The Importance of Computer in the Business Industry

The Importance of Computer in the Business Industry

Computers are an invaluable part of almost every financial institution and service around the world. Stock markets depend on them to make fast transactions and to support the growing economies in today's world, and in about every office you find computers.

Without computers to support financial markets, the global ecnomy�would be no existent. They influence and affected the way we do business for the last 30 years. Computers are essential when large markets like Hong Kong's require large amounts of information to be stored and transferred when needed. They must be able to simultaneously complete various transactions instantaneously.

Nowadays, the use of computers when dealing with money is no longer restricted to big business. Many people use computers to do online banking, investing and shopping from their own homes.

Unfortunately our technology has advanced faster than our security has, and as more companies embrace computers and the Internet as the way of the future, they let them fall prey to Internet crime. As one security expert put it plainly "If I were going into e-crime, I'd hit a bank," says Jon David, a security guru who has worked in the field for 30 years.

And how they've been hit, many first time hackers have discovered that extracting funds from banks and large corporations through the advent of computers and the Internet has proved to be fruitful and easy. One high profile case was when in 1994, a 24-year-old programmer in St. Petersburg, Russia, named Vladimir Levin hacked Citibank for $10 million. He was later caught, extradited to the United States and is serving a three-year sentence. Recently 2 Pakistani techies were arrested for hacking to the Indian South bank and withdrawing 1/6 of the funds through computers at home.

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