Impact of Technology on Global Business Operations: Advantages, Disadvantages, and Cybercrime During COVID-19
Task 1:
- Technology impacts on businesses
- Advantages – connectivity/ widen customer base reaches more potential customers
- Disadvantages – data/personal information breaches, fraud, loss of trust/ financialloss
- COVID 1 pandemic caused on cyber crime
Cybercrime has countless digitally threats on business globally varying from fraud to copyrights. I will discuss both the advantages and disadvantages of technology on business operations globally focusing on cybercrime specifically. Some of the countless impacts that cybercrime has had on businesses was the breaching of personal data such as emails and social media platforms as well as a increase in fraud related crimes from various online shopping services although cybercrime has been happening since before the use of the internet in 1983 as in 1834 the first cybercrime was committed in France. During the pandemic of may 2019 to may 2020 and the two strictest lockdown rules that the spike in cyber crime increased dramatically as many business had to com all work to online due to the restrictions of not being able to go into the office however these crimes were mainly against individuals rather than organisations. However technology has had many advantages of business such as revolutioning business operations, global reach, market expansions, gaining knowledge as well as information on data analytics.
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