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In our present day lives, we all have become familiar with the term ‘e-crime’. With the staggering increase in the number of reported cases associated with e-crime, businesses nowadays are spending much more resources and energy on the issue of how to tackle with this modern day nuisance that has threatened theprivacy of almost every individual and organization. Ponemon Institute reported an increase of 37% e-crimes during the past year. Giant retailers and multinationals like Tesco and Target, who have highly sophisticated and authentic anti-cyber crime policies and measures, have also been affected by this issue and seem helpless in this effective prevention of their data. In the beginning, when the whole Information Technology scenario was at its primal stages, on one could have imagined that how disastrous and widespread negative impact it will have in the future. Definitely, almost no one in this modern day globalized environment would be able to deny the several fruits and advantages of information technology and also the endless amount of ease and convenience that it has bestowed on us. But certainly, like every other present day invention, it also has certain strings attached to it or in other words, there are some serious drawbacks of grave concern that are attached with its usage. E-crime, cyber hacking, privacy violation and identity theft are several of the great threats that pose a great deal of coercion for businesses.
As every individual is now a part of cyber world either directly or indirectly, therefore on one now is safe from the mental torture and distress caused by e-crimes. The felonies of these types involve some kind of unauthorized access by a third party to your confidential data, data interference and system intrusion, identity theft, electronic fraud and duplication and deletion of someone’s private files and documents without their knowledge and consent. E- Commerce and e – business security are inter related with each other as they both deal with the same threats and issues that are cultivated by cyber crime. E-business security is a continuous process that involves several preventive measures that are being taken by companies in order to secure their highly confidential and important information.
It should also be noted that most of the organizations are not very much enthusiastic and eager to take effective data security measures, perhaps due to the complicacy and intricacies attached with such measures. But the fact is, modern day technological data prevention measures are very much flexible, easy to use and also a lot reliable and less expensive from the traditional ones. For instance, back in the day, offices used to employ the services of IT experts and technicians for deployment of such measures. But nowadays, the scenario is contrary. Cyber crimes do occur typically when there is certain kind of loop hole in the data security sphere including lack of interest by organizations to encrypt their data effectively and password protecting their relevant documents and projects. This data can then be used by hackers to gain monetary benefits, harm company’s reputation and brand market position.
In order to prevent the highly confidential company records it is highly necessary and essential for them to use those file encryption softwares that are genuine, reliable, easy to use and provide military grade security. Also, companies need to curtail the access they give their employees to those confidential records, as insiders can also leak this information to competitors for monetary gains. Protecting these records by locking them with strong passwords is also a great option and also businessmen should avoid carrying highly important data while travelling to prevent data theft, as public places are a hotspot for such malicious activities.
