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e-Commerce Companies v. Hackers

By Henfree Chan and Bruce S. Schaeffer
March 30, 2009

The 21st century is clearly the age of cybercrime, and e-commerce companies of all stripes should be especially concerned because there are only two types of computer systems: those that have been hacked, and those that will be hacked.

Companies are uniquely vulnerable in two areas because they possess massive collections of personally identifiable information (“PII”), and they have substantial asset bases of intangible property. The PII and the intangible assets can be easily copied without leaving the premises.

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