Disadvantages of Social Implications in the IT Industry

• May cause many companies to go out of business like clothes shops and travel agents
• you may be vulnerable to being scammers many people are using online banking 
• your personal information becomes much easier to obtain
• you may be scammed by phishers who remake a bank website and then steal you card details
• many people are also now illegally downloading music and films which has led for high street shops like HMV to shutdown