At this point in time the ubiquity of personal and sensitive information of businesses and individuals who participate in the world economy is greater than ever. As in the past, your information could be found on an old credit card statement inside your garbage can at the end of your driveway; just waiting to be plucked by the next crafty criminal who can get his hands on it. Now your sensitive personal information is inside not only in your garbage can but as a result of the last couple of decades, information technology now has the ability to send your personal information in packets of data and over telephone wires. Extensive research has come up with empirical evidence that Internet Identity theft is on the rise in the United States and shows little sign of slowing (Federal Trade Commission 2003).
As the inertia of human interconnectivity we know as globalization pushes us closer and closer to one another as we soar into information age, we must realize that as fantasmo as is the conception of cyberspace we must also realize that with any great invention when combined with perversions of human thought, can be much more harmful than beneficial (i.e. planes and terrorists). An as awesome a tool as the Internet is, it could quite possibly provide more opportunity for crime than anything we've seen since in a very long time. But thanks to the hard work, good will and a whole lot of people trying to make some money we have come up with ways to defend ourselves from those individuals attempting to use the Internet as a channel to prey on your personal information from afar. Within the research, analysis and implementation of a system of defense from these "criminerds" lays the very heart of information technology policy as it applies to security and consumer protection in the globalizing information universe.
There are several key points and underlying themes that I have hinted to already but I will take the chance to further elucidate the main objectives for the rest of the paper:
The progressive compression of space and time as a result of the globalization phenomenon has had significant implications on businesses and individuals and has brought together in ways they never thought possible (Stromquist 2000).
Globalization has led to innovation in information technology, more specifically, with the invention of the Internet, information can be sent around the world at lightning fast speeds.
Within the new international data transmission infrastructure money can be exchanged in the form of data, giving birth to what is now the booming industry E-commerce.
The data required by E-commerce not only attracts businesses and consumers globally, but because of the profitable nature of the data used to exchange money, Internet criminals known as "hackers" electronically probe and loiter networked pathways with the intention of intercepting this valuable information.
The nature of newer, wireless technology has...