User:Maharaja sk/sandbox

Threats of E Business

Now a days, E business is becoming a very popular way of trading among various business firms. But, as much it is beneficial as it is unsafe for doing business. There are various security problems of e business or e commerce which can be broadly discussed in following three categories: 1. TRANSACTIONAL RISK The common transactional risks of            online are: (a) Default on order taking or giving :￼ seller may deny that customer ever placed the order (b) Default on delivery : sometimes goods be delivered at wrong address all goods other than order may also be delivered

(c) Default on payment : sometimes the seller not get the payment for the goods  supplied whereas the customer claims that payment was made

To overcome this problems the seller must confirm that customer has entered the correct  information from the cookies. cookies are just like seller ID  in Telephone which provide information  like customer's name, address,  previous purchase record etc

Customer can also protect himself by shopping from well established website only. Some advertisers also assure customer' s regarding seller's identity, sale, record, location etc. Sites such as e-Bay even provide the rating of seller. To protect payment following steps can be taken

(1) credit card authentication: this process  ensures that the credit card number provided by customer is a valid one

(2) Credit card authorisation: this system checks whether funds are available in the credit card account of the customer or not

(3) Settlement :once the product is dispatched or delivered the bank will release the funds and transfer them to business mans bank account

DATA STORAGE RISK

valid information can be stolen or modified to pursue selfish motives or just for fun. The common storage risks are:

Virus (virtual information under Seize) : some of the computer viruses are deadly. They clean up all the information stored in the Computer memory. The viruses can enter the computer through email or disc or floppies. Viruses hamper the functioning of business. Viruses bring the things to a standstill, causing huge loss of revenue and employee time.

Hacking: hacking refers to unauthorised entry into a website. Hackers of and destroy the data and information which causes use losses to the owner because it would interrupt the business transactions this problem can be solved by setting up special crime cell the government has set up a special crime cell to look into the crimes committed by the hackers and take necessary action against the criminals encryption it refers to converting the message into a code so that the unauthorised person may not understand it digital signature under this method accorded Digital Certificate is issued by certification authority this will help in checking the identity of the sender risk of treat to intellectual property and privacy Internet is an open space it becomes very difficult to keep the information secret that I can be supplied to others who may misuse the information

Seller may deny that customer ever placed the orde (b) r