Organizations cannot ignore the potential of
e-business. Companies now have the opportunity to integrate supply-chains with
their strategic partners, which lets them cut costs and accelerate business
processes. These companies can reach new customers with e-commerce applications,
and then keep those customers happy with online customer service.
Companies can improve employee satisfaction and lower administrative overheads with intranet
applications. Indeed, organizations that ignores these potential e-business
benefits run the risk of becoming uncompetitive. These new e-business
applications often replace human relationships with electronic interfaces. As
Web applications become the interfaces to customers and partners, businesses
need to provide the same level of trust and confidence through these Web
interfaces that they have historically provided. The security technology that
underpins these e-business applications is vital in building this trust,
enabling partners and customers to have confidence in the electronic relationship.
Security is, in effect, the glue strengthening the relationships and helping to
tie a business more closely to its customers and partners. These requirements
mean that the security technology needed for e-business is very different from
the tools traditionally used to protect an enterprise network. Lets move ahead and understand
definition of security for businesses involved in online trade.