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Basic E-Business Legislation and Regulation (3)Filed Under: General

• Privacy and Personal Data Protection: Thanks to information-communications systems, it has never been so easy to collect, reproduce, disseminate, and compile personally identifiable information. Organizations have never faced such daunting privacy issues regarding the increasingly indispensable information and, EBusinesses should address the attendant privacy issues in order to avoid legal liability. Given the current media and legal climate, and the fact that electronic communications and technology tracking abilities will only increase in the future, concerns about the privacy of electronic communications are recognized in many countries, and many privacy-related bills are now pending at both the national and international scene.

• Information Security (Cybersecurity, Cybercrime): New information and communications technologies give rise to new opportunities for their abuse, which in turn give rise to legal restrictions. This notion arises the need to legislate against a variety of new abuses and frauds – or old frauds committed in new ways. Cybercrime may cause serious financial damage, and computer-related offences frequently involve more than economic loss. Damage can be a waste of time, or the loss of privacy and security. The most significant harm and danger caused by cyber-crime is the threat of lost reliability and lost trust in cyber-space. There is another aspect of harmful and dangerous activity within E-Business environment – the digital content broadcasting. There is no consensus yet, neither on what kind of content should be prohibited, nor how it can be handled.

• Consumer Protection: Considering the functionality and applicability of such issues, it is worthy to find one, generic-shaped, key category that links all of these separate issues in one regulated scene. It is obvious that as a signature means almost everything in the physical world of paper-based business, some kind of the instrument that could ensure security, trust and functionality of E-Business, should be introduced. This issue is considered the core category of any national and international regulation in digital economy – the answer lies with introducing electronic signature equivalence with a hand-written signature no matter what type of information technology is in use.

Taken From : Digital Economy – Impacts, Influences and Challenges