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Essay / Research Paper Abstract
This 7 page paper focuses on the the problem that occurred early in 2000 when several companies' web sites came to a halt due to hackers flooding their servers. Several issues concerning security are explored, including but not limited to the use of encryption technology and hacker insurance. Bibliography lists 9 sources.
Page Count:
7 pages (~225 words per page)
File: RT13_SA010sec.rtf
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Unformatted sample text from the term paper:
make money with it. Information was free. But that was at first. Since its inception, the Internet has grown to embrace a great deal of business and many profitable enterprises
have sprung as a result. Further, both small and large companies decided that in order to remain competitive they would have to also do business online. Well known brick and
mortar companies such as Toys R Us and Wal Mart realized that they would have to compete with the likes of the newer firms which do online trading only, such
as etoys and amazon.com. While competition is merely a new exemplification of capitalism in action, problems crop up when doing business on the Internet. A common concern among all
companies that use the Internet is security. Online security has in fact become a significant concern as in order to pay for products, with the exception of Internet cash
creations, most transactions are done with credit cards. Everyone knows how sacred credit card information is and when putting ones number online, a customer wants to be assured that his
or her transaction is safe. However, recent problems with doing business online has raised other concerns. While encryption has created a safe environment for Interent users, regarding the protection of
confidential information, hackers have found other ways to make trouble. In February of 2000, a Michigan-based medical products firm had been the victim of a hoax as someone published a
phony merger announcement concerning that company with another (Suhr, 2000). While some might negate the seriousness of the situation the fact is that both stocks rose soon afterwards raises
questions (2000). Hackers were able to manipulate the market. It is plausible that the hackers could have purchased shares and then released the announcement on the Internet. There are serious
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