E-commerce Research Paper Example | Topics and Well Written Essays - 2500 words

E-commerce - Research Paper ExampleHowever, the key ch tout ensembleenge has been the caper and cosmopolitan security issues this affects both the buyer and the seller. Businesses run the risk of phishing attacks before they can transact any business. This is costly for them as a business, but it is inevitable to nullify further losses in future. The customer is the most vulnerable to fraud and security risks the common security issue is hacking of their credit card. My paper seeks to explore deeper into these problems (fraud and security), effect on e-commerce, and ways of improving the security of the business to both customers and the sellers. The recommendations to be made can be used by authorities to make changes in the trade for its success in the future. 2. LITERATURE REVIEW 2.1 Introduction Since the launch of e-commerce fraud and security issues ar a serious blow in the business, of all other issues that people around the globe know had to put up with, fraud and sec urity issues have dominated. Discussions have previously been held to try and bring a lasting solution but with little success. Of all cyber crimes in the world, fraud accounts for 3% which is a substantial margin compared to other small offences committed by means of internet. Garner Group on the other hand estimated that around 1.06% of the total online transactions are unsound as compared to the 0.6% (Reynolds 2004). Both statistics above translate to a lot of money loss, which affects clients and sellers of goods or services. Effects and impact of security and fraud in e- commerce are worrying, by year 2003, it was estimated that 1.8 billion dollars would be befuddled (Debjan 2005). Once one is a victim of security and fraud in e- commerce, majority dread and their perceptions changed. Many fear that they may lose their money again... Since the introduction of e-commerce fraud and security issues are a serious blow to the business, of all other issues that people around the globe have had to put up with, fraud and security issues have dominated. Discussions have previously been held to try and bring a lasting solution but with little success. Of all cyber crimes in the world, fraud accounts for 3% which is a substantial margin compared to other small offenses committed through the internet. Garner Group, on the other hand, estimated that around 1.06% of the total online transactions are fraudulent as compared to the 0.6% (Reynolds 2004). Both statistics above translate to a lot of money loss, which affects clients and sellers of goods or services. Effects and impact of security and fraud in e- commerce are worrying, by the year 2003, it was estimated that 1.8 billion dollars would be lost (Debjan 2005). Once one is a victim of security and fraud in e- commerce, majority fear, and their perceptions changed. Many fear that they may lose their money again especially if they lost a lot of money previously.Literature review below has the research and view o f people who have done research e-commerce in the past. The literature has a lot of information and data regarding the proposal.E-commerce touches many peoples lives around the globe, a million e-businesses, are registered and operation on the internet, interacting with a billion people both buyers and potential buyers, through trillion interconnected intelligent devices.