For more info on a specific newsletter, click the title. Details will be displayed in a new window.
Subscribe to
Computerworld 40 years of the most authoritative source of news and information for IT leaders.
The Speed Of Money
or
Other Security Stories
|
|
|
|
August 14, 2000 (Computerworld) -- The road from paper to virtual money has been blocked at every turn by cultural and technological barriers. But a new spirit of both cooperation and competition between fast young start-ups and traditional financial institutions is beginning to push some of these barriers aside.
Within five years, the vast majority of business-to-business transactions is expected to be electronic, analysts say, leading to faster payments, lower costs and, potentially, less fraud as stringent identity authentication and credit risk-assessment procedures become easier and less expensive.
These savings, combined with faster collections, integration with back-end procurement and financial systems, and access to a larger supplier and customer base, could expand the U.S. economic boom to the rest of the world, analysts say.
"Money is always in search of the place where it gets the best return," says Thornton May, until recently a futurist at Cambridge Technology Partners Inc. in Cambridge, Mass., and an occasional Computerworld columnist.
The increased access to market information made possible by the Internet, along with the ease of making electronic payments, will make it possible for companies to change suppliers or distributors in real time on a global scale.
"You will be able to exit bad resource allocations more quickly, which is really what's driving much of the New Economy right now," he says. "It's almost real-time feedback: That didn't work; stop; try again."
Security Barriers
While virtual transactions are gaining steam, the vast majority of payments are still made with checks.
According to Stamford, Conn.-based Gartner Group Inc., 14% of business-to-business payments are made electronically. But that figure is expected to grow to 50% by 2009, says Gartner analyst Avivah Litan.
The biggest reason for the resistance to virtual payments is security, according to May. Companies, particularly those making large transactions, are concerned about the integrity of financial information that travels over the Internet, he says.
"Companies are going to spend more on digital security [than Y2k]," says May. "Probably one and a half times more."
The threat isn't only from hackers breaking into sensitive systems.
|
Print this Story |
|
Send Us Feedback |
|
E-mail this Story |
|
Digg this Story |
|
Slashdot this Story |
|
|
|
|
|
 |
|
All Zones Application Performance Zone Enterprise-Class Security Zone Enterprise Solutions Zone The File Data Management Zone Grid Computing on Windows Zone Security Management Zone ITIL Best Practices Zone The SAS Zone Storage Virtualization Zone The Data Center Management Zone |
 See your link here
|
 |
||||||||
| ||||||||
| ||||||||
| ||||||||
|
Why SaaS is Vital to Email and Web Security
Download this Executive Bulletin (a $49.95 value) for free, compliments of MessageLabs.
Get this white paper now!
Read up on the latest ideas and technologies from companies that sell hardware, software and services.
- Mozilla launches Firefox 3.0 RC1 early
- Microsoft: Don't misunderstand UAC, other Vista features
- HP confirms XP SP3 endless reboot snafu, promises patch
- More top stories
Security Management ZoneSecurity management is the process of developing a comprehensive data protection plan. It takes into account all potential threats, the existing network environment, the future needs of the organization, and lays out a multi-tiered blueprint to integrate the security technology needed to combat these threats. CDW can help keep your network and data secure. Visit the CDW Security Management Zone now See All Zones
|
 Fired up about IT? Join Sharkbait and share your true tales of IT. SharkBait is the place for you to sound off about everything IT – the good, the bad, and the rest of the weird stuff you deal with every day.New baits 
|
"Security Directions" virtual trade show2008's Code-Red Security Issues for Protecting the EnterpriseWebcasts, white papers, demos, and more. Presented in a unique 3-d environment. Enter our show right now! Click here to enter
|
 In SecurityThere's plenty of talk about how to behave during a Customs search of your computer and gear, but Jon Espenschied's got tips for securing your data (and privacy) before you reach the border. Click here to read the latest column by Jon Espenschied |
 |
 |
Layered Security Solutions
Although basic network security issues have changed very little over the past decade, the
network security landscape has changed dramatically. Today's IT professionals still have the
primary responsibility of protecting the confidentiality of corporate information, preventing
unauthorized access, and defending the network against attacks. Security experts and analysts agree that a security solution comprised of multiple layers is the best defense against today's increasingly sophisticated attacks.Download this white paper
|
Universal Threat Management - Because Conventional UTM is Not Enough!
This white paper, written by Mark Bouchard of Missing Link Security Services, examines the challenges confronting today's enterprises with respect to managing threats on a network. It also discusses the need for "Universal Threat Management", which is a security solution approach for all physical locations within an enterprise that require threat protection.Download this white paper |
Selecting the Right Threat Management Solution
This short demo will guide you through key considerations for selecting a solution to manage threats on a network. Learn about the popularity of Unified Threat Management (UTM), and how it fits into an overall security solution. Explore critical elements of a network-wide solution for multisite and large network-size deployments and identify the four key features of a threat management solution.View this demo
|
CIO
Computerworld
CSO
DEMO
GamePro
Games.net
IDG Connect
IDG World Expo
Infoworld
The Industry Standard
ITworld
JavaWorld
LinuxWorld
MacUser
Macworld
Network World
PC World
Playlist
Copyright © 2008 Computerworld Inc. All
rights reserved. Reproduction in whole or in part in any form or medium
without express written permission of Computerworld Inc. is prohibited.
Computerworld and Computerworld.com and the respective logos are
trademarks of International Data Group Inc.
|
