Skip to main content

What are the Security and Safety of Business Transactions? Class 11 Business Studies

What are the Security and Safety of Business Transactions? Class 11 Business Studies

Security and Safety of Business Transactions


E-commerce-related security issues

E-commerce has had certain issues that put the security and safety of business transactions in jeopardy. The following are the most significant issues:

1. Transactional Risk: The following are some of the most typical internet transactional risks:



A) Order default - A merchant may claim that the consumer never placed the order.

B) Defective delivery — Sometimes, things are delivered to the wrong address or to the buyer with goods that were not requested.

C) Payment default — Sometimes the seller does not receive payment for the items provided, despite the fact that the consumer states that payment was made.

To avoid these issues, the vendor must ensure that the buyer has submitted the necessary cookie information. Cookies are similar to caller ID on the phone in that they provide information such as the customer's name, address, past purchase history, and so on. Customers can also safeguard themselves by only shopping on well-known websites.

2. Risks of Data Storage and Transactions– Critical information saved in the system can be stolen or modified for nefarious purposes. The following are the hazards associated with data storage:
(A)Virus (Vital Information Under Seize)– Computer viruses can be fatal. They have the ability to delete all data from the computer's memory. Viruses can infect your computer via email, disc, or USB drive. Viruses put everything to a halt, costing the company a significant amount of time and money.


3. The Risk of Threat Intellectual Property and Privacy.
Other online vendors may copy the information provided via the internet (during online transactions) and begin sending promotional messages to the customer's email box.

Read more 


Comments

Popular posts from this blog

Last Minute Tips to Crack SSC CGL 2019-20 (Tier-I) Exam

Last-Minute Tips to Crack SSC CGL 2019-20 (Tier-I) Exam 1. Don’t read any new topic at the last moment · Try to avoid studying any new topic at the last moment. Just revise what you have already studied. 2. Don’t forget your Admit Card, Photograph and ID Proof · Take a print out of your admit card and original photo identity proof, 1 photo and photocopy of the ID proof. Reach the examination center before time to avoid any last-minute trouble. 3. Maintain your Speed & Accuracy and Maximize your Score · Speed and Accuracy are two important factors to crack any competitive exam. Speed will help in maximizing the attempts while accuracy will ensure that you don’t end up losing marks as the negative marking of 0.5 marks for wrong answers is there. 4. Attempt according to the strategy you followed in the mock tests · Make sure you attempt the easier section first. The exam should be attempted with the same strategy you fol...

Online cbse coaching class for 11 Mathematics

Online cbse Class 11 maths : Online coaching classes for 11 maths  and for other subjects. We are here to solve students problem instantly, So that they can improve himself/herself. One to One Correspondence and Equivalent Sets Suppose the members of the family are dinning and plates are prepared on the table then there is a One to one correspondence between the set of family members and the plates prepared. We will indicate this correspondence by the symbol If each element of a set A is associated with one and only one element of a set B and each element of B is associated with one and only one element of set A, then the sets A and B are said to be in one to one correspondence. If both the sets are finite and if they are in one to one correspondence, it is obvious that they have the same number of elements. If two sets have the same number of elements, they are said to be equivalent sets. Using symbol, we write A B. Between two equivalent sets, a one to one corr...

Digital marketing course online and class

Digital marketing course online and class Students and professionals, both are searching for the  digital marketing courses . Generally, the problem occurs in selecting the best  digital marketing course  is – as students and professionals, both have different requirements. Few search for a regular course, some want an additional qualification, or just to improve their skills. On the other hand, every institute has its own pros and cons, learner requirements are not easily matched with the institute’s pattern and regulations. So, they are willing to join some online course as they can learn anytime and anywhere. In India, another challenge is language. Like in North India, Majority of students understands Hindi and they want to do a digital marketing course in Hindi. Finding a good trainer who can teach you in Hindi is very difficult. But this type of course, practical knowledge and getting answers to questions, from a trainer is not so easy. Continue .... ...