Privacy and emerging electronic payments

Article Abstract:

The emerging practice of electronic payment gives rise to numerous privacy concerns. Consumer groups fear that businesses will collect consumer information from electronic cash transactions and use it for other purposes without the consumers' knowledge or permission. Consumers themselves are taking action to preserve their privacy. A recent survey reveals that 80% of consumers prefer companies that are concerned about privacy protection while 60% are already deliberately choosing to do business with such organizations. To allay consumers' fears, electronic payment systems should be designed such that they enable consumers to determine what and why information about them is captured, to check the accuracy of the collection information, to have a say on whether information about them is used for such purposes as direct marketing, and to ensure that consumer information is protected from unauthorized access.

Electronic computers, Electronic Computer Manufacturing, Electronic Funds Transfer Systems, Management, Financial services industry, Financial services, Consumer protection, Information management, Protection and preservation, Privacy, Right of, Right of privacy

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Computer-assisted heists

Article Abstract:

Electronic funds transfers systems (EFTS) transfer $30 million daily; $90 trillion annually in the United States. However, the systems offer a lot of potential for criminal abuse, according to a study by the U.S. Department of Justice. The U.S. Secret Service reports receiving 1,400 fraud referrals concerned with EFTS during one six month period. Of primary concern are three ways of penetrating an EFTS: through connection of an unauthorized terminal to the system, through interception of messages between the authorized user and the computer, and through interception of radiation generated by the equipment involved. Computer security measures are still not in use by over 40 percent of corporations, and among law enforcement agencies, only the U.S. Secret Service has a training program relating to computer crime and only 400 have graduated from it.

United States, Speeches, lectures and essays, transcript, Bequai, August

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PC security - implementing a corporate program

Article Abstract:

Personal computer software is susceptible to accidental loss, power failures, natural disasters, unauthorized use or copying, data theft or alteration, and abuse by novice users or sophisticated software 'pirates'. Preventive measures include: user logons, authentication routines, access control, encryption procedures, audit control, and backup utilities. The mix of these security measures depends on the user's hardware, software, and specific security needs.

Software, Microcomputers, Access control

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