Philips Electronics in Retail

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Philips Electronic the number 7th retailer in electronics sells throughout the world has been an integral part in the emergence of electronics. In 1891 Philips was established by Gerard and his father Frederik Philips in Eindhoven, Netherlands. Four years later, in 1895 brother Anton Philips join the company. The company first produce light bulbs, becoming one of the largest manufactures of this product. In 1914, the company develop and produced products for the X-ray and radio technology industries. As years pursued the company developed Television and electric shavers between 1925- 1940. Other products develop were the CD and DVD .
As development continues in the 21st century the company focusses some of its strength in healthcare, lifestyle and technology. The company’s mission is to improve people’s lives through meaningful innovation. In 2006 the company sold 80% of its semi-conductor business to a group of private equity partners. The company further branch its business into three categories Healthcare, Lighting and customer lifestyle ("Philips - Heritage", n.d., para.10).
A company such as Philips, housed enormous amounts of customer data on network and data warehouses. These databases shared information with other division of the company all over the world. From purchases, warranty and credit card data. The motivation to steal this type of information is foreseeable over the World Wide Web. Cyber Criminals seize these opportunities when looking for vulnerabilities in an company network.
Cyber criminals are highly intelligent individuals ranging from young-adults to adults criminal organization throughout the world. The organizations used the services of computer hackers to do their bidding. The foresee...

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...- Seattle News - City
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Changer for How Companies Disclose Risks of Cyb. Retrieved February 27, 2014, from https://www.privacyassociation.org/publications/2013_01_22_the_secs_cybersecurity_gu idelines_a_potential_game_changer_for

Walter, M. (2003). Philips, Sony preparing joint DRM solution. Seybold Report: Analyzing
Publishing Technologies, 3 (18), 19.

Worth, D. (2012, February). V3.co.uk. Retrieved February 2014, from http://www.v3.co.uk/v3-
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