Reserch paper on Internet Security(Master level) based on Electronic Essay

Reserch newspaper publisher on Internet Security(Master level) based on electronic Business Design - Essay ExampleHowever, E work is no panacea.As the dependence on the Internet increases, so do the pertinent risks that exponent hamper the profitability of a business due to computer criminals. The past few years hire revealed that most people are not proactive towards Internet protection and tend to wake up to its importance only after the disaster has already struck.This paper aims at analysing the impact Internet security system has on electronic business. The prevalent norms of electronic business are analysed and the security mandated are considered. Current security standards are analysed and their loopholes are presented. Finally the paper concludes with the presentation of the prospective state of Internet security.The availability of good priced IT systems, high speed and affordable communications infrastructure and ever increasing research and development in computer l anguages have swelled Electronic Commerce. But what exactly is E Commerce The ubiquitous rendering of E Commerce would be, Buying and selling of goods on the Internet. However this definition is a itsy-bitsy too coarse too simple. The eCommerce Innovation Centre provides a more pragmatic view by defining E Commerce as every form of business or administrative movement or exchange of information between a company and its outside world (eCIC, 2001). The first implementations of E Commerce applications can be traced back to the early 1970s, when a few companies began exchanging data among themselves through Electronic Data Interchange (EDI), a prevalent industry standard for inter enterprise communication. Since then thither has been no looking back. Companies began deploying huge corporate networks with groups of systems perform certain business tasks. The study springboard to E Commerce was provided by the low cost entry of the Internet. Virtually every major company started trans forming their businesses to world(a) level through Internet (Gottardi et al, 2004). However today, just a decade after the revolution, E Commerce is plainly considered to be a synonym for high profits. It is an underlying business philosophy assumption of major companies and not some necessary technological breakthrough. Such a ubiquity of E Commerce was mainly due to its potential to lead to dramatic growth in trade and improved efficiency and strong point of business practises. As of today, E Commerce consists of several theoretical models, which provide a company with the tools to plunk for the 5 essential elements of conducting business, namely price, promotion, presence, product and place. The important models areMerchant fashion model This model is typically used by traders, resellers, wholesaler and retailers of goods and services. It includes 24x7 ordering and one to one custom marketing (embellix, 2000).Auction Model This model emulates the traditional bidding model. It implements the bidding mechanisms by presenting goods and their value online. Manufacturer Model It is used by the manufacturers directly to communicate to the consumers about their goods and service