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Information technology and security: Risk management and policy implications

Information security is the sum of the processes and technologies used to protect information assets from unauthorized acquisition, disclosure, manipulation, modification, or damage and loss. Information security underlines the importance of trust and trust building in everyday economic and civic life. Economic activities, such as trade or financial transactions, may be critically dependent on information security, as globalization encourages and directs remote or mutually unfamiliar firms and individuals to interact. As e-business becomes part of the everyday experience of large numbers of firms, who will on average tend to be more risk-averse than early adopters of technology, security in all its dimensions becomes crucially important (UNCTAD, 2003).

Related Subject(s): Economic and Social Development
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