Preview

Introduction to Ict

Powerful Essays
Open Document
Open Document
1509 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Introduction to Ict
Contents Page

i. Executive summary (pg.1)

ii. Introduction (pg.1)

iii. Report (pg.1-2)

iv. Fraud (pg.2-3)

v. Legislation (pg.3)

vi. Recommendation (pg.4)

vii. Bibliography (pg.5)

Executive Summary
In this report I will look into the benefits and risk of e-commerce, the types of legislation that have been introduced to protect the consumer and business alike. At the end of this report I plan to give my recommendation as whether I believe you should venture into e-business and set up your own online business. I will try and remain un-bias and give my opinion whilst give a fair account of the risks and benefits of e-business.

Introduction
For this report I have to assume the role of a consultant who specializes in internet security. I am a consultant and also a member of the (BSC) British Computer Society. I have been asked by the managing director of a medium sized chain of high street shops to give advice on the desirability of e-business and specifically report on on-line payments and personal data security.

The managing director is rather worried after hearing adverse reports that internet fraud is rife. I intend to rid him of this perception whilst doing my utmost to supply him with a rounded, unbiased approach to the benefits and risks of developing an e-Business. I also intend to outline the various different types and options of on-line payments systems and data security available. Once I make him aware of the various benefits and risks of e-Business, the different types of data and online payment methods available I intend to give my own recommendation with regards to the course of action I believe would best suit his company and would lead them to achieving the safest, best possible outcome.

Report
E-Business has now received world wide recognition as a business tool, which if utilized properly, enables companies to enhance their profitability, exploit potential



Bibliography: i. http://www.thewhir.com/features/security-spending.cfm ii. http://www.e-businessguide.gov.au/__data/assets/pdf_file/1003/e-businessguide_getting_started_booklet.pdf iii. https://www.paypal.com/uk/cgi-bin/webscr?cmd=xpt/cps/general/PBPInfo-outside iv. http://www.compactlaw.co.uk/free_legal_articles/distance_selling_regs_2000.html v. http://www.admin.cam.ac.uk/univ/information/dpa/ vi. http://www.tdi.state.tx.us/fraud/artwork/frreportsreceiv.gif vii. http://news.bbc.co.uk/1/hi/business/3707290.stm

You May Also Find These Documents Helpful

  • Satisfactory Essays

    E-Business is much more than just a shopping website. It expands individual’s knowledge and vision of the organization, gains new customers and evaluates the relevance of the products and personal preference of the clients. Safety and security is always necessary to protect intellectual properties and customers privacy. E-Business organizations use the best technology in order to grow and create strategies to maintain affordable prices.…

    • 423 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    5 porter

    • 1835 Words
    • 8 Pages

    One of the biggest benefits of the Internet is its ability to allow organizations to perform business with anyone, anywhere, anytime. E-business is the conducting of business on the Internet, not only buying and selling, but also serving customers and collaborating with business partners. In the past few years, e-business seems to have permeated every aspect of daily life. Both individuals and organizations have embraced Internet technologies to enhance productivity, maximize convenience, and improve communications globally. From banking to shopping to entertainment, the…

    • 1835 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    Prepare an executive summary report for presentation to the senior management to assist the team in understanding IT security risks associated with an e-commerce model. Additionally, the senior management team will need to use the report as guidance for determining a budget allocation for hiring new IT professionals. Through the given scenario of UNFO, identify the weaknesses and vulnerabilities associated with the proposed Web platform. To do so, you must:…

    • 258 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    East 1

    • 850 Words
    • 4 Pages

    In this article review the author will present an article that specifically related to e-business and intellectual property. The information provided in this review will identify different types of and legal protections for intellectual property. The information describes, provide, and analyze the legal issues of e-business to include intellectual property, privacy, ethics, and security. The first piece of information that will be discussed is various types of legal protections for intellectual property.…

    • 850 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    With the rapid growth of the internet commerce in recent years, established small businesses have been presented with a serious dilemma. On the one hand, they can stick with the business model that has worked for them in the past; or they can make the change to e-business.…

    • 474 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Unit 12

    • 6979 Words
    • 28 Pages

    I will then prepare a presentation that describes the kinds of actions that various organisations take to reduce security risks from operating online. I will then explain the competitivepressures on selected contrasting businesses organisations to develop their use of e-business. I will then take two contrasting businesses and explain using examples, how they have responded to competitive forces to develop their use of e-business. I will then be evaluating how successful a particular business organisation has been preparing for the growing use of e-business. I will finally prepare an outline personal development plan for sales staff that is unfamiliar with internet business.…

    • 6979 Words
    • 28 Pages
    Powerful Essays
  • Good Essays

    E-commerce makes the business much reachable and easy to access. E-commerce is the definition of modern business values. E-commerce helps business customers serve themselves giving the proper value to consumer interest and preference. Millions of businesses today, both large and small are moving towards web for the prosperity of their business. E-commerce has been the gateway to thousands of customers to enter the thousands of business in order to get the best possible option for the fulfilment of their needs. I think, in this world of technological advances, more apt could be, a world of internet, business should use internet and make the best out of it in favor of business to sustain its place and grow among its competitors. So I strongly believe it that in this date and days to come most business should engage in e-commerce in the internet.…

    • 1663 Words
    • 5 Pages
    Good Essays
  • Better Essays

    E-learning and Web

    • 2566 Words
    • 11 Pages

    Accordingly, I will argue the pros and cons of the business implications the web has on e-business vs. brick-and-mortar organizations because it is ubiquitous and how we communicate, and our online behavior has led to a tremendous need for a new wave of information. Whether the ground-breaking scheme is an enhancement or travesty, the bottom line is we live in the technological era, and we cannot extricate the effects and causes of internet (web), nor its trepidations and accomplishments.…

    • 2566 Words
    • 11 Pages
    Better Essays
  • Satisfactory Essays

    Coles pvt ltd

    • 287 Words
    • 2 Pages

    Students have been assigned an industry that will be used in the individual assignment for this unit. For your running case study for this course, you have selected one organisation from your assigned industry to focus on. Each week, your tutorial will consist of a further exploration into this organisation’s e-Business and e-Commerce implementation and how it impacts on their business. This week our focus is on:…

    • 287 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Advanced Auditing

    • 2114 Words
    • 9 Pages

    you should be able to [5] Recognize issues surrounding the privacy of customer information [6] Describe audit implications when transaction evidence is solely electronic [7] Recognize threats to eBusiness strategies, which rely solely on the delivery of services "via the Internet…

    • 2114 Words
    • 9 Pages
    Satisfactory Essays
  • Better Essays

    Evaluation • review strategy details • review documentation created. 5 DELIVERY GUIDANCE Know the technologies required for an e-commerce system Learners should be encouraged to visit a range of e-commerce sites to help them understand what e-commerce is. As a group they could be encouraged to identify the hardware and software components required in order to have an e-commerce site and discuss these findings. Understand the effects of e-commerce on society Learners need to understand the potential risks for e-commerce systems, which should be set initially as research activities. Learners could brainstorm risks and then discuss as a group to identify risks that they may not have considered and look at the different aspects and implications of each.…

    • 2553 Words
    • 16 Pages
    Better Essays
  • Better Essays

    Risk Management Trends

    • 886 Words
    • 4 Pages

    The use of e-commerce is becoming more widespread especially in terms of conducting financial transactions via the Internet. Many businesses (retail and professional) are transitioning to selling and providing services on the Internet. Merchant account companies like PayPal provide a platform for products to be sold, shipping and handling paid, and consumer purchasing conducted at virtually any location at anytime. More consumers are turning to ecommerce to pay for essentials in life like insurance premiums and utility bills. The benefits are efficiency of sell, whereas the negative is the growing potentials of threat. This trend poses future challenges for the management of risk. With these types of…

    • 886 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    E-business is adapted to the setting up of start-ups and small companies, like ours. Moreover, it provides a real opportunity for SME to compete with bigger companies, like Tesco. Online business can minimize company expenses as is can employ less staff; it also saves money as no prime location real estate is required.…

    • 2226 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    On the other hand, conducting e-business can create a non-secure environment that may influence the quality of financial information. Both accidents and intentional breaches are potential security risks arising from e-business. Accidents cannot be completely eliminated but could be reduced by an efficient internal control, whilst intentional frauds represent another threat.…

    • 2210 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Exponential growth of the Internet and the transmission bandwidth of the communication carrier is transforming the way businesses operate and communicate. In this technology-centric world, customers, partners, suppliers and employees are demanding unparalleled levels of service, collaboration and communications, to compete in the emerging market place. Technology has become so advanced and IT auditing advances as well. However, the fact still remains that even if technology has become very advanced risks and potential harm to integrity and accuracy of the data still remains especially in cyber commerce. Cyber commerce has three categories which are business-to-business (B2B), business-to-customers (B2C) and mobile commerce (m-commerce). Today, the term “e-commerce” includes all commercial activities performed through information technology and communication engineering, such as the Internet, virtual private networks (VPNs), automated teller machines (ATMs), electronic fund transfers (EFTs), electronic data interchange (EDI), e-supply chain management (e-SCM) and e-customer relationship management. E-commerce is now a trend and IT auditors must audit them to minimize the threats and risks that come with it. IT auditors look into existing internal controls, which might not have been optimized for the best results. There are several reasons why internal control cannot provide absolute assurance that objectives will be achieved: cost-benefit realities, collusion among employees and external events beyond an organization’s control.…

    • 2481 Words
    • 10 Pages
    Powerful Essays

Related Topics