The first chapter aims at defining a “big picture” of contemporary business and business computing. Business pressures and business risks are explored in order to identify the main factors affecting the functioning of modern organizations in the Internet era. IT-related risks are identified as well, showing some sort of paradox in today’s e-business and e-economy era: information technologies are used in order to provide answers to several types of business pressures and reduce the risks, however, in the same time, IT can be a risk by itself, if not implemented and/or managed properly.