Online Business

Privacy and Security Issues in Online Business

Introduction1

Discussion2

Security and Privacy Issues Faced by Businesses in Online Business Practices2

Unauthorized Access3

Data Loss3

Attacks of Organizational Network3

DoS (Denial of Service Attacks)4

Security and Privacy Issues Faced by Consumers in Online Business Practices4

Password Cracking4

Exposure of Bank Account Passwords5

Identity Theft5

Ways of Addressing Security and Privacy Issues in Online Business Practices6

Security Policies6

Monitoring Tools6

Security Services and Products7

Conclusion9

References10

Privacy and Security Issues in Online Business

Introduction

In the current era, technological development has brought various changes and innovation in every field of life. It is because of the reason that, these technological developments has allowed the people to perform their tasks in a more convenient and efficient way. It is observed that, technology has significantly influenced various areas and field including education, business, trade, medicine and healthcare etc. Therefore, technological development has revolutionized the ways, in which people used to perform their tasks and duties. In the present era, technology is also playing a leading role in field of business and trade. It is because of the reason that, internet technology has allowed the people to do businesses on internet. Recent researches and studies demonstrate that, online business practices have possessed considerable popularity in the past few years and large number of organizations are focusing on doing their online businesses. It is because of the reason that, online business practices may allow the organizations to approach large number of audience while ensuring minimized operating cost and enhanced productivity of the business (SonicWall, n.d., pp. 14-16).

On the other hand, it is also observed that, online businesses incorporate various issues, problems, risks and vulnerabilities regarding the security and privacy of the customers and business processes. In this scenario, it is considered as the core responsibilities of organizations to implement appropriate and effective security strategies, in order to minimize the privacy and security issues that are experienced by consumers and businesses in online business strategies (Ackerman & Davis, 2003, pp. 10-13). The proceeding describes some of the security and privacy issues that are faced by the businesses and customers, in online business practices. This study also incorporates the ways and techniques that are used to address these issues.

Discussion

Internet technology is considered as an effective and affordable place for business. It is because of the reason that, this technology enables the organizations and businesses to promote and sell their services or products in a more convenient and cost effective way. On the other hand, it is also seen that, internet technology also offers opportunities for unauthorized access and fraudulent behaviour to client and business data. Attacks on the organizational computer systems may have various ongoing and immediate effects, like targeting consumers for identity offenses or affecting the visitors of the web site with malicious software (Katsikas, et.al., 2010, pp. 124-126). All these vulnerabilities may greatly affect the integrity and reputation of the business in the targeted market. It is because of the reason that, all these attacks or threats may influence the integrity of customer's information as well as the confidential information of business ...