Questions On E Commerce Fraud - 1221 Words

E-commerce fraud refers to any type of scheme that uses websites, emails, or any Internet related function in order to present fraudulent solicitations, steal personal information, conduct fraudulent transactions, or transmit money from bank to bank or to other cyber criminals. Fraud is not exclusive to credit or debit cards and criminals have become more sophisticated in their usage of malware in order to take over online banking logins via consumers’ phones, tablets and computers. The stolen banking information is then used to make fraudulent purchases online that is nearly untraceable. There are different places e-commerce fraud comes from including, identity theft, friendly, clean, reshipping, affiliate, and auction fraud. Identity theft is a crime where criminals steal individuals’ personal information and impersonate them, usually for financial gain (Beal, 2016). Today’s consumers’ have to reveal their personal information about themselves more than they would like, such as social security numbers, names, addresses, phone numbers, banking information, and their signatures. When a criminal gains access to this personal information they can use it to commit fraud in your name. This person can now apply for loans or credit card accounts. They could also request a billing address change in order to run up your existing credit card without a consumer’s knowledge (Beal, 2016). Criminals armed with your banking information can counterfeit checks and debit cards in your name,Show MoreRelatedInternational Trade As A Tool For International Business1707 Words   |  7 PagesThe case study in chapter fourteen asks some very important questions regarding international trade as SME and MNE evolve globally due to technology. Therefore as international business continues to evolve companies are find easier ways to find importers and exporters from the comfort of their offices without the costly methods of travel and due diligences trying to find reputable companies to handle their needs. Using a variety of sources I will analyze international trade through the use of websitesRead MoreePayments and eCommerce: Assignment1310 Words   |  6 PagesPart A: Short-Answer Questions (50 marks total) Your answer to each question should be one or two paragraphs long. Each question is worth a total of five marks. 1. What types of e-payment systems should B2C merchants support? many customers are still very afraid to purchase online because of the security issues that s why it s very good to have more than one payment method, payment methods include E-cheques, credit cards, Gift cards, and the best one from my point of view because it sRead MoreElectronic Commerce ( E Commerce )1286 Words   |  6 Pagesopportunities (E-business, eEurope, n.d). More and more companies have discovered the advantage of using the Internet as a communication tool to reach consumers at any place and at any time. This also enables consumers to search and gather information about products and services online. The word e-commerce refers to all transactions online. Electronic commerce (e-commerce) is the area in which we are to do our research and throughout this dissertation we will discuss consumer trust in e-commerce. The termRead MoreHow Has E Commerce Changed The Way The World Operates?1407 Words   |  6 PagesHow has E-Commerce changed the way the world operates? Electronic commerce (E-Commerce) is a term for the process of buying, selling, transferring, or exchanging products, services, or information via computer networks, including the Internet. Today, people frequently buy or exchange goods and services internationally; the barrier between countries has been removed. It is true that E-commerce makes people’s lives more convenient; however, it has also created challenges with online fraud. As thisRead MoreP1 Describe The Technologies Required For E Commerce1664 Words   |  7 Pages Assignment 1 Client information P1 Describe the technologies required for e-commerce The technologies required for an e-commerce are as follows: server software, pc, and database, web authoring tools, web server, ports, TCP/IP and the browsers. I will be explaining why these technologies are required for an e-commerce. Web servers A web server is a PC that opens pages on a browser on request. It sends the web address of the page that has been requested to the web browser. They have an IP addressRead MoreThe Viable Alternative of Mobile Payments1387 Words   |  6 Pagesï » ¿Question #1 Mobile payments allow certain freedoms that previous technologies could not accomplish. Laudon Travor (2011) discussed how digital information security is extremely important in providing a market where certain levels of expectations may be met. Stakeholders within the payment systems must be reassured that a fair and honest transaction can be reasonably executed. In my home country of Nigeria, it is understood that this market is well established and is thriving. The purpose ofRead MoreClothing Stores E-Commerce Implementation: Case Study1439 Words   |  6 Pagesï » ¿Clothing Stores e-commerce Introduction It is not easy developing an e-commerce business which will assess the determination and commitment of any person that has put up a business in the past. With 1000 dollars, the Clothing Store intends to build a domain and start on e-commerce. The e-commerce has only begun booming in the recent years, and has proved very successful. Among the businesses that started online is the eBay online supermarket. The most important part in starting an online businessRead MoreCase Scenario1211 Words   |  5 Pagesdraft the distribution contract that would formalize their agreement. However, before Chou could finish the draft, he received an e-mail from the BTT manager. The e-mail with the subject line â€Å"Strat Deal,† focused on the key points of the distribution agreement between both parties, including the price, time frames, and obligations of both parties. After receiving this e-mail, Chou incorrectly assumed that BTT wanted to draft the contract. Thus Chou stopped working on the draft and a month passedRead MoreEffects of User’s Perceived Security on their Usage of Online Banking and e-Payment Facilities912 Words   |  4 Pagessuccessful outcome of their e-payment. The lack of online privacy and security perceived by consumers has created a void in their interest and usage of retail e-payment methods. Majority of consumers are not comfortable or willing to divulge sensitive financial and personal data to a virtual storefront. Additionally financial risks such as lost purchases and fraud have made consumers wary in purchasing online. Despite advancement in technologies to improve e-commerce securities and protection ofRead MoreSocial Media: Discussion Questions1533 Words   |  6 PagesPurchasing and selling is a very crucial area that is now being controlled by the social media. Face book started as a social network site but now hosts businesses and advertisements. In my opinion, it is one of the most common and most popular. Question 1: Discuss the four (4) components of a legally astute social media marketing manager who utilizes social media outlets for consumer transactions and how each component can mitigate the risk involved in doing business in cyberspace. A social media