Employees’ privacy rights being violated

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1- Does the network administrator have the right to use packet sniffers on the business network? Are employees’ privacy rights being violated?

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Employees` privacy rights being violated

Computer-network administrators have used packet sniffers for years to monitor their networks and perform diagnostic tests or troubleshoot problems. Essentially, a packet sniffer is a program that can see all of the information passing over the network it is connected to. As data streams back and forth on the network, the program looks at, or ‘sniffs,” each packet. A packet is a part of a message that has been broken up. However, the privacy rights are being violated in the current times primarily in the workplace through the use of packet sniffers. The monitoring of the employee`s activities is also termed as a violation of their rights since the employees are unaware of the packet sniffers.

Crowdfunding is now a global phenomenon and has proven to be effective in different sectors of the market. It has become inter alia a mechanism to garner funds or a financing mechanism for start-ups and small and medium sized enterprises (SMEs). In India, however, crowdfunding is still at a nascent stage. There exists no legal framework to address the problems that are presented as a result of this new funding mechanism. In light of the current government’s policies to encourage the development of start-ups and the proactive role being taken by the Securities and Exchange Board of India (SEBI) to help start-ups and SMEs to acquire funds from capital markets, it is imperative to understand thoroughly this new financing mechanism, by contrasting it with the existing capital funding routes. SMEs historically rely on traditional financing, particularly bank lending, and bank loans are more likely to be given in full to the largest companies. Despite trends predicted by analysts, the crowdfunding industry has been sustaining exponential growth: equity crowdfunding in Europe grew by 116% between 2012 and 2014 and the reward-based version grew by 127%. Thus, the business model demands attention and introspection. It becomes imperative to determine whether crowdfunding is feasible to the Indian economic market, it is essential to understand and analyse the pros and cons of this mechanism and assess its viability.

3.1 Capital Financing

Capital financing is a broad term which refers to methods of infusing capital into the business for funding various activities or expenses of the business. For a new business, the importance of raising capital is crucial, since it may need working capital, inventory, a plant, equipment, or various other machinery essential for the running of the business. Similarly, existing businesses also may need capital for expansion or modernization. Thus, it becomes imperative to understand the various routes through which capital is raised by businesses.

Some of the traditional routes adopted by companies to garner capital are as such:

• Debt Financing

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