Electronic Information

Paper Summary:

This paper uses an interview with a sales manager for VeriSign, one of the world's largest suppliers of digital security certificates, as a developmental theme and discusses three primary issues concerning electronic privacy. Through a literature review, it analyzes the concerns regarding security issues of the two major participants in electronic commerce, the companies that wish to sell products and the customers who want to buy those products. It looks at how credit card fraud online approaching $1 billion and how security verification is a primary concern facing businesses. It also considers the issues of privacy that have reached a critical mass, so important that the government has formed a special panel to study which privacy elements should be the basis of legal reform. It concludes with an academic overview of some of the technical issues concerned with electronic commerce.

From the Paper:

"Security has become one of the primary concerns when any organization connects to the Internet and a great many articles address various aspects of this problem (Day, 1997; O'Harrow, 2000). One of the best studies was that done by Lopez (1996) who analyzed a 1995 study of 1290 information network managers that reported substantial financial losses due to ineffective, or misdirected network security. Twenty percent of those respondents indicated that breaches in network security stemming from Internet connections were to blame. Of the companies that indicated a crack in network security, losses were estimated to be above one million dollars (Lopez, 1996, 40)."

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