New electronic payment systems are required to facilitate electronic commerce. Finally, a global regulatory and tax environment must be established that is conducive to business in cyberspace. Many of the issues discussed are unresolved, and solutions are being developed by governmental bodies, industry consortia, and activists of all kinds. Business executives need to understand the forces that are shaping the marketplace of the future and ensure that their voices are heard as the rules, systems, and infrastructures of cyberspace are developed. Trust Trust and the protection of personal data are central to successful commerce.
Privacy is a hot political issue.
The United States may be headed for a showdown with the European Union over the protection of personal data. Security Network security has always been important. In cyberspace it is critical. The Internet has opened up systems to attack as never before, and potential attackers have become more sophisticated. The newness of cyberspace has made it open season for fraudsters and criminals of all kinds.