A Secure E-Business Environment

As companies worldwide move from a model of web-presence to
one of web-business, more and more direct business (transactions) is being
conducted on the Internet. According to certain estimates, in 1999 alone, the
total value of e-business was to the order of $130 billion. A large part of that
obviously happens in a few countries, like the United States. The true potential
of Internet as a platform for commerce will be unleashed once its global
character is exploited. Many countries today have limited Internet reach but are fast getting online. Once the Internet
becomes a truly global medium, the value of business on the net will rise
dramatically.

It is no more a matter of debate whether companies that shy
away from the reality of e-business will survive. Most companies understand they
will not. There is a mad rush among companies, big and small, to embrace
e-business.

While all this–smart moves, enhanced operating efficiencies
and faster penetration of new markets through the Internet sounds too
impressive, there is a concern that still looms large. That of a not so secure
environment to conduct e-business.

There are two sides to the security problem. One is the
security problem itself. The other is the concern about a possible security
problem. Both act as barriers to the growth of e-business. According to Computer
Emergency Response Team (CERT), the number of reported cyber-vandalisms in 1999
was 8268. There must be many more that go unreported. Similarly, without a
proper legal validation of an Internet transaction, there is a lot of concern
among businesses.

What’s In A Number?

Can
you repeat the question after reading the table?
Seconds
it takes for the first intrusion attempt after you log into AOL
90
Intrusion
attempts on www.ca.com in October 2000
157
Number
of reported cyber-vandalisms reported by CERT in 1999
8268
Number
of sites that provide free hacking tools