Rethinking E-Commerce Security in the Digital Economy: A Pragmatic and Strategic Perspective

Abstract

The worldwide market for information security services will nearly triple to $21 billion by 2005, up from about $6.7 billion in 2000, according to International Data Corporation. This trend that focuses on information security stresses the translation of strategic business objectives and models into an information systems architecture that combines data process, workflow, financial and simulation models. E-commerce security is a process, not an end result. Managers need to understand how advanced technology creates more robust, scalable and adaptable information systems for the organization dedicated to continuous improvement and innovation. The key questions for assessing status quo and modus operandi are discussed, and some alternative solutions and recommendations are proposed as we look ahead in the digital economy.