Data Security Laws Seem Likely, So Consumers and Businesses Vie to Shape Them - 0 views
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Elisavet M on 10 Jan 11During 2005, political organizations advocated for strict laws implementing data security enforcement, as rising concerns stemmed out of alarming statistical studies and research, revealing identity theft, credit card frauds and hacking as emerging and terrorizing practices overtaking much of the internet realm. This article introduces the beginning of the rise in public awareness, as technology strongly began to redirect the business world into another more digital phase. It was during that year, the primary stakeholders, also known as the businesses ( participants of e-commerce that stored, verified and utilized private consumer data), vocalized their needs clarifying their desire for the creation of constraints in regards to the consequences or negative implications of passing certain bills (for data security). The past exemplifies the various influences the introduction of data security measures, passed by the government legislatures, had upon newly initiated businesses; among the most significant implications discussed were: the need to build a secure database for reliable storage of clientele digital data with the utilization of particular software as well as improving business organizational structure in order to maximize the rate of security notifications towards consumers based on a foundation of rigid security standards. Far from the adaptation to such implications, the political crisis of establishing solid ground for a new set of security data policies and standards became an overwhelming process for politicians, congress members in conjunction with consumer and data privacy groups that rivaled in attaining the responsibilities of passing the needed laws. The politicians (stakeholders, holding the role of administering governmental legislation to stabilize data security breaches), came into opposition with the concerns of many members of advocacy groups (stakeholders, holding the responsibility of supervising and publicly navigating the direction of th
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Elisavet M on 10 Jan 11continuation: the adjusted standards enforced by politicians). The problem of adhering to the instruction of newly created laws motioning businesses to appoint data security officers, draft policies, to comply with policies and procedures involving giving access to files in business databases for the Federal Trade Commission to check comes into collision with what most online businesses want to go through the process of doing. However, with the issue of security surfacing future consumer problems, as security breaches become major forces threatening the safe entering of digitally encrypted information (such as credit card codes), many companies become increasingly aware of the needed adherence to the strict security data laws, in order to continue profiting financially in order to keep the rate of consumer trust and payment increasing.