Security and Consumer Protection in the Information Age...

Abstract: At this point in time the ubiquity of personal and sensitive information of businesses and individuals who participate in the world economy is greater than ever. As in the past, your information could be found on an old credit card statement inside your garbage can at the end of your driveway; just waiting to be plucked by the next crafty criminal who can get his hands on it. Now your sensitive personal information is inside not only in your garbage can but as a result of the last couple of decades, information technology now has the ability to send your personal information in packets of data and over telephone wires. Extensive research has come up with empirical evidence that Internet Identity theft is on the rise in the†¦show more content†¦There are several key points and underlying themes that I have hinted to already but I will take the chance to further elucidate the main objectives for the rest of the paper: ul li The progressive compression of space and time as a result of the globalization phenomenon has had significant implications on businesses and individuals and has brought together in ways they never thought possible (Stromquist 2000). li Globalization has led to innovation in information technology, more specifically, with the invention of the Internet, information can be sent around the world at lightning fast speeds. li Within the new international data transmission infrastructure money can be exchanged in the form of data, giving birth to what is now the booming industry E-commerce. li The data required by E-commerce not only attracts businesses and consumers globally, but because of the profitable nature of the data used to exchange money, Internet criminals known as hackers electronically probe and loiter networked pathways with the intention of intercepting this valuable information. li The nature of newer, wireless technology has many more security issues because rather than data transmission through wire as before, the air is being used as the medium of transmission allowing less discrete areas for possible network access. li The most recent security measures are those in the practices of data encryption and electronic payment systems. /ul ConsumerShow MoreRelatedInternet Privacy : How Much Privacy Do We Really Have Anymore? 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