Digital economy: A paradise or threat in the new norm?

Beh, Loo See (2019) Digital economy: A paradise or threat in the new norm? In: 4th Asia-Pacific Public Policy Network Conference (AP-PPN 2019), 8-9 March 2019, Hong Kong University of Science and Technology, Hong Kong, China.

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Abstract

The digital economy is exponentially expanding into every aspect of our lives and industries with sensors, mobile, cloud and big data. This work-in-progress paper will be discussed in 2 parts. Part One will examine the digital firms, fintechs that leverage their capability and large customer base in the digital financial services that include Grab and GoJek and the associated services of digital wallets in Malaysia and neighbouring countries who are “enablers” in the digital economy or “disrupters” in a conventional economy with the growing pool of tech-savvy consumers and rising tide of digital economy and underpinning consumption. In Part Two, can the digital economy protect the safety, security and privacy of its customers and citizenry? Herein lies the problem – disruptive digital technology, cyberattacks, compromising data breach committed by hackers and fraudsters that could lead to cybercriminals and associated activities of identity theft and so forth. How does the government keep pace with the rapid change and continuing digital disruption in compliance within the legal requirement as innovation is exponentially experienced? This paper will illustrate the security condition of the digital economy risks and the preparedness in facing them as both business and personal risks in Malaysia and global comparison, wherein possible, including existing policies in reinforcing defense in the new norm.

Item Type: Conference or Workshop Item (Paper)
Additional Information: Conference paper
Uncontrolled Keywords: Digital economy; industries; customers; innovation; data breach
Subjects: H Social Sciences > HC Economic History and Conditions
T Technology > T Technology (General)
Divisions: Faculty of Economics & Administration
Depositing User: Mr. Mohd Safri
Date Deposited: 16 Apr 2019 03:56
Last Modified: 16 Apr 2019 03:56
URI: http://eprints.um.edu.my/id/eprint/20770

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