Threats in IT Sector
- Whereas for some companies on-line commerce is a natural outgrowth of their business, for others moving into cyberspace is a difficult endeavour. The problem these companies face have little to do with lack of technology or imagination. They stem instead from the lack if rules. At this moment there are few rules in cyberspace. The legal status of electronic copyright is still vague, as are the legal and practical issues surrounding on-line exchange.
- Another reason why companies hesitate to use the internet as medium to do business is that it is risky to pay for your products on the net. Hackers may get access to confidential information such as Credit card numbers
- More high quality manpower is required. Focus should move from “quantity” to “quality”
- Increasing cost of human capital
- Slowdown in the US economy.
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