Assignment on Security and Issues in E-commerce

Running head: E-COMMERECE AND MARKETING
E-Commerce and Marketing
Name of the Student
Name of the University
Author Notes

1E-COMMERECE AND MARKETING
Table of Contents
Security and Fraud issues faced by eBusiness.................................................................................2
Mitigation Plan to deal with security and Fraud issues in eBusiness..............................................4
Ethical and legal issues in eBusiness...............................................................................................6
Ways to deal with ethical and legal issues in eBusiness.................................................................8
Conclusion.......................................................................................................................................9
Reference.......................................................................................................................................10

2E-COMMERECE AND MARKETING
Introduction
The aim of the current assignment is to highlight upon all types of security and fraud
issues that can be encountered by Clicktowear.com, which is an e-business stores that offers all
types of clothing and apparels. It is relevant to mention that security and fraud issues are one of
the major concerns for all types of e-business organization. This is also currently one of the
major weak points of all E-Commerce business. In the current age there is a massive increase in
the volume of trade that occurs through online digital process. Huge amount of funds and
business information are passed through online process, which increases the security risk of
fraud transaction and data breach.
One of other drawbacks of the e-Commerce is associated with the ethical and legal
guidelines that are associated with entire business. Every business organizations like
Clicktowear.com need to follow new ethical and legal protocols in order to carry out their E-
Commerce business. The current report will aim to provide mitigation plan that will help
Clicktowear.com and other business firms to deal with the issues related to security, fraud and
ethical matters. This will help to increase the popularity of e-business and improve over their
brand reputation.
Security and Fraud issues faced by eBusiness
As the popularity of e, business or eCommerce have risen significantly in the current age,
more number of business transactions are occurring with the help of digital process. The business
organization of e commerce section is entirely dependent upon web service and technological
infrastructure to carry out on business transaction process. Taylor et al. (2014), have highlighted
upon the malicious software that is a major security issue that is associated with Internet

3E-COMMERECE AND MARKETING
technology. There have been several reported cases related to Malware function that have
resulted in business Data loss about information related to financial transaction. According to the
report of Hashizume et al. (2013), all over the world wide Nearly 2 billion dollar is lost each year
due to security fraud cases in eBusiness transactions.
There are also several cases related to design of software bug that have the potential to
hack information related to business transaction. The software bugs result in various types of
errors that occur in a business website. Major security issues like site crash can also allow the
hackers to steal away valuable information, thereby increasing the risk of financial loss for both
the customers and business organization. This is possible due to the fact that hackers can have
easy access to the information related to bank account details and credit card of the users.
Laudon and Traver (2013), have mentioned in this context that most of the trade related
to e-business is associated with excessive use of Internet that can increase the risk of physical
data theft. In many cases the E-commerce website keep Backup storage information that is
necessary in emergency cases of data loss. This can also increase the risk of security due to the
fact that it is easily possible for the cyber criminals to access the backup information.
Major E-Commerce business is dependent on wireless Internet Communication
Technology. This can also be a major risk due to the fact that there is a high probability that
outsiders can also connect with the wireless devices and get access to classified information of
business strategies. In spite of security password there is highest that the wired communication
devices are easily accessible to outside cyber criminals (Singhal et al. 2013).
For large scale business organization like Clicktowear.com, has to form business
partnership with various other third party organizations. It is important to note that verifying The