Critical Evaluation of Relevant Issues in E - Commerce

Critical Evaluation of Relevant Issues in E – Commerce E-commerce is short form of Electronic Commerce which actually means the virtual business or buying and selling of products or services over electronic systems such as the internet and or mobile networks. The invention of faster internet connectivity and powerful online tools has resulted in this new method of trading or commerce arena – Ecommerce. Ecommerce offered many advantages to companies and customers but it also caused many problems. It is a fact that even today many people are skeptical about using online transaction for the fear of either goofing up or being duped! Nowadays E-Commerce is the buzz word on everyone’s lips be it the buyers or the sellers. Even education is†¦show more content†¦This is not always the case as many emails get through that con many people out of money and other worldly goods. An example of conning that is very common today is a mail arriving in the mailbox stating that a very large sum of money is yours for taking. All you have to do is claim it by proving your identity and giving your bank details. When an unsuspecting, gullible person does gives his bank details these are used to fraudulently withdraw money from the victims account. We could call it virtual robbery! There are many forms of e-commerce but the most popular ones are known as digital content such as individuals going online to purchase books or clothing. Anything imaginable can be purchase through the internet. Everything from cars to groceries to CDs to clothing to laptops/mobile phones/ accessories, etc. Other things that can be done online are things like online banking, online bill payments, buying stocks, completing wire transfers and transferring funds from bank to bank and account to account. Large companies also do the same transactions but in larger forms. It is just amazing how the e-commerce industry has grown since the 1970s. Now people go without visiting their banks for months together because almost anything can be done online like fund transfer; making a fixed deposit, opening accounts even! With the growth of ecommerce via the Internet there is growing awareness both among the buyers and theShow MoreRelatedEssay on Internet and a Business Information Security1617 Words   |  7 PagesEnsuring the security of a businesses’ information and assets is a critical part of a company’s success. The many facets of the World Wide Web have made protecting data a critical function for companies world-wide. Companies owe it to their customers to maintain proper security regarding sensitive information obtained when processing services or storing sensitive data. 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