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Background and Introduction to the Digital Economy (5)Filed Under: General

It is evident that the technical expectations imposed by participation in the digital economy will increase. Businesses with high levels of e-competence will have a competitive advantage over those who do not. What are the requirements for successful participation? The answer will change, from industry to industry, but the minimal requirements would include a strong telecommunications infrastructure, with open Internet connectivity, and routine telecommunications services, along with a commitment to modern technical standards, system security, and transparent legislation and
regulation environment.

Businesses that offer services and have taken to the Internet seriously have a responsibility
to their customers to offer services in a secure manner (Ang, Dubelaar & Lee, 2001). With increasing networks across the globe for mission critical electronic commerce, securing the networks would be the primary focus. Various technologies and concepts is in place such as Virtual Private Networks (VPN), Secure Sockets Layer (SSL), Secure Electronic Transactions (SET) and many more to overcome and mitigate risks of transacting over the Internet. While security of operating systems, applications, physical, logical security are addressed by the respective organizations, the areas that are exposed are the networks and communication lines which leave the organization’s gates. Security is a fundamental requirement for E-Business applications such as e-mail, purchase orders, the transmission of credit card information and workflow automation using signature-based forms.

Taken From : Digital Economy – Impacts, Influences and Challenges