Tag Archives: Reveal

Groundbreaking Global Study First to Reveal That Whether a Person Focuses on the Past, Present or Future Is a Leading Predictor of Their Financial Health

New York, NY (PRWEB) July 18, 2014

A groundbreaking new study reveals why some people make poor financial decisions while others make sound ones. Among its compelling findings: a person’s time personality – meaning whether they are stuck in the past, living hedonistically in the present or focused solely on the future – is a better predictor of financial health than their mathematical ability or financial acumen.

This first in-depth psychological study of its kind was undertaken by Philip Zimbardo, professor emeritus of psychology at Stanford University, author of more than 50 books including The Time Paradox and creator of the Zimbardo Time Perspective Inventory (ZTPI). The six-nation, 3,000-adult study was carried out in partnership with MagnifyMoney (http://www.MagnifyMoney.com), which offers consumers a simple, unbiased way to comparison-shop for financial products.

Concurrent with the study’s release, MagnifyMoney launched a new quiz that helps consumers determine their time personality and offers tools for making more savvy financial decisions.

The study looks at three major time personality categories: past-oriented, present-oriented and future-oriented.

Past-oriented:

    “Once bitten twice shy“– For example, someone who has lost money in the stock market in the past, may be more conservative – thus limiting their downside — but often misses out on potential gains.
    “Memory Hoarders” — This group of people have fond memories of the past, but tend to get stuck there – meaning they might stay with their bank or credit card out of loyalty and not get the best deal.

Present-oriented:

    “Hedonists” – This group likes to enjoy life impulsively without thinking about tomorrow and is more likely to be financially sick. They tend to buy now and think later, with no thought of future consequences – or their credit card bill.
    “Powerless”– People who feel stuck in the present are also likely to be financially sick – they tend to believe things that happen in life are out of their control, and don’t feel empowered to change their financial situation and get more out of their banks.

Future-oriented:

    “Future Trippers” — This group is singularly focused on planning for the future and are likely to make financial decisions – such as buying a house, saving or investing – because they know it’s the right thing to do. However, this group doesn’t always achieve a higher degree of financial health because they seek out advice that might not always be prudent.

“Time personality, or perspective, drives decision making in many realms – from deciding what to eat to choosing who to marry. With this study, we show clearly that it can have a profound effect on a person’s overall financial health,” says Philip Zimbardo. “The study is informative – even surprising – but what makes it truly useful to consumers are the online tools MagnifyMoney has developed to help people assess their time personality and, ultimately, make better financial choices.”

Other intriguing study findings include:

    Millennials are much less likely to rate themselves as financially literate, when compared to baby-boomers. However, more millennials have demonstrated financial health than baby-boomers.
    Of the six countries studied, the UK ranked as the most financially healthy. Meanwhile, Brazil and Italy had the highest level of present-hedonism and lower financial literacy.
    The study did not find a significant difference between males and females.

NOTE: For more information on the study results, visit http://www.magnifymoney.com.

Traditionally, the focus has been on teaching financial literacy and math skills in order to improve financial health. We believe that financial literacy is important. However, our study results show that understanding one’s time perspective is an important new factor and should be integral to literacy training,” according to Nick Clements, co-founder of MagnifyMoney. “With our time perspective quiz, we are now able to help consumers make better financial decisions that can save them thousands of dollars.”

About Professor Philip Zimbardo

Born March 23, 1933, Professor Zimbardo is a psychologist and professor emeritus at Stanford University. He is best known for his controversial Stanford Prison Experiment in 1971 that highlighted the ease with which ordinary intelligent college students were able to cross the line between good and evil when caught up in the matrix of situational and systemic forces. He has authored introductory psychology books, textbooks for college students, and other notable works, including The Lucifer Effect, The Time Paradox and the The Time Cure. He developed the Zimbardo Time Perspective Inventory (ZTPI) – integral to this latest study as well as Zimbardo’s past work.

About MagnifyMoney

MagnifyMoney was founded in 2014 by Nick Clements and Brian Karimzad, who have a combined nearly 30 years experience working in banking, including Barclaycard and Citigroup. MagnifyMoney is a powerful free resource because its personalized side-by-side comparisons of banking and credit union products are free, unbiased and easy to navigate. With the proprietary Magnify Transparency Score, banking and credit card products are rated on their simplicity, making it easy for consumers to quickly evaluate which products have the least amount of fine print. MagnifyMoney is headquartered in New York, NY.

For more media information, contact:

Lisa Hendrickson, Commstrat

516-767-8390

lisa(at)commstrat(dot)com







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Ponemon Institute and Security Innovation Reveal Gaps and Best Practices in Security Awareness Program with Latest Research


Wilmington, MA (PRWEB) July 15, 2014

Security Innovation and Ponemon Institute today announced the release of its State of Information Security Awareness: Trends & Developments Report. The objective of the research is to understand global trends and developments in information security education. The companies surveyed over 3,000 IT and other managers who were influential in their organization’s PCI DSS compliance and/or audit activities. Approximately half of the respondent companies currently require their employees to participate in information security awareness training, and it is these survey responses that form the research basis of the whitepaper.

“Security awareness training programs have become a much higher priority for risk-sensitive employers, “ said Dr. Larry Ponemon, founder of Ponemon Institute. “The collected data reinforces the need for targeted security awareness training to ensure threats are well understood and good security hygiene becomes part of daily activities.”

Key trends include:

#1: Spending is Increasing

Among the organizations that plan to implement a new security awareness training program, 64% will do so in the upcoming year – and spend some serious money doing it: 73% plan to spend over $ 100,000 and 41% will spend over $ 500,000.

#2: There’s Room for Improvement

64% of managers are less than fully satisfied with their current PCI DSS security training. Additionally, about two-thirds of companies currently train less than a quarter of their workforce, omitting key personnel.

#3: Short, Customizable and Online

Awareness training is most effective when available in short sessions, making computer-based training (CBT) the most popular and cost-effective approach for many companies. This is particularly important for smaller companies who typically spend almost twice as much per employee on training than larger companies. Additionally, 64% of companies customize training with company-specific content and, for those that offer training tailored to job function, IT departments receive the most customized curriculum.

#4: It’s Not Just About Compliance

Although compliance is currently the single biggest driver of data security training, 82% of organizations surveyed implement security awareness training programs to improve their overall level of data security.

Security industry standards bodies, such as PCI SSC (Payment Card Industry Security Standards Council) and NIST (National Institute of Standards and Technology), have recently updated their compliance requirements and best practices guidelines to place more emphasis on the importance of security awareness training.

Other key findings of the Security Innovation and Ponemon Institute research:

-About half of the organizations that provide training via CBT rely on third-party vendors for program development

-Most of the respondents who provide formal training indicated their curriculum is updated at least once per year, with 21% updating it more frequently

-More than two-thirds of organizations measure the immediate impact of their PCI DSS training using employee tests or satisfaction surveys upon program completion

-The most popular way for organizations to measure the long-term effectiveness of their PCI DSS training is by tracking reductions in non-compliance incidents

About Security Innovation

An application security pioneer since 2002, Security Innovation is dedicated to making software more resilient within the world’s most challenging environments; whether on the web, in devices or in the cloud. Our training and assessment solutions help organizations mitigate risk, eradicate vulnerabilities, and prevent data theft. Recognizing that application software no longer exists in isolation, our clients are better prepared to anticipate, navigate and reduce software security risk regardless of technology or system complexity. There are more than a million licenses of Security Innovation’s eLearning products in use today and our embedded security products ship on tens of millions of systems each year. Learn more at http://www.securityinnovation.com.

About Ponemon Institute

Ponemon Institute is dedicated to independent research and education that advances responsible information and privacy management practices within business and government. The company’s mission is to conduct high quality, empirical studies on critical issues affecting the management and security of sensitive information about people and organizations.







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Global Trading Authority, Invast, Reveal The Golden Opportunities and Potential Outperformers in 2014 Forecast Guide


Sydney, New South Wales (PRWEB) February 11, 2014

Just recently the globally renowned trading company, Invast, released their highly anticipated “2014 Forecast Guide” on their website, which highlights the opportunities ahead and uncovers the six potential outperformers for 2014. The complimentary 38-page report has been written by two of Invast’s head market analysts and provides a comprehensive outlook on global interest rates, Forex trading, industrial commodities and key Australian stocks, as well as dispelling myths surrounding the oil markets and gold price.

As report co-author and Chief Market Analyst, Mr Peter Osho, exclaims, “We are extremely excited to launch Invast’s 2014 Forecast Guide. It gives traders the 6 beaten down Aussie blue chip stocks to watch closely, answers the question of whether the gold price fall is over, and separates the myths from the facts surrounding the oil market.”

“We also go into great detail about the China Story – Iron Ore and Dr Copper – and give readers a revealing insight into the Forex outlook and world Index markets, disclosing the key opportunities.”

However, the guide is not simply a discussion of numbers and traditional trading tactics – Invast first urge readers to examine how they think.

As Mr Osho explains, “The purpose of our 2014 Forecast Guide is not only to reveal the opportunities, but to challenge the reader to open their mind because as a trader, your way of thinking is your most valuable asset.”

“It doesn’t matter if you’re entering the market for the first time or have been trading over a lifetime – your way of thinking will dictate your success and gives you the edge over thousands of other traders. At Invast, we aim to bring only the best ideas and opportunities to our clients by articulating our way of thinking.”

In addition to receiving a download of the gratis guide, traders will also receive an invitation to attend two Invast webinars that will provide an in-depth view of both the fundamental and technical outlook for 2014.

“We want traders to use our 2014 Forecast Guide as the first step in a long process of reinventing themselves to become highly successful traders,” explains Mr Osho.

“The accompanying webinars are an extremely important step in this process – we feel it is paramount that all those who download the guide also attend these to find out how we at Invast think about markets and how we can help you change your way of thinking to hopefully become successful this year. “

Invast believe the greatest investment any trader can make is improving their market knowledge, and have released their “2014 Forecast Guide” to help novice and experienced traders alike discover this year’s greatest opportunities and rewards, and successfully position their trades and portfolios.

For more information about the 2014 Forecast Guide or to download a copy, visit http://forms.invast.com.au/2014-outlook-guide-access.

About Invast

Since 1961, Invast has become one of the largest and most successful global market brokerage firms in Japan, and now offers state-of-the-art trading technology and unparalleled service in Australia, catering to all levels of traders.

Invast’s mission in Australia is to create more informed, confident and in-control traders through access to a full suite of educational material provided by the dedicated research and analysis team, award-winning support and innovative trading technologies including Invast MT4 and cTrader.







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