Risk Management Assignment | Risk Mitigation Plan

MITIGATION PLAN 1
Assessment Item 3 – Mitigation Plan
Student’s Name
Course ID
University
Date
Student’s Name Student ID

MITIGATION PLAN 2
Executive Summary
The management of an e-commerce business needs to understand the security and fraud
issues that are faced by the e-commerce businesses in the recent times. As the operations of the
firm is totally based on online platform, the vulnerability to security risk increases due to the
increase in hacking and information theft. It is important for the management of Style Icon to
consider the security and fraud issues to develop an adequate risk mitigation plan. Additionally,
the management of an e-commerce firm must take care of several ethical and legal requirements
in order to keep the firm safe from legal obligations and uncertainties during the course of
operations.
Student’s Name Student ID

MITIGATION PLAN 3
Table of Contents
Introduction......................................................................................................................................4
Security and Fraud Issues................................................................................................................4
Mitigation Plan for security and fraud issues..................................................................................7
Ethical and Legal Issues................................................................................................................12
Solutions for addressing the ethical and legal issues.....................................................................13
Conclusion.....................................................................................................................................15
References......................................................................................................................................17
Student’s Name Student ID

MITIGATION PLAN 4
Introduction
E-commerce business set up requires fulfilling of a number of criteria protecting rights of
the buyers and target demographics. In this particular report, the major issues and challenges of
setting up the E-commerce business of a clothing retailer, Style Icon, have been discussed. In the
meanwhile, the potential security and fraud issues associated to the eBusiness have been
elaborated. Identification of the security and fraud related threats in E-commerce business will be
evident to develop a risk mitigation plan describing the methods to counter the potential security
concerns and online frauds (Anandarajan and Simmers, 2012).
By conducting the risk analysis associated to the eBusiness of Style Icon, an effective
mitigation plan has been developed to protect the business as well as the customers from
potential online threats and fraud issues (Hinde, 2015). Furthermore, the report has described the
potential ethical and legal challenges attached to the eBusiness of the retail company. In addition,
the study has investigated the key concepts related to the ethical and legal issues that might affect
the proceedings of the E-commerce business of Style Icon. At the end of the report, the process
that can be utilised to solve the ethical and legal issues affecting the eBusiness has been
discussed.
Security and Fraud Issues
The E-commerce business of Style Icon, the retail clothing brand has to deal with a
number of security and fraudulent issues in the online platform. In this particular section of the
report, the most evident security and fraudulent challenges to be faced by the eBusiness have
been analysed as follows:
Student’s Name Student ID