E-Business Systems: Risk Management Portfolio COIT20250, 2018

This e-business portfolio provides an overview of risk management in the context of e-business, covering topics such as online business operations, administrative transactions, and information exchange using ICT. It discusses risk management measures, including assessing potential dangers and monitoring loss potential, and identifies different types of e-business like B2B, B2C, and mBusiness. The portfolio outlines various risks in e-business, including operational, payment, and legal risks, and addresses specific vulnerabilities related to email, fax, and website sales. It further explores the process of risk management, potential exposures to loss, and emphasizes the importance of developing incident response plans and communication strategies to ensure business continuity. The document concludes by highlighting the need for online risk control and data protection, referencing several academic articles on related topics such as business model innovation, energy justice, and cloud computing risks.

E- Business
In E-business, Company and the world the is outside
perform
 Online form of business
 Administrative transaction
 Exchange of information
All this execution is done using ICT for E-business

Risk Management
• Risk Management measure or assess the
potential or actual dangers for the particular
situation.
• It monitors and address the loss potential

Types of E-Business
 Texting, fax, Email
 Business to Business(B2B), Business to
Consumer(B2C) of buying and selling
 mBusiness, a mobile business for communication
through the use of technology

Type of risk in E-business
• Operational Risk
• Payment Risk
• Legal Risk
• Email
• Fax
• Website sales for products and services
• Self or other Website advertising

Operational Risk
Risk occur due to failure and inadequate internal processes,
system and people from the external events.
 Risks that are include
 Internal Fraud
 External Fraud
 Physical Assets Damage

Payment Risk
 Uncertainty risk to meet the ability to counter part
It include: Interbank Transactions
Transaction through credit card
Mobile Payment
Paypal

Legal Risk
The Legal risk deals with the legal
problems focusing on counterpart risk.

Email
 Spam and multi-layered malware
 Secure encryption and messaging
 Data leak
 File sharing

Approach made to identify risk

Process of Risk Management in E-Business

E- Business Exposure to Loss
• Transmit Virus
• Data Loss
• Money loss with service interruption
• Fraudulent transaction through credit card
• Intellectual Property Infringement
• Hacker accesses system