Global dependency on the electronic network is reflected by the tremendous amount of money that moves through its complex maze. For example, in 1994 network alone recorded some US $2.3 trillion in daily transactions! These includes television broadcasts, telephone calls, fax transmissions and electronic mails around the globe. The effect of electronic communication and the way in which it has altered, the lives of people all over the world has not stopped. Rapid technological advancements continue to enhance and influence business activities and general lifestyles on different continents. In Singapore, children use cellular phones to keep in contact with their parents while they are out and about, Australian aborigines make up of video conferencing to sell their works of arts, and in Europe, the convenience of electronic directory has been exploited to select say. A number of banks are also encouraging clients to conduct their transactions via the internet while here in the Philippines, it is not unusual for managers to direct staff meetings using handy laptops or wireless phones when stuck in traffic.
