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Monday, August 23, 2010

SALAAMI ATTACK

1. Ever seen your account with minute details of each and every penny/cent/paise in your account...I m sure many of you wouldn't have....how does it matter if its Rs 22323.45 or Rs 22322.12.....a difference of some paise ...we generally account for it against rounding off....but now on be ware...u may just be a salaami target....better known as Saalami Attack

2. An example of this also known as penny shaving, is the mal practice of stealing money repeatedly in extremely small quantities, usually by taking advantage of rounding off to the nearest money unit viz cent or paisa in financial transactions. It would be done by always rounding down, and putting the fractions of a cent into another account. The idea is to make the change small enough that any single transaction will go undetected.

3. IT comes with a whole lot of things...u get some,u loose some.....be ware.For more info click here, here and here.



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