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

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.

Class 11 Business Studies notes

Security and Safety of Business Transactions

Comments

Lessons-Worksheets-Question Papers-CBSE Class 2 English

Lessons-Worksheets-Question Papers-CBSE Class 2 English CBSE 2nd Class English – One and Many In this blog, we share the spelling rules used in the concept of One and Many. When there is only one of a naming word (noun), it is said to be a singular noun . When a noun shows more than one, it is said to be in the plural . We can add –S, -es, -ves or ies to show that there is more than one noun. For example, we say many birds, four biscuits, six brushes. But for the students of Class 2 , it’s very difficult and confusing to understand where to use s , es, ves or ies in the form of many. Don’t worry, it looks difficult, but it is very easy as in grammar each concept has a set of rules that need to practice. Noun ending with –s, -x, -o, -sh, -ch, and –ss form plurals by taking –es. Look at these pairs of words: Bus – Buses Brush – Brushes Continue ..... Click here ...

Class 3 English Practice Grammar Worksheet -The Adverb

Class 3 English Practice Grammar Worksheet -The Adverb Class 3 English – The Adverb – Kinds of Adverb Fill in the blanks with suitable Adverbs of place. Choose from the box. Up outside everywhere back down away here there ...

Bhakti Movement NCERT Class 12 History

Bhakti Movement NCERT Class 12 History The Bhakti movement was an effort to achieve salvation and emancipation by devotion to God. In Hindi, the word bhakti refers to fervent devotion to God. This movement, which stressed a single-minded, ardent devotion to God, is seen as the most characteristic act of religious progress during the Middle Ages. In the 12th and 13th centuries, Kabir Das was a key figure in the Bhakti Movement. As a result of the movement, Kabir Das' poems and religious writings attained widespread fame. Kabir Das was raised up by a Muslim family. However, his religious beliefs were influenced by his Hindu teacher Ramananda, who regarded Rama as the highest God. The first Sikh guru and the founder of Sikhism was Guru Nanak. He vehemently opposed prejudice based on customs, rivalry, and caste in religion. Nanak was raised in a Hindu household and from an early age began to exhibit spiritual tendencies. He helped the indigent and underprivileged. His followers began r...

Takshila Learning - Online Tutorials

Search This Blog