Abstract :
To create a future with improved prospects for dealing with security and privacy, nations will have to reach agreement on many issues, including Banking and financial services; privacy laws related to sensitive data such as healthcare information; intellectual property (IP) rights, their reasonable protection, and the significant challenge of achieving international agreement on an enforceable set of common standards; cybercrime laws and penalties for breaking them and new networking technologies that adversely impact privacy, the subtleties of which might not be fully appreciated until a product is well entrenched. Many of these issues have been around since the onset of literacy, but the challenge of dealing with them has grown enormously in the information age owing to the speed, storage capacity, intelligence, and ubiquity of modern IT (and its inherent vulnerabilities).