E-business and E-commerce | Report

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Added on 2020-04-01

E-business and E-commerce | Report

Added on 2020-04-01

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E-business and E-commerceMarky G’s

Table of ContentsIntroduction...........................................................................................................................................1Fraud and potential issues faced by Marky G’s.....................................................................................1Ways to protect Marky G’s from potential threat and frauds:..............................................................3Ethical issues faced by Marky G’s:.........................................................................................................6Legal issues faced by Marky G’s:...........................................................................................................7Solving ethical issues:............................................................................................................................9Solving legal issues:.............................................................................................................................10Conclusion:..........................................................................................................................................11References:..........................................................................................................................................12

IntroductionOnline transactions are susceptible to many risks. The meaning of risk is the vision of any misfortune or loss that can occur in e-business. The risk may lead to loss of financial, goodwill and mental wealth of company. The following report is going to analyse about the various potential risk and fraud which has to be faced by Marky G’s during online business. It also analysing about the various possible solution to mitigate the risk and frauds of e-business (Cavusgil, et al., 2014). The second part of the report analyses about the legal and ethical issues which Marky G’s is facing in the market. And it also analyses the various possible solution to remove these issues in e-business of Marky G’s. Fraud and potential issues faced by Marky G’sSecurity AwarenessThe biggest threat faced by e-commerce companies are insecurity of financial transaction andloss of privacy of customers. Privacy has become the more serious concern for the company as well as government. According to the report by U.S major issues are faced due to credit and debit card transactions. In this, the user's information is leaked while transaction (Grant, et al., 2014).In any e-commerce company, the issues like data integrity, client and customer verification and non-revocation are problems to the achievement of any online business. Data integrity is the affirmation that information transmitted is reliable and accurate meaning that it has not been altered or adjusted at all amid transmission (Ruch & Sackmann, 2012). The risk of transmission of sensitive data is also increased when customers complete the online transaction.

Network issues: All networks possess own security concerns primarily due to the reason that maximum networks are reliant on further private networks which are possessed and administered by the third party and on a public-shared structure where the company has lessercontrol and knowledge about the applied security actions (Zhang, et al., 2012). One of the greatest worrying safety issues faced by e-business is at times when a hacker introduces a denial of service attack. This attack is considered by an explicit effort by hackers to stop users from using an e-business structure. Technical attacks: Technical attacks are the crucial challenges which e-commerce companies are facing regularly main issues in technical attacks are:Denial of service attacks: These attacks comprise of crushing a server, a network or a websitein the request to paralyze its ordinary movement (Liu, Cao & He, 2011). Safeguarding against DoS assaults is a standout amongst the most difficult security issues on the Internet today. A noteworthy trouble in obstructing this attack is to follow the wellspring of the assault, as they regularly utilize wrong or spoofed IP source delivers to mask the genuine starting point of the attack. Brute force attack: A brute drive attack is a technique for crushing a cryptographic plan by attempting a substantial number of potential outcomes; for instance, an immense number of the conceivable keys in a space keeping in mind the end goal to decrypt a message. Brute Force Attacks, although saw to be low-tech in nature are not an artefact of days gone by. In May 2007 the web foundation in Estonia was disabled by numerous managed animal power attacks against government and business organizations in the nation. Software development issues:

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