P3: Explain the potential risks to an organization of committing to an e-commerce system
Risks
1. Hacking
In computer interacting, hacking is any technical effort to operate the normal performance of network links and connected systems. A hacker is any person engaged in hacking. Today, however, hacking and hackers are most commonly associated with malicious programming attacks on the Internet and other networks. Hacking can lead to theft of important information which can be sold to other competitors. References: globalriskinsights.com
2. Viruses
Viruses and worms spread across computers and networks by making copies of themselves, usually without the knowledge of the computer user. Risks can also come from popular social networking sites. …show more content…
Legislation Key points Purpose
Electronic Transaction Act 2000 Provides reliable and trustworthy services to people
Provides Internet Intellectual Property Rights protection, consumer protection legislation, and personal data protection. It provides the suitable legal structure to facilitate electronic transactions and communications and it give a new direction to the traditional way of doing e-commerce.
It also provides for the legal gratitude and regulation of electronic records, electronic signatures and their security on an e-commerce websites.
Data Protection Act 2004 Personal data should be processed fairly and lawfully
Data must be accessible to the individual and able to be corrected or removed where necessary
Data should be used for limited purposes, that is only data which is needed may be used It provides for the protection of the confidentiality rights of individuals in view of the developments in the techniques used to capture, transmit and manipulate, record or store data in an e-commerce …show more content…
Some of the implications are as follows:
• Changing customer perspective
This includes how internet shopping has provided additional charge to customers as they can buy products from anywhere in the world and can compare prices in the worldwide marketplace to get the best deals and find the best products.
• Economic and social impact due to speed of changes
Society has been impacted by e-Commerce sites and the speed at which things change online. Many products become available online before they do in high street stores and many people use sites such as Amazon to pre-order the latest and greatest tech gadgets so that they have them as soon as they are released.
• Bricks and clicks (integrating high street and online presence)
The presence of online and high street presence gives shoppers both options and means that some consumers are more confident in the fact that they can go to the shop to return items that they have bought online. Some individuals will be more trusting of a retailer that has a high street and online presence due to the fact that they have the option to visit the physical store and try before they buy with more expensive items and order smaller items
Risks
1. Hacking
In computer interacting, hacking is any technical effort to operate the normal performance of network links and connected systems. A hacker is any person engaged in hacking. Today, however, hacking and hackers are most commonly associated with malicious programming attacks on the Internet and other networks. Hacking can lead to theft of important information which can be sold to other competitors. References: globalriskinsights.com
2. Viruses
Viruses and worms spread across computers and networks by making copies of themselves, usually without the knowledge of the computer user. Risks can also come from popular social networking sites. …show more content…
Legislation Key points Purpose
Electronic Transaction Act 2000 Provides reliable and trustworthy services to people
Provides Internet Intellectual Property Rights protection, consumer protection legislation, and personal data protection. It provides the suitable legal structure to facilitate electronic transactions and communications and it give a new direction to the traditional way of doing e-commerce.
It also provides for the legal gratitude and regulation of electronic records, electronic signatures and their security on an e-commerce websites.
Data Protection Act 2004 Personal data should be processed fairly and lawfully
Data must be accessible to the individual and able to be corrected or removed where necessary
Data should be used for limited purposes, that is only data which is needed may be used It provides for the protection of the confidentiality rights of individuals in view of the developments in the techniques used to capture, transmit and manipulate, record or store data in an e-commerce …show more content…
Some of the implications are as follows:
• Changing customer perspective
This includes how internet shopping has provided additional charge to customers as they can buy products from anywhere in the world and can compare prices in the worldwide marketplace to get the best deals and find the best products.
• Economic and social impact due to speed of changes
Society has been impacted by e-Commerce sites and the speed at which things change online. Many products become available online before they do in high street stores and many people use sites such as Amazon to pre-order the latest and greatest tech gadgets so that they have them as soon as they are released.
• Bricks and clicks (integrating high street and online presence)
The presence of online and high street presence gives shoppers both options and means that some consumers are more confident in the fact that they can go to the shop to return items that they have bought online. Some individuals will be more trusting of a retailer that has a high street and online presence due to the fact that they have the option to visit the physical store and try before they buy with more expensive items and order smaller items