Bis/220 It Acts Paper
Information Technology Acts
UOP: BIS/220
4 Mar 2013
Abstract
Due to the increasing problem of stealing other people’s work and claiming it as your own, the No Electronic Theft (NET) Act was created. The internet has increased the availability of certain documents and had offered little protection to the people creating these works up until the NET Act. The internet has also made making and spending money much easier from the comfort of your home. The Electronic Fund Transfer Act (EFTA) was created to protect those users from having their information or money stolen.
Information Technology Acts
The internet and other information services have made almost any information obtainable at the click of a button. This has also made the world a much less secure place when it comes to protecting one’s work. It has also compromised the security of bank accounts and fund transfers of those who use the internet for purchases, banking, or use other automated machines. Due to these security issues two information technology acts were created to protect the people. First, the Electronic Fund Transfer Act (EFTA) was created in 1978. Then, the No Electronic Theft (NET) Act was created in 1997.
The increasing popularity of online shopping, automated teller machines (ATMs), online banking, point-of-sale terminals, telephone bill payments, and many other monetary devices that use the internet created major security issues. The threat of identity theft, stolen banking information, and other personal information was cause for major concern. With these threats looming, the Electronic Fund Transfer Act (EFTA) was created to protect people who were entering a new age of technology. This act protects people while using access devices. According to The Federal Reserve (2008), an “Access device is a card, code, or other means of access to a consumer’s account or a combination used by the consumer to initiate EFTs. Access devised include debit cards, personal
UOP: BIS/220
4 Mar 2013
Abstract
Due to the increasing problem of stealing other people’s work and claiming it as your own, the No Electronic Theft (NET) Act was created. The internet has increased the availability of certain documents and had offered little protection to the people creating these works up until the NET Act. The internet has also made making and spending money much easier from the comfort of your home. The Electronic Fund Transfer Act (EFTA) was created to protect those users from having their information or money stolen.
Information Technology Acts
The internet and other information services have made almost any information obtainable at the click of a button. This has also made the world a much less secure place when it comes to protecting one’s work. It has also compromised the security of bank accounts and fund transfers of those who use the internet for purchases, banking, or use other automated machines. Due to these security issues two information technology acts were created to protect the people. First, the Electronic Fund Transfer Act (EFTA) was created in 1978. Then, the No Electronic Theft (NET) Act was created in 1997.
The increasing popularity of online shopping, automated teller machines (ATMs), online banking, point-of-sale terminals, telephone bill payments, and many other monetary devices that use the internet created major security issues. The threat of identity theft, stolen banking information, and other personal information was cause for major concern. With these threats looming, the Electronic Fund Transfer Act (EFTA) was created to protect people who were entering a new age of technology. This act protects people while using access devices. According to The Federal Reserve (2008), an “Access device is a card, code, or other means of access to a consumer’s account or a combination used by the consumer to initiate EFTs. Access devised include debit cards, personal
References: Indiana University. (2012). Knowledge Base. What is the No Electronic Theft Act? Retrieved from: http://kb.iu.edu/data/aliv.html. The Federal Reserve. (2008). Electronic Funds Transfer Act. Retrieved from: http://www.federalreserve.gov/boarddocs/caletters/2008/0807/08-07_attachment.pdf.