Digital Commerce

  1. Students spend significant personal funds across the Internet. According to Harris Interactive (2003), young adults aged 8 to 21 years spend approximately $172 billion per year. Of that amount $25 billion is spent online.

    In spite of such activity levels, there are security considerations that students frequently misunderstand or overlook. For example, boyd [sic] (2010) reports students sharing passwords with friends as a statement of kinship. Livingstone & Haddon’s (2011) research shows that 7% of 11 to 16 year olds have had others use their password and 1% of this age group has lost money to being cheated on the Internet. While 1% does sound somewhat insignificant, by extrapolation this would amount to $250 million in theft, based upon the above $25 billion annual expenditures.

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