Business Implications of Security on the Internet Essay

Business Implications of Security on the Internet - Essay representativeLoss of revenue is one of the major business implications of gage department on the internet. Lack of internet security can lead to loss of revenue in two main ways. Firstly, if the internet server that a business uses is compromised, hackers can (in roughly cases) gain entrance fee to the businesses financial information. Such information can be used to pilfer business funds and this leads to loss of revenue. Secondly, in cases where businesses rely a great diffuse on the internet and use e-commerce sites to sell their goods/services, a compromised internet network or site mechanically leads to loss of revenue since such a site is rendered inoperable and consumers are not able to access the site (Ringwelski, 2010). There has also been loss of productivity on human personnel be pee-pee of internet security measures taken by company. Due to the rise of internet security breaches, businesses may be forced to follow through certain measures that ultimately lower all their employees productivity. For instance, employees may be asked to conduct various security checks in the lead accessing the internet and this may be time consuming and lower productivity. Another major repercussion of internet security on businesses is the potential risk of the businesses reputation being damaged. In cases, where a businesss internet security is breached, hackers can damage the companys reputation by posting incorrect information about the company on the compromised site, or stealing the information of the companys clients. For most businesses, this risk can be even more debilitating than the loss of business revenue. This is because while a business may recover from a loss of revenue, a damaged reputation can cause customers, investors and shareholders to lose faith in the business and withdraw their support. The loss of such support often leads to the offend of the business (Shoniregun, 2005). Evide ntly, implications such as the ones discussed herein can lead to businesses being damaged extensively. For these reasons, different businesses adjudge devised various solutions to deal with internet security. For instance, some companies have developed information-sharing partnerships with various government agencies. Such partnerships modify companies to rely on the governments law enforcement abilities to detect and prevent breaches in their internet security. In such partnerships, businesses rely on government law agencies to provide them with any information that can remedy their internet security and the