Got a tricky question? Receive an answer from students like you! Try us!

Hong Kong and the Impact of Cyber Crimes - Essay Example

Only on StudentShare
Author : ylittel

Summary

Hong Kong and the Impact of Cyber Crimes Technology is, without a doubt, “one of the most important contributory factors underlying the internationalization and globalization of economic activity” (as cited from Stonehouse and Campbell, 2004, p. 270). It has made almost all things possible in business, and defied the boundaries set by time and space…

Extract of sample
Hong Kong and the Impact of Cyber Crimes

Nonetheless, no process is without a flaw; and many take advantage of this fact to steal from individuals and organizations that engage in e-payments. Despite all efforts of the government to restrain cyber crimes, and of information technology specialists to fortify domain firewalls, anxieties related to online transactions are mounting, and in a way, adversely affect international marketing endeavors. I. E-payment and Cybercrimes Electronic payments “refer to the systems and strategies required to enable the actual disbursement of funds electronically. It is concerned not only with the electronic transactions themselves, but also with the infrastructure required for billing and buyer authentication” (Botha and Geldenhuys, 2004, p. 67). The funds may be in the form of electronic checks, credit cards, purchasing cards, and electronic cash (Rainer and Cegielski, 2007). Authentication typically involves the username and password tandem, although other institutions support extended verification systems. For instance, Hong Kong and Shanghai Banking Corporation (HSBC) provide internet bankers with security device, while Emirates NBD incorporate the CHIP and PIN technology in all debit accounts. ...
Download paper

Related Essays

An Analysis of Hong Kong Property Trend
According to Carter (2011), the Hong Kong real estate market has seen many ups and downs especially since 1997 when it became part of China again. There was economic crash around that time and just before that, the real estate prices hiked just as they have today. However, Zarathustra (2011) explains that there are strong economic indications that the economy will suffer such a downfall again. This is because the prices of real estate have been growing at an unbelievably high rate which seem rather fabricated and unreal. There is a shortage of supply of land in the market and at the same time,…
86 pages (21586 words)
Nando's Opening Restaurant in Hong Kong - Business Plan
In certain countries, Nando's has other savor selections like Mediterranean or mango and lime. This paper looks at the 9-steps business model for Nando’s Opening a restaurant in Hong Kong, China. Destination Introduction – Hong Kong Contemporary Hong Kong has a primarily service-centered economy (Hong Kong Census, 2007), plus restaurant industries serve as a chief economic provider. With the third-thickest population per square meters in the whole world plus harboring a populace of around 7 million (Hong Kong Statistics, 2007), Hong Kong is host to a restaurant business with powerful…
12 pages (3012 words)
Marketing an Australian wine to Hong Kong wine market
However, the right marketing strategy can assist Brown Brothers in succeeding in its endeavors. Description of the chosen target market The target segment would be the youth that has completed tertiary education as education influences socialization as well as the choice in food and beverages. Hong Kong is one of the most densely populated areas in the world where full time education is mandatory between the ages of 6 and 15. More than 90% of the children complete upper secondary education and over 25.5% of the population have attended post-secondary education (USA.gov). This suggests that the…
11 pages (2761 words)
Hong Kong Market
The paper tells that market research is understood to be a scientific process concerned with gathering and processing critical information, which can be used in marketing management decisions. Due to this, marketing research is considered a critical part of a marketing intelligence system that in most cases functions to improve management decisions using timely, relevant, and accurate information. Marketing research has become popular in many organizations due to perceived benefits the process is seen to generate. For instance, smart organizations have been able to achieve and sustain their…
9 pages (2259 words)
Trade patterns in China and Hong Kong
(National Council on Economic Education) But some countries like Hong Kong plays an intermediation role for the trade of land lock countries such as China. Hong Kong acts as an entrepot for China. Hong Kong supplies semi-manufacturing goods as well as raw materials to Mainland China by importing from rest of the world. In exchange, it re-exports the manufactured goods from China to rest of the countries of the world. (Schoen, 2010) The two basic theories of trade flows are the absolute advantage and comparative advantage. Absolute advantage believes that a country should only produce those…
Feasibility Study on schweppes Australia taking PASSIONA to Hong Kong
The making of the passion fruit cordial by Spencer Cottee was motivated by the fact that he needed something to do with the passion fruits that had been in excess supply to himii. The cordial that was produced by Spencer Cottee was then sold off to a different party. Because of the limitation of resources to him by then, Spencer Cottee could not do anything else that was productive with the cordial that he had extracted from the passion fruits. He was therefore forced to sell the cordial to Lismore family’s company. The company which was referred to as William Bryant & Sons by then was the…
5 pages (1255 words)
Marketing an Australian Wine to Hong Kong Wine Market
The growth in Hong Kong wine market is attributed to the abolishing of the duty on wine by the Hong Kong government. About 40% of the US$ 1.3bn worth of wine traded annually in London is bought by consumers in Hong Kong and China (Franz, 2008). Similarly, according to Parker (2010) a glass of wine raised by a Hong Kong resident is likely to have come from the Australian vineyard. The Australian wine industry considers Hong Kong as a major market. Because of the abolition of duties and taxes on wine in Hong Kong, exports from Australia to Hong Kong has increased manifold. Australia is an…
8 pages (2008 words)