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E-commerce risks

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by opeyemi32

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E-commerce, as any other form of commerce, depends on the existence of a level of trust between two parties. There internet presents a challenge between the buyer and seller. The challenges are proving the buyer that the seller is who they say they are, proving to the buyer that their personal information, such as credit card numners, remains confidential.

The following are some of the most importants elements at risk:

a. Confidentiality
b. Integrity
c. Availability
d. Authentication and non-repudiation
e. Poer shift to customers

The business world is going E-commerce, the risks associated with it must be strictly addressed by the It specialist.

This is an open discussion which I would like members to join.

opeyemi32

2 replies

by luyasu

So, how will businesses overcome this hurdle?
True, the points are valid but I do feel that information and communication technologies are available to remove these barriers. Though, customers must be better informed and not misled.

TSP

by oldefar

I see these risks as no different than the risks businesses and consumers have always faced. E-commerce only changes the part ICT plays, and I do not believe that significance is as large as perceived.

Most of the e-commerce risks actually are related to the wide spread use of checks, credit, and debit cards versus cash. The issues began in 1960's. The how and where a transaction occurs only impacts a few unique aspects, and only requires a change in method versus a change in objective based on these variances.

Those of us with more than a couple years in the industry can think back to when checks had a low acceptance, to when burning carbons from our credit card receipts was routine, to when forgetting to take our receipt was a cause for personal crisis. Businesses worried about bouncing checks, and the risk of transporting transaction records to their bank. A theft of the paperwork could make front page news.

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