Information Security, Business, and the Internet

Abstract This is the beginning of the age of the Global Networked Economy. Benefits will come with the network as the market, and the network as the channel for the market. Society increasingly is excited by the resulting opportunities. Economists have recognized the possible start of the next Long- wave of economic growth — the 5th Kondratieff Cycle, named after a Russian academician of the early 20th Century. The stock market investor sees a major shift in business opportunities and future corporate profitability driven by the exploitation of IT/Telecommunication services. The stock market levels reached daily in the United States and Europe during the Spring of 1998 highlight this expectation.