Pros and Con E Commerce Essay - 3852 Words

Pros and Cons of E-Commerce â€Å"The web is the ultimate customer empowering environment. He or She who clicks the mouse gets to decide everything. It is so easy to go elsewhere; all the competitors in the world are but a mouse click away.† Jacob Nielsen, Designing Web Usability. There are many Pros and Cons when it comes to e- commerce. The use of the internet e commerce has grown drastically in recent years. E commerce is the buying and selling of goods and services on the internet. Even though there are tangible privacy and security issues that keep people on guard, consumers face a dilemma each time they need to divulge highly personal information online, the ability to provide secure shopping transaction via the internet and†¦show more content†¦One of the worst problems for consumers is unauthorized access to their financial information. Criminals are able to access this information and steal their identity and steal their money and open up credit card accounts. Phishing is anot her security risk where criminals send emails messages to consumers in reference to online stores and banking. E-commerce services are driven by money and attract hackers trying to find some kind of loophole to steal bits of information from the company or the individual. The email looks real to the consumer and when the consumer reacts to the email and input their information there account is hacked. Data theft has increased 33% in 2010 according to the Identity Theft Resource Center, â€Å"Corporations are not yet taking identity theft and data breach seriously enough to properly train their employees, executives, and board on the BOTTOM-LINE DESTRUCTION caused by data breach.† The survey goes on to state â€Å"According to the same study, the average cost for a business to recover from a data breach is $6.75 Million. The average cost to implement identity theft, social engineering and data breach training? In most cases, less than $50,000. What is E-Commerce? David Burt â€Å"states that â€Å"E-Commerce is an enabler, not a replacement for the essential human aspect of buyer-supplier relationship.† E-Commerce allows companies to conduct business on theShow MoreRelatedEssay on Pros and Cons of E-Commerce556 Words   |  3 Pages Pros and Cons of E-Commerce nbsp;nbsp;nbsp;nbsp;nbsp;Electronic commerce or e-commerce involves the buying and selling of products or services over the internet. Put simply, e-commerce means conducting business online. E-commerce software programs run the main functions of an e-commerce web site, including product display, online ordering, and inventory management. This software resides on a commerce server and works in conjunction with online payment systems to process payments. 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