Here are some of the benefits and limitations of e-commerce. However, although it is mainly a matter of educating people to understand that, making everything as secure as possible at all times is a necessity. Most Downloaded Sample of Management. Details of the customers cannot be shared by the company with any third party. In many cases, customers want to experience the product before purchase. Credit card fraud over the Internet is no different from credit card fraud in the high street.
Major issues are with the selection of the method that is considered to be efficient for improving the security on the online method. The education of consumers is likely to be as daunting as the technical hurdles and will take the resources of the major banking and credit card institutions as well as the continued efforts of e-vendors to achieve. The strategies adopted by the companies differ, but it is necessary to ensure that the right process and steps are followed for introducing the changes within the company. It's the electronic equivalent of a consumer looking for a Visa sign in a shop window, and a shop checking the consumer's signature on the back of a Visa card. Internet has not touched the lives of every common man. All the information is put up in the server in the form of database.
An e-commerce site can be as simple as a catalog page with a phone number or it can range all the way to a real-time credit card processing site where customers can purchase downloadable goods and receive them on the spot. E-commerce means doing business transactions on the Internet using computers or laptops. Also it will be able to access 24 hours a day, 365 days a year. The trends also show us threats like System unavailability and denial of service, power interruptions. Many businesses are using a combination of personal contact enhanced by an online presence to sell items such as high-fashion clothing, antiques, or food Small purchases over the net would actually increase the cost of doing business due to the fact that the company would have to charge more to re-coup the expense of transferring money. It is the way of conducting business online.
On top of eliminating the need for long lines at physical stores, e-commerce sites allow people who are not situated in major urban areas access to stores located remotely. If messages are encrypted, the programs can sniff all they want but won't be able to decrypt the stolen information. Identify of the clients has to be protected as unauthorised access can risk the business goodwill and security system. Such a number is quite similar to the credit card details or numbers that is being provided to the clients for carrying out the individual transactions. Security Factors in E- commerce: 5 3.
E-commerce business house now concentrate on adopting better strategies for securing the business and client information from being hacked or used in an unauthorised manner Bacharach et al. An e-business normally offers the customer no physical proximity to the items purchased until delivery. They then sell this information to cyber criminals, governments and competitors, or they use the information directly. This risk keeps some people from shopping online. Uncertainty and lack of :- most of the companies has never used any electronic means of communication with its customers as the internet is an unknown mode for them. Such lack of trust does not come from nowhere. The tendencies of getting such an attack via log in page are common.
Since these servers and data lines make up the backbone of the Internet, in a broad sense, e- commerce means doing business over interconnected networks. Quick information, secured product delivery system, discounted price for the products, and reliability of the online companies are some of the factors that has contributed towards the increase in the business. Of course, logistics gets tougher as a business grows, but one can scale up its logistics, too, with the choice of the right provider. Since the e-commerce merchant captures contact information in the form of email, sending out automated and customized emails is quite easy. Such factor reduces uncertainty related to the security issues. Thus, differences in culture create obstacles to both the business and the consumers. Make sure you have executive buy-in, vendor support and defined goals.
Conclusion Even if all of the technical elements of e-commerce transaction security are in place there may still be reluctance to enter into e-commerce. It plays a vital role to provide security to the customer information. Consumers would rather avoid the time and excess costs. Security requirements The security system is used for improving the security measure through Facebook and others needs to be improvised. E-commerce also allows your business to scale up easier than physical retailers as they are not bound by physical limitations like inventory storage space. This reduces the possibilities of dispute, which impacts the goodwill and the reputation of the company Guerra, 2001.
The driver has the ability to directly analyse the hard disk and analyse the encrypted data. For business-to-business transactions the trade cycle typically involves the provision of credit with execution preceding settlement whereas in consumer-to-business these two steps are typically co-incident. Online stores must offer customers a secure platform, and you need to provide timely delivery. Secure Electronic Transaction It is a secure protocol developed by MasterCard and Visa in collaboration. Still, using e-commerce successfully means addressing the disadvantages of e business. All of these elements combined give the store a personality and the end users a true shopping experience. As globalization extends its reach over cities and regions, the positions of those places within the emerging global paradigms of regional economies is changing.