markets, making you a valuable asset in a world increasingly connected by finance.
  • Lifelong Learning: The CFA program equips you with a robust skillset that covers a wide range of financial concepts, from asset valuation to portfolio management and risk analysis. This knowledge base continues to evolve as the financial landscape changes, ensuring you stay relevant throughout your career.
  • Earning Potential: Let’s face it: financial rewards are a significant motivator. Studies have shown that CFA charterholders generally command higher salaries compared to their non-CFA counterparts.

How to Become a CFA?

So, you’re convinced the CFA program is the path for you? 

Here’s a breakdown of the journey to becoming a CFA charter holder:

  • Eligibility:

The good news is you don’t need a background in finance to start. The basic eligibility criteria include:

  • A bachelor’s degree in any discipline
  • Four years of relevant work experience in the investment decision-making process (can be fulfilled before, during, or after your CFA exams)
  • The CFA Exam:

The top finance certifications is a three-level exam sequence progressively testing your knowledge and skills:

  • Level I: This exam focuses on the investment analysis foundation, covering areas like ethics, quantitative methods, economics, and financial reporting.
  • Level II: Here, you delve deeper into asset valuation, focusing on equity investments, fixed income, derivatives, and portfolio management.
  • Level III: This final level integrates everything you’ve learned, testing your ability to apply your knowledge in a real-world context, including making investment recommendations and analyzing complex financial situations.
  • Additional Requirements:

Passing the exams is just one part of the equation. You’ll also need to:

  • Complete the CFA Institute’s Candidate Membership Program.
  • Meet the required work experience (minimum 4,000 hours).
  • Submit reference letters from CFA charterholders.

Scope of CFA in India

The Indian financial sector is expanding, and the demand for qualified professionals with the CFA designation is on the rise. 

Here’s why a CFA charter can be particularly valuable in the Indian context:

  • Growing Investment Landscape: India’s investment landscape is witnessing a surge in mutual funds, private equity, and alternative investments. CFA charter holders are well-positioned to thrive in this dynamic environment.
  • Increased Scrutiny and Regulation: With increased market scrutiny and regulations, the emphasis on ethical and professional conduct is paramount. The CFA code of ethics equips you to navigate these complexities with integrity.
  • Global Exposure: Indian financial institutions are increasingly looking to expand their reach internationally. A CFA designation gives you a competitive edge in a globalized market.

 Salary of CFA in India

Typically, a new CFA can expect to earn between INR 5 to 8 lakhs per year. As you gain experience in managing wealth and portfolios, you might even become a Hedge Fund Manager, earning around INR 15 lakhs per year.

Being a CFA comes with many perks. Besides working in India, you can also find job opportunities in countries like the US, UK, Singapore, Hong Kong, and UAE. You could work for Indian companies like Motilal Oswal and ICICI Securities or international giants like Goldman Sachs, Morgan Stanley, and the Big 4 accounting firms (KPMG, Deloitte, EY, and PwC).

While Earning potential with CFA certification can also vary depending on experience, location, and specific role, here’s a general idea of what you might expect:

  • Entry-level positions: ₹5 lakhs to ₹8 lakhs per annum
  • Mid-level positions: ₹10 lakhs to ₹20 lakhs per annum
  • Senior-level positions: ₹25 lakhs and above per annum

Remember, a CFA charter is not just a ticket to a high-paying job; it’s an investment in your long-term financial career.

The Final Word: Your Investment in Your Future

The CFA course is a demanding yet rewarding journey. It requires dedication, discipline, and a genuine passion for finance. But the rewards are substantial. Not only will you gain a coveted designation, but you’ll also equip yourself with a skill set that will propel you toward a successful and impactful career in the ever-evolving world of finance.

So, are you ready to embark on your journey to become a CFA charter holder? Take the first step today – explore the CFA Institute website, research the program details, and start laying the foundation for your bright financial future!

Key Takeaways:

  • The CFA program equips you with a comprehensive skillset for a successful career in finance.
  • The CFA designation is totally recognized and respected, making you a valuable asset in the financial market.
  • The program focuses not just on knowledge but also on ethical conduct, preparing you to navigate the complexities of the financial world.

Imarticus Learning’s CFA Program for Financial Success

A Chartered Financial Analyst is a really important certification in finance that shows you know a lot about finance and investments. This qualification is known all over the world and can help you find different jobs in finance after you finish the program.

You’ll learn about economics, how to analyze investments, accounting, and ethics. The CFA course has a good structure and can really help your career. It’s one of the top qualifications for managing investments and will give you the skills you need to do well in a competitive industry. Imarticus Learning is one of the best places in India to study for the CFA with the approval of the CFA Institute.

Contact us now to start your journey towards becoming a Chartered Financial Analyst!

Securing and Defending Digital Infrastructure: Essentials Concepts of Cybersecurity

Today’s industry is digital-reliant. Any organisation creates a network of physical and software-based components to store, consume and share digital products, services and information from one point to the desired one. Some of the common digital assets used frequently are hardware like data centres, personal computers, digital communication suits etc.

It needs to be understood that with the advancement of data-sharing technology, cyber threats have become an automatic by-product. So, it is essential to protect our digital infrastructure in such a way that the stored or shared data can never be breached or accessed by any third party for whatsoever intent. Organisations are now looking forward to training their key manpower with a suitable cybersecurity course containing the most modern remedies for cyber-attacks. 

Digital Infrastructure and Cyber Security

Digital infrastructure and cyber security are connected like two sides of the same coin. Digital infrastructure comprises the software and the hardware ecosystems that transfer data and establish intra-system and inter-system communication. Any digital transaction owes the risk of cyber threats like hacks, viruses, malware, spurious software etc. and needs to be protected. That is where the role of cyber security comes to play.  

A collective body of processes, practices and technology that aims to protect the programs, networks, servers, devices and data of an organisation from unauthorised access, damage, attack or theft is known as cybersecurity. 

Basic Terminology of Cybersecurity

Beginners to the subject must understand the following terms for a holistic grip on the subject. The most commonly used terms are as follows:

Internet Protocol (IP) address 

An IP address is a unique hardware identification number. Different computers and other devices either over the intranet or the internet, may communicate within the usage of these numbers.

Virtual Private Network (VPN) 

VPN is an additional security service over secured WiFi. The purpose is to provide an additional layer of protection to an IP address by making their online activities virtually untraceable by cyber criminals and other snoopers who tend to outwit users by luring them to click on malicious links. Thus, VPN prevents both loss of money and data.

Firewall 

This is the first guard in data screening both for incoming and outgoing network traffic. In other words, a Firewall acts as a wall between the primary or basic internet and an organisation’s private internal internet. A firewall obstructs any seemingly harmful element and obstructs an internal user from sending sensitive information to the outside world.

World Wide Web (WWW) 

It is the elaborate order menu or exhaustive catalogue of all web addresses available across the world internet.

Uniform Resource Locator (URL) 

A unique identifier applied to locate the desired resources on the internet is known as a URL. It is also named a web address.

Domain Name Server (DNS) 

Domain Name Server acts as a virtual phone book of the internet. Its job is to convert the web address or URL of a resource to its numeric IP address.

Encryption and Decryption 

When plain text is converted into code format using a ciphertext algorithm, the process is known as encryption. Decryption is the process of reverse engineering i.e. converting codes into readable texts.

Encryption Key 

This key is a tool that decrypts encrypted data. These keys are unique for specific encryption codes.   

Authentication 

This is a standard procedure of digitally identifying or recognising a person and ensuring that he or she has access to the concerned files or data. Generally, password, finger scan or retina scan are the tools, used either in standalone mode or in combination.

Botnet 

This word is derived from robot and network and refers to a series of devices or computers which have been already hacked and working as per the hacker’s command.       

Rootkit 

It is a collection of software aimed to control and operate a user’s computer. Though this tool aims to provide remote technical support to its users, hackers may also use this tool with evil intentions.

Types of Cybersecurity

Depending on the various applications adapted by the organisation to fulfil different goals, the types of cybersecurity also differ. They are as follows:

Endpoint security 

Remote data storage may be vulnerable since they may be accessed by criminals as well. Endpoint security measures protect remote data stored by VPNs, Firewalls and other modern tools.

Identity management

With this tool, data is made available to the authorised user/s only, thus minimising the risk of leakage or fraud.

Application security 

Cell phone apps have become a common usage platform for many consumers. Thus, Apple and Google fortify Apple Store and Google Play respectively with apt cybersecurity methods. Most of the apps available in these two platforms are end-to-end encrypted for the user data.  

Data security 

Encryption, access controls, data classifications and data loss prevention methods are some of the usual techniques deployed to make data secure.

Cloud Security 

Nowadays many organisations prefer to store their data in clouds or remote third-party servers or cloud providers like One Drive and Google Clouds. This necessitates using secure cloud protection systems.  

Data infrastructure security 

Physical infrastructure housing the database also needs to be protected from attack or theft.

Mobile security 

In today’s world, many activities may be performed by a few clicks on the mobile phone. Banking transactions or UPI payments are widely used. These transactions are protected by using suitable security systems. Furthermore, a data backup system helps to retrieve data in case of damage, theft or device malfunction.

Disaster recovery services 

This is another data security response system or data assurance when the infrastructure gets damaged by natural calamities like fire, flood, tornado or hurricane. 

IoT security 

With plenty of devices connected to a server or a specific network, it is important to secure the transmission of data every time. Sometimes connected devices are left with factory-set passwords, which are easy guess and to crack. This security adapts prevention techniques from these lapses keeping the network secure.

Intrusion detection system 

A fortified security system must contain this tool built to alert the key cyber security personnel of the organisation (through a mail or text message) when the system is breached. The purpose is to stop further damage and work towards resolution.   

Four Pillars of Cyber Security

The National Institute of Standards and Technology (NIST) has provided voluminous guidelines and protocols for digital data protection. Accordingly, the four pillars of cyber security are as follows:

Prevention 

Going by the proverb that prevention is better than cure, the implementation of intrusion detection systems, firewalls and access controls prevents unauthorised usage.

Detection 

This is the process of locating loopholes in the network/system by utilisation of advanced security tools and technologies.

Response 

This is the process of developing incident-based tailor-made response plans and procedures to address security lapses.

Recovery 

This is the concluding and the most important functional pillar. The system must be restored to its original functionality and integrity.   

CIA Triad in Cybersecurity

For any organisation, it is important to follow these three principles in a cybersecurity system:

Confidentiality 

This principle ensures that only intended or authorised users have viewing access to information or data.

Integrity 

This principle ensures that only authorised users or systems can add, delete or change data in the system.

Availability 

In addition to the above-mentioned principles, the principle of availability ensures that the data may be made available to individuals or teams on demand based on the service benchmark or an agreement to this effect.

Cyber Threats

Cyber-attacks are carried out for some pre-determined and specific purposes:

  • To ask for a hefty sum of money instead of restoring the IT infrastructure to its original mode.
  • To spy on network systems and steal data, either for personal benefit or to stay ahead of rivals.
  • To fructify a financial fraud attempt.
  • To jeopardise the political or socio-economic stature of a nation.
  • To neutralise enemy defence systems when two or multiple nations are at war.

Before moving on to measures taken to prevent the digital infrastructure, let us identify the nature of cyber threats. They are as follows – 

Malware 

It is malicious software created with the intent to harm a personal computer, system or server. Ransomware, trojan, spyware, rootkits etc. are some of the most common types of malware.

Code Injection attacks 

The purpose of injecting malicious code into a personal computer is to the course of its action to achieve some desired unscrupulous results. One of the most common types of code injection is SQL injection.

Denial-of-Service attack 

In a D-o-S attack, attack networks are filled with false requests. In such cases, mail, websites, online accounts etc. become compromised. However, it may be resolved without paying a ransom. DoS attacks distract company resources and result in time wastage.

DNS tunnelling 

This type of attack transmits code and data within the domain name system queries and response network, thereby gaining complete command and control services. Malware is injected into the network with the intent of extracting IP, sensitive data and other information. DNS tunnelling is a simple mode of hacking.

IoT-based attacks 

An attack that compromises Internet of Things (IoT) devices and networks and enables hackers to steal data and/or to join a network of infected devices to launch a DoS attack.

Phishing 

This attack technique uses emails, phone calls, text messages and social engineering techniques. The ultimate purpose is to obtain sensitive information like account numbers, one-time passwords etc. to hack the victim’s bank account and syphon money away. Many times, hackers engage victims in using malicious URLs for this purpose.  

Supply Chain attacks 

This attack infects the software and hardware systems of a trusted vendor by the process of injecting malicious code into the system to compromise both the hardware and software components. Software supply chains are vulnerable since the programming codes are based on mostly open systems and not original.   

Spoofing 

This is an old method of stealing sensitive data or even jeopardising the entire network systems of an organisation upon posing as a trusted partner to the same. This is done for three purposes – 

  • To gather competitor information.
  • To extort money. 
  • To destroy servers and data by installing malware. Insider threats 

This is an attack generated by a present disgruntled employee or an ex-employee of the organisation. It may be noted that insider threat also occurs accidentally, when employees do such things over their computer systems, that they are not supposed to. In the second case, regular training on cyber security can help the organisation educate their employees at large.  

Identity-based attacks 

By and large, this is the most common form of cyber-attack on individuals. In this form, the hacker compromises the credentials of an authentic user and has access to his or her account. It is very difficult to recognise this hack or differentiate between the behavioural patterns of the hacker and the original user since the hacker uses traditional forms of security procedures while using the account. 

Some of the common forms of identity-based attacks are as follows – MITM (man in the middle) attacks, pass the hack attacks, golden ticket attacks, silver ticket attacks, credential stuffing attacks, password spraying attacks, brute force attacks and downgrade attacks.

Standard Safety Designs for Digital Infrastructure

Besides the above-mentioned technologies used to prevent cyber-attacks, there are certain standard procedures to be followed by the organisation. They are as follows –

Implementation of a zero-trust model 

In this model, all users, devices and applications within the network are considered untrustworthy. This process is achieved by the implementation of access control, identity and access management (IAM), multi-factor authentication (MFA) and the introduction of an infusion detection system and firewalls. The sole purpose is to monitor and control incoming and outgoing network traffic. 

Usage of data encryption 

Almost all organisations use encryption techniques both for data storage & transmission procedures. This not only strengthens network security but also boosts confidentiality. Security design uses SSL/ TLS encryption for all web traffic and full-disk encryption for all connected laptops, desktops and mobile devices.     

Network segmentation 

The process of network subdivision helps in lateral movement across the network by separating critical systems and data from the rest of the network. This is implemented by use of smaller subnets like VLANs.  

Strong Password Policies 

The use of strong complex alpha-numeric passwords with special characters bolsters net security.  

Dual layer of safety 

Additional reinforcement of MFA (multi-factor authentication) acts as a second line of defence.

Updating software 

Updating system software is as important as it is obvious. Updated software provides additional and relevant security patches to tackle the latest threats. In most devices, auto update mode is followed to avoid any negligence in failing to do so.

Educating team on cybersecurity 

Nowadays cybersecurity is not a subject of the ISD (information systems department) professionals alone. Each staff needs to be educated with the know-how to tackle phishing and insider attacks.  

Regular audits

It is no secret that regular audits, both by internal and external teams, are required to monitor all networking devices, servers and systems. Early detection of breaches may lead to the prevention of greater system damages. Audits help maintain safe business continuity and safeguard unauthorised access to the system and network security.

Ways to secure digital infrastructure in a hybrid system

COVID has changed the concept of cybersecurity forever. The situation has resulted in more workforce to operate from home where the network system is relatively less protected. Additionally, organisations use cloud-based systems for their regular tasks, besides their standard organisation network. This hybrid working environment has posed enormous challenges to the IT security team and has encouraged them to adopt newer models and practices that are aligned with modern business requirements. 

The four most commonly used latest security models are as follows –

  • SaaS-enabled security
  • Extended detection and response (XDR)
  • Security access service edge (SASE)
  • Container security system 

Specialised Subjects in Cybersecurity

Based on the nature of operations, there are several specialisations in cyber security. Due to its vastness, it is next to impossible for an individual to master all the specialisations. The categories are as follows –

  • Access control system and methodology
  • Telecommunication and network security
  • Security management practices
  • Security architecture and models
  • Law, investigation and ethics
  • Application and system development security
  • Cryptography
  • Computer operations security
  • Physical security  

Job Roles for Cybersecurity Professionals

The demand for IT Security professionals is growing day by day. Some of the roles offered by reputed organisations (concerned with cyber security) are as follows –

Chief Information Security Officer 

Entrusted with the IT security of an organisation.

Forensic Computer Analyst 

They look for evidence after a cyber-attack.

Information Security Analyst 

Protects computer and network system.

Penetration tester 

Highly skilled security professionals are engaged whose main job is to breach the secured system of the said organisation i.e. to identify loopholes in existing security practices.

IT Security Engineer 

The main role of these professionals is to monitor and keep the network and devices safe daily. They also address the day-to-day issues of users. 

Cybersecurity Certification

To become an expert cyber security personnel in their respective specialisation, one needs to clear either of the following certification courses –

CND or Certified Network Defender 

This course covers the identification of threats, protecting and responding to cyber threats. 

CompTIA Security+ Certification 

It is a globally trusted certification course imparting vendor-neutral security knowledge and skills.

CEH (Certified Ethical Hacker) 

This course delves into reverse engineering of systems for a better understanding of digital infrastructure breaches and their remedies.   

Conclusion

Cybersecurity is gaining importance with each passing day. The Advanced Certificate in Cybersecurity and Blockchain by E&ICT IIT Guwahati can you become a cybersecurity professional. The duration of this cybersecurity certification programme is 10 months. This online cybersecurity programme also entitles the students to a 3-day campus immersion and to have live sessions from IIT-G professors. 

Besides this, the course also takes care of the true academy-industry balance and invites industry experts for interactive sessions. They also get a taste of real-time industry challenges in cybersecurity. Students get trained in the latest blockchain technology. Students gain practical ethical hacking skills and earn the most coveted CEHv12 certification. 

This cybersecurity course is a must for aspiring professionals for the reasons mentioned below – 

  • To learn to identify potential risks.
  • To build cybersecurity proficiencies
  • To make the organisation cyber-resilient
  • To navigate real-world challenges
  • To be an apt cybersecurity solution provider

Visit the official website of Imarticus for more details.

SQL Injection Concepts: Tools, Methods, and Types of SQL Injection

Cyber threats are on the rise and SQL Injection is a troublesome hacking method that compromises the cybersecurity of digital assets. It’s a strategy that attackers use to introduce malicious code into data-driven applications. Once inside, this rogue code can become a major headache for developers and users. Hackers can access sensitive information and even destroy entire databases. It’s a serious threat that every developer and business owner should be aware of and take steps to prevent. 

A certified cybersecurity course helps students know about potential cyber threats like SQL injection attacks and build cybersecurity proficiencies. In this article, we will get to know what SQL injection is, how harmful it is, and its types. We will also find out about some effective SQL injection attack prevention tips in this article. 

What is SQL Injection? 

SQL injection, or SQLI for short, is a prevalent attack method that mischievously inserts harmful SQL code into backend databases. SQL Injection enables attackers to infiltrate databases and lay hands on sensitive data. With the successful infiltration of this code, hackers get access to database records, and can alter, update, add or wipe out data permanently.  

You might be wondering what its goal is. Well, its goal is to access information that wasn’t meant to be shared with others. This information could be anything from confidential company data to private customer details, putting businesses and users at risk. SQL codes are like digital trespassers who sneak into users’ databases and mess up important files without permission. 

A successful SQL injection attack can ruin websites or web apps reliant on relational databases like MySQL, Oracle, or SQL Server. Recent times have witnessed numerous security breaches stemming from such SQL injection attacks, which highlights the urgent need for robust defenses against this security threat.

The repercussions of an SQL injection on a business are extensive. A successful breach could lead to unauthorised access to user lists, the wholesale deletion of tables, and, in some instances, the attacker can even acquire administrative control over a database. These outcomes are disastrous for any business and pose significant threats to its operations and reputation.

How Does SQL Work on A Website?

A typical website comprises three key elements: the frontend, backend, and database. The frontend, where the website’s design is crafted, utilises technologies like HTML, CSS, and JavaScript.

In the backend, programming languages such as Python, PHP, or Perl are used to manage the server’s operations. The database resides on the server side and hosts systems like MySQL, Oracle, and MS SQL server, executing queries. Crucial data is stored here. Usually when users write a query, they initiate a “get” request to the website. Subsequently, the website responds by sending back HTML code.

A SQL query is like a request for something to happen in a database. It can also make changes outside the database. Each query has its own settings to make sure it only shows the right results. However, during a SQL injection, hackers incorporate malicious codes into a query’s input form. 

Before launching a SQL injection attack, hackers first study the targeted database thoroughly. They do this by sending different random values to the query and noticing how the server reacts. Once they understand how the database works, they create a query that tricks the server into thinking it’s a regular SQL command, and then the server runs it.

Examples of SQL Injection Attacks

Below, we have enlisted a few prevalent examples of SQL injection:

  • SQL query alteration: Cybercriminals can change a SQL query to uncover hidden data, revealing sensitive information that’s not supposed to be disclosed. 
  • Login bypass: Hackers inject SQL commands into a login form to bypass the authentication process and gain unauthorised access to programs or websites.
  • Undermining application logic: Hackers can also tamper with queries to disrupt the normal operation of the application.
  • Union attacks: These attacks help attackers to retrieve data from multiple database tables simultaneously.
  • Database analysis: Cybercriminals study the database to learn about its version and structure, extracting valuable insights.
  • Blind SQL injection: In this type of attack, no error messages are generated by the database, which makes it harder to detect the attack.
  • Distributed Denial of Service (DDoS) attacks: In this type of attack, an attacker inserts a SQL statement to trigger a denial of service (DoS) or DDoS attack, disrupting a system with overwhelming traffic.

Types of SQL Injections

SQL injections generally come in three categories: In-band SQLi (classic), Inferential SQLi (blind), and Out-of-band SQLi. These types have been classified based on how they access backend data and the extent of potential damage they can cause.

In-band SQLi

In-band SQL injection involves attackers utilising the same communication channel to serve two purposes, namely, to execute their attacks and to retrieve the outcomes. This method’s simplicity and effectiveness makes it one of the most prevalent types of SQL injection attacks.

There are two sub-variations within this method:

  • Error-based SQL injection: In this case, attackers provoke the database to generate error messages by performing certain actions. They can then use these error messages to learn about the database’s structure.
  • Union-based SQL injection: On the other hand, this attack exploits the UNION SQL operator. This operator combines results from different select statements in the database, providing a single HTTP response. Attackers can use this response to access valuable data.

Inferential SQL injection

Here, attackers send specific data to the server and then analyse how the server responds. By studying these responses and the server’s behavior, attackers gain insights into the database’s structure. This method is termed “blind” because the attacker doesn’t directly receive data from the website database, making it impossible to see information about the attack in the same channel of communication.

Blind SQL injections depend on analysing the server’s response and behavior, which can make them slower to execute compared to other methods. However, they can still be just as damaging. 

This type of attack can be subdivided into two types: 

  1. Boolean: One type of Blind SQL injection is Boolean, where attackers send SQL queries to the databases, triggering the applications to produce a result. Depending on whether the query is true or false, the HTTP response will change accordingly. By observing these changes, the attacker can determine whether the query yielded a true or false result.
  2. Time-based: In Time-based Blind SQL injection, the attackers send SQL queries to the databases, causing it to delay its response for a set amount of time. By observing the duration of this delay, the attacker can infer whether the query is true or false. Depending on the outcome, the HTTP response will either be immediate or delayed. This allows the attacker to determine the truthfulness of the query without directly accessing data from the database.

Out-of-band SQL injection

This is another method of attack that relies on specific features being activated on the database server utilised by the web application. It serves as an alternative to in-band and inferential SQL injection techniques.

It is usually employed when the attacker cannot utilise the same communication channel to execute the attack and obtain information, or when the server’s performance is too slow for these tasks. Out-of-band SQL injection relies on the server generating DNS or HTTP requests for transmitting data to the attackers.

Harmful Effects of SQL Injection Attacks on Your Business

SQL injection attacks pose significant threats to businesses or organisations, with potential negative outcomes including:

  • Unauthorised or administrative access to sensitive information and resources by cybercriminals.
  • Risk of data breaches due to unauthorised entry into resources.
  • Manipulation of data or deletion of entire database tables by malicious actors.
  • Breach of databases facilitating intrusion into entire networks or systems.
  • Erosion of customer trust, potentially leading to reduced revenue.
  • Substantial time and resources required for recovery and implementation of enhanced security measures.

Although the immediate impact of a successful SQL injection attack may be challenging to determine, the long-term repercussions, such as damage to reputation, legal expenses, and missed business opportunities, can be prominent.

How to Prevent SQL Attacks? 

Many modern websites and applications rely on databases built with Structured Query Language (SQL). However, vulnerabilities like SQL injection (SQLi) emerge when websites fail to properly screen or control the queries they receive. Lack of proper administration enables attackers to sneak bits of SQL code into the queries, thus gaining access over valuable information from the database. Hence, preventing these attacks becomes paramount. Unlike malware, which is mostly downloaded, SQL attacks work by being injected. 

Below discussed are some effective measures following which companies can prevent such dangerous attacks. 

Filter database inputs

This is a crucial step in bolstering security against SQL injection vulnerabilities, even though it may not stop attacks entirely. By filtering inputs from websites and applications, organisations can lay the groundwork for a more secure environment. 

However, attackers often exploit loopholes in extended URLs and special character handling to infiltrate databases and execute unauthorised commands. They can possibly  gain access to sensitive data and even delete it. Businesses must also take this into account when monitoring their databases. 

Restrict database code

While input filtering is an effective step, attackers can adopt various other ways to execute their intentions. They can circumvent the code through sero-day vulnerabilities or compromised credentials. Therefore, to enhance security, organisations must impose restrictions on the code that gives access to the database. By doing so, they can exercise greater control over the database’s capabilities, thereby reducing the potential for exploitation by attackers.

Database managers can achieve this by minimising functionality, and making a list of fair user inputs. These measures confine the database to essential functionalities, reducing unexpected uses and potential exploits.

Restrict database access

Eventually, a user’s login details might get stolen, or a hacker might find a hidden weakness in a website, database, or server. To reduce the harm caused by a SQL injection attack:

  • Use firewalls to control who can access the system from outside.
  • Limit what users can do by only showing them basic error messages and restricting their access to certain parts of the database.
  • Make it hard for attackers to profit from a breach by encrypting sensitive data and avoiding shared accounts as much as possible.

Maintain applications and databases

Companies need to keep an eye out for any new weaknesses in their apps and databases that hackers could exploit using SQL injection. It’s important to stay informed about any updates or fixes announced by the software makers. To protect against SQL injection attacks, it’s essential to keep everything up to date, including the database server, frameworks, libraries, plug-ins, APIs, and web server software. If companies find it hard to stay updated, they can also invest in patch management tools available. 

To make monitoring more effective, advanced tools like Privileged Access Management (PAM) and Security Incident and Event Management (SIEM) can use smart technology like machine learning and behavior analysis. These tools add extra security layers and help organisations spot possible threats early on. This also makes application-level hijacking extremely hard.

Conclusion

By now, we know how important it is for businesses to safeguard themselves against rising SQL injection attacks. By continuously monitoring SQL statements and promptly addressing existing weaknesses, they can strengthen their protection against potential breaches and data compromises.

Investing in advanced tools and techniques, such as Privileged Access Management (PAM) and Security Incident and Event Management (SIEM), further bolsters security measures. This in turn ensures the proactive detection of malicious code and the mitigation of threats. Lastly, companies must stay vigilant and alert in addressing SQL injection vulnerabilities to maintain their integrity and security 

If you are interested in pursuing a cybersecurity certification programme or wish to know how to secure and defend digital infrastructure, you can enrol in Imarticus’s Cybersecurity and Blockchain programme. This cybersecurity course will help you master the knowledge and critical skills you need to make a planned future in the realm of cybersecurity, cryptography and blockchain.

Application-Level Session Hijacking, Network-Level Session Hijacking, Tools and Countermeasures

Application-level and network-level session hijacking are serious issues that can easily compromise the confidentiality and integrity of user data. The blog will throw light on the difference between the two types of attacks, the common tools used by hackers, and the effective counter options. This will make users aware of session hijacking.

People who are not aware of these attacks can get enrolled in various educational programmes and consultations. They can consider taking a cybersecurity course to learn more about the different ways to protect and safeguard their online presence. Moreover, they can maintain a secure digital environment.

Session hijacking is a malicious attack where the attacker takes control of the user’s session on the computer and the server. This helps the attacker access sensitive information, manipulate data, and capture the user’s place. Knowledge about different types of hijacking, lets users better protect against such threats.

Cybersecurity professionals can offer effective security measures when they are aware of the different types of session hijacking. They can know about the methods used by the attackers. This helps the organisation to protect its system smoothly and efficiently from being victim to session hijacking attacks. It is important to stay informed and vigilant to protect against the cybersecurity threats.

Application-Level Session Hijacking

Application-level session hijacking is a harmful cyber attack where an unauthorised individual can get control of the user’s session in the application. The attack happens when the user successfully authenticates themselves and accesses applications. The attacker can intercept and manipulate the session data to harm the user. They can get access to sensitive information and perform malicious activities on the user’s application.

Attackers can exploit vulnerabilities in the application’s session management mechanisms. Common methods come up in the form of session fixation, where the attacker sets the user’s session. Session sniffing happens when the attacker intercepts session cookies and tokens. The attacker can bypass authentication procedures and carry out unauthorised actions in the applications. This can pose a major threat to the confidentiality and integrity of the user data.

Developers can implement secure coding practices like HTTPS to encrypt communication, using strong session management techniques like token-based authentication. This regularly monitors and audits session activity for any suspicious behaviour. Users can easily protect themselves when they log out of applications when they are not in use. Moreover, they must avoid using public Wi-Fi for sensitive transactions and be aware of phishing attempts. This results in session hijacking.

Techniques Used in Application-Level Session Hijacking

Application-level session hijacking is a serious security threat in the digital world. Attackers can harm web applications to get unauthorised access to user sessions.

Session fixation

Session fixation allows the attacker to set a user’s session ID before they opt for login. This helps them control the session once the user authenticates.

Session hijacking

Attackers can get unencrypted session cookies to get into the user’s session. Attackers can steal session cookies and harm the user when they do not know about their login credentials. This technique is effective for public Wi-Fi networks where the traffic is unencrypted.

Cross-site scripting

Cross-site scripting results in session hijacking when the malicious scripts are injected into web pages to steal session information. Attackers can inject malicious scripts into the website. Attackers can manipulate session cookies and hijack user sessions. This allows attackers to execute scripts in the victim’s browser. This gives access to sensitive session information. Web developers can protect the user inputs and implement proper security measures.

Network-Level Session Hijacking

Network-level session hijacking is when an attacker intercepts and takes over the communication session between the two parties. This happens because of vulnerabilities in network protocols and with techniques like packet sniffing and capturing session data.

The attacker gets unauthorised access to sensitive information like login credentials, and financial and personal data. They can easily harm any parties involved and carry out malicious activities without any form of tracing. It is important to use encryption and secure protocols to avoid such attacks and guarantee the confidentiality and integrity of communication sessions.

One must consider it vital to implement strong encryption, use secure communication protocols like HTTPS, and regularly update the system to fix the issues and risks. Moreover, monitoring the network traffic for unusual activities results in lowering potential hijacking attempts and reduces the risks of such attacks.

Techniques used in network-level session hijacking

Network-level session hijacking is a serious security threat. Attackers can intercept and manipulate the ongoing sessions between two parties. Techniques used in network-level session hijacking are stated below:

Man-in-the-middle attacks

The attacker can place themselves between the communication flow of the two parties. This helps them block the session and change the data being exchanged between the parties without any form of knowledge between them.

Session sniffing

Attackers can easily monitor network traffic to capture session data when they use specialised tools. This happens when they try to steal sensitive information like login credentials and session tokens. This technique is the best fit for unsecured networks where the data is transferred in plain text. Attackers can intercept it and misuse the information.

Session fixation

The attacker sets a session identifier for the victim before they opt for authentication. This helps the attackers predict and control the session once the victim logs in. Attackers can then gain unauthorised access to the victim’s account and carry out malicious activities.

Difference Between Network-Level Session Hijacking and Application-Level Session Hijacking

Network-level session hijacking involves intercepting and taking the communication session between the two parties. The attack happens at the network level. Attackers can block the communication and manipulate the data being exchanged. 

Application-level hijacking can target the session token and cookies used by web applications to authenticate users. Attackers can harm users and gain access to unauthorised information. Moreover, they can even perform malicious actions on behalf of the users.

Attackers can exploit vulnerabilities in the network infrastructure and protocols. This helps them manipulate and intercept the communication flow between the different parties. The attack is challenging to detect because it happens in the lower level of the networking stack. Attackers can use different techniques like cross-site scripting and session fixation to steal session tokens and hijack user sessions.

Every organisation must be vigilant and proactive to protect its networks and applications. The network-level and application-level session hijacking come up with serious security risks for individuals and businesses. It is important to follow preventive measures like:

  •   Secure communication protocols
  •   Implement strong encryption
  •   Regularly updating software
  •   Conducting security audits

Tools for Session Hijacking

It is important to note that session hijacking is a serious threat in the current digital landscape. Different tools are used for session hijacking.

Firesheep

Firesheep is a Firefox extension that can easily capture the session cookies transferred in unsecured Wi-Fi networks. The tool is commonly used due to its simplicity and effectiveness in capturing session cookies. This helps attackers easily take over user sessions on different websites.

Wireshark

Wireshark is a network protocol that can intercept and monitor the traffic in a network. This is a powerful tool that administrators use for legitimate purposes. However, they can also be misused for hijacking.

Burp Site

Burp site is a platform to perform security testing of web applications. They come up with a wide range of features like intercepting proxy, spider, scanner, and repeater. This makes it the best choice for cybersecurity professionals. They can test for risks like session hijacking.

Individuals and organisations must be aware of the tools and take the necessary measures to protect against session hijacking. They can implement secure connections by encrypting protocols and regularly monitoring network traffic. This helps professionals to protect against the risks of the tools. Users can reduce the risks when they are informed and proactive. Moreover, this guarantees the security of online activities.

How Attackers Utilise These Tools to Carry Out Session Hijacking Attacks

Attackers have different tools for carrying out the session hijacking attacks. Some of the tools which they use are stated below:

Packet sniffers

Attackers can intercept data packets exchanged between the users and the server. This helps them to capture sensitive information like login credentials and session tokens. When they analyse the packets, this allows the hackers to identify and hijack active sessions without any form of knowledge from the user’s end.

Session fixation

Āttackers can manipulate session identifiers when they force the user to authenticate with a known session ID. They can then get access to the user’s account when they log in with the compromised session ID. This method is effective when it combines with social engineering techniques to trick users into using the attacker’s session ID.

Session replay attacks

Attackers can capture the user’s session data and replay it to the server. This helps them to do the following activities:

  •       Take the role of the attacker
  •       Get access to sensitive information
  •       Perform several malicious activities.

This method has drawbacks, as the attacker cannot encrypt the data. Moreover, this is difficult to detect and prevent. 

Risks Associated with These Tools Being in the Wrong Hands

Session hijacking comes up with several threats when these tools are in the wrong hands. 

  • Tools like packet sniffers and session hijacking software can intercept sensitive data like login credentials and other personal information. The tools can result in theft, financial loss, and unauthorised access to private accounts.
  • Developers can lose confidential information when attackers have unauthorised access to the sessions. This results in damaging the reputation of individuals and businesses. Moreover, it can violate privacy regulations and have legal consequences.
  • Session hijacking tools can disrupt operations and cause financial damage. Attackers can disrupt services when they gain unauthorised access to accounts and systems, steal intellectual property, and launch cyber attacks. The financial impact of the incidents comes in the form of loss of revenue, recovery costs, and damage to the brand’s reputation.

Countermeasures for Application-Level Session Hijacking

Applications can store user data and information. It is important to know about the best practices and countermeasures for application-level session hijacking. Developers can opt for secure coding practices to avoid such risks. SSL/ TLS is an encryption technique in which developers can protect the sensitive information exchanged between the client and server. This makes it harder for attackers to intercept and manipulate session data.

Implementing proper session management can reduce the chances of application-level session hijacking. Users can reduce the use of randomly generated session IDs, set session timeouts, and update session tokens. Developers can boost the security of the applications when they enforce strict access controls and validate user inputs.

Technologies and Tools that Can Help Mitigate the Risk of Application-Level Session Hijacking

Application-level session hijacking is a serious issue in which users can even sacrifice sensitive data. Developers can easily reduce the risk when they follow the below-mentioned points:

HTTPS

It is important to use secure communication protocols like HTTPS. These protocols encrypt the data between the clients and the server so attackers cannot intercept and manipulate session information.

Multi-factor authentication

Multi-factor authentication helps developers add an extra layer of security when users offer forms of verification before they access the accounts. This reduces the chances of unauthorised access when the session tokens are sacrificed.

Regular updates and patching of the software

This particular step is beneficial to avoid session hijacking attacks. When attackers get unauthorised access to sessions, software risks can be exploited. Businesses must be aware of security patches and software updates. This helps reduce the chances of application-level session hijacking.

Importance of Regular Security Updates and Patches

Regular security updates and patches are needed to protect against risks that attackers can impose on the network and applications. Software vendors come up with release updates to fix security flaws and improve the security of the products. Organisations can ensure that the systems are protected from these vulnerabilities. When they neglect to install security patches, this leaves the systems susceptible to attacks. This can increase the chance of session hijacking and other types of security breaches.

When developers opt for technologies like HTTPS, secure cookies, and multi-factor authentication, this helps them avoid application-level session hijacking. It is important to stay aware of the application’s security updates and patches for maintaining a secure online environment. Organisations can reduce the chances of being victims of the attacks when they know about the importance of using these measures.

Countermeasures for Network-Level Session Hijacking

Network-level session hijacking is a major threat in the digital environment. Several countermeasures can be used to protect against the malicious activity:

SSL/TLS

These are encryption protocols that can secure communication channels. When attackers encrypt the data between clients and servers, they are deterred from intercepting and manipulating sensitive information.

Strong authentication mechanisms

Strong authentication mechanisms can help developers to avoid the threat of network-level session hijacking. It is important to use multi-factor authentication, biometric verification, and one-time passwords. This makes it difficult for attackers to access sensitive accounts. Using multiple forms of identification reduces the risk of session hijacking.

Regular monitoring and analysis

This step is needed to detect any suspicious activity of session hijacking. Intrusion detection systems, security information, and event management tools help developers identify the issues in network behaviour. They can opt for prompt responses to reduce the likelihood of potential threats. Organisations can fight these problems when they stay vigilant and proactive while monitoring the network traffic.

Network Security Protocols that Can Help Prevent Network-Level Session Hijacking

Network security protocols are needed to prevent network-level session hijacking. Developers can use protocols like Transport Layer Security (TLS) and Secure Sockets Layer (SSL) to encrypt data transmitted over the network. This makes it harder for attackers to intercept and manipulate sessions.

Encryption is another basic element of secure network communications. It guarantees that the data exchanged between devices remains protected. The data must be scrambled and unreadable for unauthorised parties. Sensitive information like passwords, financial data, and personal details can be threatened when people do not follow proper encryption methods. This puts the entire network at risk of session hijacking.

Developers can protect network communications in session hijacking when they use strong encryption protocols. They can opt for encryption and use strong security measures. This helps organisations protect their networks from any form of unauthorised access and data breaches. 

If they do not have the basic knowledge, professionals can opt for cybersecurity training. There are several benefits when they get a cybersecurity education to boost their knowledge and skills.

Future Trends in Application-Level Session Hijacking

Session hijacking is a method that attackers use to gain unauthorised access to a user’s session. Hackers use advanced tools to intercept and manipulate session data, which can pose a major threat when users opt for cybersecurity. Attackers can use these technologies to boost their session hijacking capabilities in this era of artificial intelligence and machine learning.

Session hijacking attacks can become more sophisticated and difficult to detect. Attackers can easily exploit vulnerabilities in IoT devices, cloud devices, and mobile applications. This helps them hijack sessions and steal sensitive information. Moreover, the use of automation and bot-in-session hijacking attacks has been on the rise. It is very challenging to defend against such threats effectively.

Cybersecurity professionals and organisations can stay vigilant and update the security measures to protect against the evolving session hijacking attacks. They must come up with multi-factor authentication, encrypt session data, and monitor network traffic for suspicious activities. It is important to stay informed about the recent trends and techniques for session hijacking. This helps cybersecurity professionals to defend themselves and the organisation against future threats.

Future Trends in Network-Level Session Hijacking

Network-level hijacking is a common concern in cybersecurity. Emerging threats include DNS hijacking, BGP hijacking, and ARP spoofing. These techniques help attackers intercept and manipulate network traffic, resulting in data breaches and service disruptions.

Research shows that network hijacking will become more complex soon. Attackers will use artificial intelligence and machine learning to automate the process of identifying and exploiting issues in network protocols. Moreover, the rise of 5G networks and the Internet of Things can offer new attack surfaces for hijackers to target.

Cybersecurity professionals and organisations must update their defence mechanisms to fight the changing network hijacking threats. Here’s what to do when anyone gets stuck:

  •   Implement strong encryption protocols
  •   Monitor network traffic for anomalies
  •   Conduct regular security audits

It is important to be proactive and informed. This helps to protect a business’s sensitive data and maintain the integrity of the networks.

Conclusion

One cannot overstate the importance of using effective countermeasures against session hijacking. When customers are updated on the latest security protocols and use tools like multi-factor authentication and secure connections, individuals and their organisations can reduce the chances of falling victim to malicious activities. Vigilance and proactive measures are needed to reduce the risks which are offered by session hijacking attacks. 

Newcomers might be unaware of the intricacies of these operations. A cybersecurity course from Imarticus is the best option for them to continue their learning journey in cybersecurity. The Advanced Certificate in Cybersecurity and Blockchain course covers the different methods to defend against session hijacking and other cyber threats, including SQL injection tools and injection countermeasures. Learners can stay informed and adopt the best practices in online security, thus contributing towards a safe digital environment.

Visit Imarticus for more course-related details.