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E-commerce (Threats (Business (Due to potential threats such as hacking,…
E-commerce
Threats
Business
Due to potential threats such as hacking, the businesses reputation can be damaged, making it less reliable.
Customer loyalty is hard to build, and if something goes, the trust between the business and customer can be broken, giving the business a bad reputation.
There is high system reliability, since if the internet service provider (ISP) goes down the payments made by the customers will stop and the s-commerce plug-in could get bugs due to this.
Costumers
Consumers can be tricked and there is a higher chance of fraud. consumers can be exposed to more phishing attacks, money thefts and even hacking.
Things maybe more expensive online, due to delivery charges and other costs.
It's harder to trust the websites you are buying from, since the products may not be up to expectations and may even turn out it be fake or a scam.
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