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Privacy in Electronic Commerce - Research Paper Example

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The present research paper "Privacy in Electronic Commerce" is focused on the technological revolution that spearheaded by the invention of the internet, and the subsequent development of electronic commerce has posed a significant threat to the conventional methods of business…
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Privacy in Electronic Commerce
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Download file to see previous pages Ever since its invention, the internet has been largely controlled and governed by common consensus of its users, and the regulatory structure has evolved and co-existed naturally, as opposed to developed deliberately in a structured manner (Acquisti, 2004).
However, recently there has been a considerable transformation in the manner in which commerce is managed and governed. Due to widespread public concerns, the bodies governing its use, at the national as well as international levels, have been forced to adopt stringent laws, for its healthy development, from time to time. Although, it is quite evident by now, that controlling or regulating the internet environment is not within the scope of any government – local or international. It can only be developed through a healthy co-operation between all states.
In the present day world, regulation of the internet assumes a position of immense significance and is inevitable for the smooth operation of all activities and particularly, those related to business practices. The Internet has facilitated the foray of even the smallest of firms into a larger public domain, granting them an opportunity to access a wider customer base. In the process, the competitive advantage available at the disposal of firms and individuals has widened drastically, completely transforming the conventional business practices giving rise to various issues related to data protection and security.
In order for individuals and firms to operate smoothly and safely in such a high tech environment, it is inevitable for those at the helm of affairs, to afford simple yet effective laws which ensure the protection of their data and maintains their privacy in this highly vulnerable virtual world. This paper discusses the various aspects of the European data protection directive, with special reference to directives 95/46/EC and 02/58/EC, as amended; in the context of its implications and relevance on the information society in present times. ...Download file to see next pagesRead More
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