This work provides an overview of how the Internet has emerged as an important setting for business, and how doing business on the Internet is regulated by the courts, as well as state and federal government. It offers an understanding of complex legal concepts and terminology to help professionals comply with the law and spot legal issues that may arise. It explains the importance of maintaining the security and privacy of electronic communications, and the need to protect intellectual property rights - such as trademarks, copyrights, and trade secrets in the electronic environment. Moreover, it includes a discussion on the applicable criminal penalties that result from hacking with electronic data.