Web-Based Business Growth

The growth of web-based businesses over the last two years has been substantial. The electronic business boom has attracted users by the billions, and online transacting has become the most convenient way to conduct business. Customers are no longer restricted by currency, geographic location or hours of operation, as web-based businesses accept universal currency, are accessible from around the world and are available around-the-clock.

As organizations surged to embrace the global consumer-base, they did not fully conceive the sheer number of users the Web would attract or how it would impact business operations, particularly for managing external and internal users. As a result, organizations have unwittingly left themselves open to threats and vulnerabilities, such as website vandalism, stolen user information and breaches of customer confidentiality.

Business Security Fears

The Web has changed the way organizations conduct business, and has challenged traditional paper-based business strategies. Today’s organizations must replace the customary methods with a business approach that includes new concepts and new technology.  Additionally, they need to accommodate new risks, including viruses and website attacks, as well as the lack of awareness surrounding where, when or how the next attack will occur.

A new business environment has evolved where organizations are faced with numerous challenges, including how to manage users, how to validate each user’s identity, and how to store confidential user information.