The Threat of Cyber-Sabotage: The new Internet economy has recently seen a spate of layoffs. E-business’ had better watch out for their ex-technical employees — and guard against the potentially crippling effects of cyber-sabotage.

Abstract

A little over a year ago, as the world faced the uncertain prospect of the Y2K transition, the angst was offset by the unlimited opportunity that was said to exist — the Internet economy. Many business analysts were so enraptured by the capabilities of electronic commerce and the Internet economy that they claimed that the end of the business cycle had been achieved. The eradication of the cycle was attributed to the advent of a ruthless efficiency forged in silicon and software. No longer would the global capitalist economy be plagued by alternate cycles of boom and bust, the coordination of buying and selling would henceforth be a smooth process that would ramp the economy ever upward.