STRATEGIC INFORMATION MANAGEMENT

Strategic Information Management

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Table of Contents

INTRODUCTION2

DISCUSSION2

Internet Growing Globally2

Internet's Contributions to the Banking Sector5

Categories of Cybercrime6

Identity Theft7

Identity Theft Prevention Strategies7

CyberStalking8

Cyberstalking Prevention Strategies8

Malware9

Malware Prevention Strategies9

Spam10

Spam Prevention Strategies10

CONCLUSION11

References12

Strategic Information Management

Introduction

This paper intends to discuss the rate of growth of the internet globally particularly its contributions to the banking sector. Furthermore, different categories of cybercrimes will be discussed along with the measures being used to curb these crimes.

Discussion

There are extensive advantages that are related to the usage of internet particularly in business. It has improved almost all the sectors of an economy like banking, transportation, education and others. Despite the advantages, it has also developed certain problems like increased crime rates all around the world.

Internet Growing Globally

The internet has made great contribution to economic activities worldwide. Internet is growing at a rate which is remarkable worldwide (David, Lester, 2002). It tends to contribute towards growth, productivity and employment within an economy. The figure below helps depict the usage rate of internet continent wise;

The distribution shows that how internet is being utilized by the world and which area of the world is utilizing the internet facilities the most. Asia is the largest consumer of the internet utilities as depicted by the figure. According to a recent survey, up to March, 2012 around 2280 million users are using internet which makes a percentage of around 32.7% of word's population. This percentage was 30.2% with 2095 millions of users worldwide just a year back in March 2011. This depicts the growth rate of internet usage globally. Moving on, the next figure depicts the average millions of users around the world with Asia again taking a lead.

The internet is impacting immensely the global growth. Around 21% of GDP is now being related to internet among the developed countries within last five years. This contribution was just around 10% about few years ago. The most amazing thing is that this economic value is not being created only in the field of technology but almost all the companies that are considered to be really traditional are taking benefits from the internet usage. Internet is also creating jobs worldwide.

Estimates regarding the internet users globally go beyond the figure of two billion users. The growth of internet usage globally is continuing to move at a fast pace. Africa, Middle East and Asia are the regions where the internet usage is growing faster (www.internetworldstats.com).

The above figure depicts that North America is the most penetrated region of the world regarding the internet usage. Another important factor to note is that even though Asia is occupying the major chunk of internet usage, it is still in the phase to get its penetration levels upwards.

The figure below also depicts the situation of internet users per hundred inhabitants. The growth rate of internet users around the world can be easily seen and analyze through this figure (www.internetworldstats.com).

Internet's Contributions to the Banking Sector

Internet has opened new opportunities in the field of banking. The internet penetration leads towards the development of new fields and business ...