The main concern with electronic payment is the level of security during each step of the transaction. For if there is the slightest possibility the payment sys... ... middle of paper ... ...t. It also prevents viruses and other malicious attacks at the gateway and furthermore, notifies users if any foul intrusions are detected. Detailed login and accounting information is also noted to give notification on all the communication attempts within the system. As e-commerce continues to grow internet security and privacy becomes more and more of a challenge in the forseeable future. People are still concerned about giving their information online.
The challenges for the security industry are growing. With the electronic commerce spreading over the Internet, there are issues such as nonrepudiation to be solved. Financial institutions will have both technical concerns, such as the security of a credit card number or banking information, and legal concerns for holding individuals responsible for their actions such as their purchases or sales over the Internet. Issuance and management of encryption keys for millions of users will pose a new type of challenge. While some technologies have been developed, only an industry-wide effort and cooperation can minimize risks and ensure privacy for users, data confidentiality for the financial institutions, and nonrepudiation for electronic commerce.
Online customers also have much more interactive and complex relationships with online businesses than they do with traditional companies. This is because Internet technologies enable companies to build Web sites that can be customized to meet the specific needs of their B2B or B2C customers (Schneider, 2004). Online businesses can use this property of the online environment to manage the legal and ethical requirements of both business and consumer clientele. Ethics Ethics are especially important in the B2B framework because businesses selling to other businesses treat their customers more as partners and rely on reciprocal information sharing for developing mutually beneficial partnerships (Pepper, 2004). Because the relationship is more extensive, every time there is an exchange of information or data, it must be meticulously tracked and labeled as general business or confidential as appropriate (Dada, 2004).
The innovation and expansion of Internet utilization, experts scholarly and business are depending on electronic assets for data, examination and information. The Internet gives a distinct access to an ocean of data, information, and learning; in addition, this endless measure of data is accessible in a matter of seconds, instead of hours or days. The simple entry, accessibility, up-to-the-second auspiciousness, and inconceivability of online assets is bringing about numerous experts, on the other hand, to renounce the utilization of print sources. Online assets are advantageous to lead insightful examination and 'may be helpful, however they have weaknesses that make print sources important for submitting amazing assignments' (Dilevko & Gottieb, 2002). Summary The Center for the Digital Future's 2005 report found that 'around clients 17 and more seasoned, 56.3 percent think about the Internet to be an exceptionally vital or greatly significant wellspring of data for them' (p. 4).
E-commerce security threats and technology solution dimensions consist of integrity, authenticity, confidentiality, privacy, availability, etc. (Laudon & Traver, 2012, p.268). The internet can serve as a very useful tool or it can be a tool manipulated to perform unethical actions. Its function as tool all depends on what the user and what they intend to do with the information they download, view or share. Many analysts trace the increase in the number of issues faced by consumers today to the internet.
Introduction With the widespread use of the internet, networked applications have expanded to provide many services that a few years ago would have seemed impractical or futuristic. Among them are applications that allow you to find your perfect date, to file your taxes online, rent movies or even to send away gifts you don’t like. With the proliferation of the internet the demand for programs that use information in more complicated and advanced ways has risen. Commercial entities have come forward to fulfill this demand, and the internet has become the center for many applications driven by information. As information use and sharing among applications becomes more desirable we have seen the downside of sensitive information being accessible to entities for which it was not intended.
With every clock of the mouse on a hyperlink, or an addition to the mailing list, someone out there might be gathering information about us. This raises the seriousness of privacy of our information on the Internet. In recent times we might consider that the right for privacy in one of our major achievements in our society. Unfortunately the same does not apply for the Internet. The Internet once considered a place for free information exchange and sharing, has the potential has becoming the biggest threat to its users.
The vast amount of data circulating on the Internet is both a blessing and a curse. Information is so freely available that with each new innovation, it seems as if privacy is slowly fading away. With such sensitive data being exchanged so frequently, not only should online privacy be a corporate social responsibility for companies with an online presence, but it should also be an ethical responsibility for the consumers. Companies must do more to protect the information of their customers in order to maintain credibility and ethical soundness. The business model of any company with an online presence must treat the protection of customer information with high priority.
Counseling services via the Internet may be the only way to attaining counseling if the customer or counselor is in a distant area a long way from normal services. Other customers or counselors may select to form a... ... middle of paper ... ...oral features on this development. While we believe that there are moral and practical complexities in establishing this kind of relation via the Internet. We conclude that the professional counseling entities want to address this topic and if essential to adapt their codes of conduct to help to make sure those potential and actual clients or customers are not exploited. Works Cited Bloom, J.W.
Another thing global companies need to take into consideration is costs between countries and currencies as exchange rates can change dramatically, either reducing or increasing costs. While the main benefit of using the internet for value systems and supply chain management globally is communications, it also provides a number of new avenues for business owners to advertise and sell their product such as online stores (Amazon) and auctions (Ebay). This provides many companies the option to cut out steps from manufacturer to consumer thereby increasing profits.