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Conclusion

Security management involves the control of liability in digital transactions as well as the establishment and enforcement of security policies to ensure that the requirements for security services be met in order for a security system to achieve its objectives. Effective management of security will become an essential enabler of e-business.

Just as individual consumers tend to avoid businesses that do not protect their transactions, business partners will certainly avoid companies that don’t take adequate measures to protect their databases and information. Findings from three independent polls in 1997 (Ernst & Young, FBI and Computer Security Institute) indicated that on an average 46% of all corporate Internet sites have been broken into (Kalakota & Robinson, 1999). Security management needs must receive adequate subsidisation and support from e-business participants for their technology based commercial initiatives to be successful.


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