Legal/Legal Issues

There is a growing number of our personal details that are on the Web and due to that there is a growing community of companies that can save our reputation, that is erase
the negative things about us but for a price.
You can check the following companies that deal with that.

• ReputationDefender: was created to defend you and your family's good name on the Internet. It searches out all information about you and/or your child on the Internet, wherever it may be, and present it to you in a clear report. It destroys at your command, all inaccurate, inappropriate, hurtful, and slanderous information about you and/or your child using our proprietary in-house methodology.
• ClaimID: manages all your personal information in cyberspace. You can provide people searching for you with a real picture of your identity.
• Naymz: helps you promote yourself online positively, using other people's references to vote for you.

The growth in on-line business has increased the need for legal protection to protect businesses and their transactions. Of particular concern is the need to protect global business especially when transactions traverse national boundaries and hence interface with different jurisdictions.
You can check the following current legislation examples that deal with that.

• SoX or Sarbox (Sarbanes Oxley): The legislation came into force in 2002 and introduced major changes to the regulation of financial practice and corporate governance. Named after Senator Paul Sarbanes and Representative Michael Oxley, who were its main architects, it also set a number of deadlines for compliance.
• Basel II: Deals with issues governing the separation of operational risk from that of credit risk and quantifying both, how banks and depository instituitions must handle their capital to ensure the allocation of capital is more risk sensitive and the alignment of economic and regulatory capital more closely to reduce the scope for regulatory arbitration.
• EU Directive on Electronic Signatures: Provides legal provisions regarding the legal admissibility of electronic signatures for example, those used for on-line transactions and other similar pieces of legislation, appear in other parts of the world.
• UK Computer Misuse Act: Deals with criminal activities to criminalise unauthorised access to computer systems.
• International Copyright and Licensing Laws: provide legal measures agaisnt piracy and theft of intellectual property.