Author(s)

N.L. Karmakar

Abstract

Security is a key barrier for reaping the full benefits of e-Business in an organisation. The term ‘e-Business’ is used in academic and business circles very frequently since the beginning of the new century. This is not just about commercial transactions over the Web, it is the overall strategy of redefining old business models using new technology to maximise customer value and profits. E-Commerce, an application of e-Business can be used to create virtual global trading collaborations among customers, suppliers, distributors and financial institutions. This radical shift in business paradigm is creating a huge market in cyberspace. The new world of e-Business has been the source of wealth creation for some developed countries, the USA in particular. It is projected that the USA will have up to $7 trillion in online trade by 2006. In spite of this huge potentia

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