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  • Essay / Analysis and consultation on e-commerce - 1461

    (graphs not included)Summary In this report I will examine the benefits and risks of e-commerce, the types of legislation that have been introduced to protect consumers and businesses. . At the end of this report, I intend to give my recommendation as to whether I think you should go into e-commerce and start your own online business. I will try to remain impartial and give my opinion while reporting fairly on the risks and benefits of e-commerce.IntroductionFor this report, I am to assume the role of a consultant specializing in Internet security. I am a consultant and also a member of the (BSC) British Computer Society. I was asked by the managing director of a mid-sized retail chain to advise on the e-commerce opportunity and to report specifically on online payments and personal data security. The general manager is rather worried after hearing unfavorable reports. that Internet fraud is commonplace. I intend to rid him of this perception while doing everything possible to provide him with a global and impartial approach to the advantages and risks of developing an e-Business. I also intend to describe the different types and options of online payment and data security systems available. Once I have informed him of the different benefits and risks of e-commerce, the different types of data and the online payment methods available, I intend to give him my own recommendation as to the course of action that should be taken. , in my opinion, would best suit and lead his business. enabling them to achieve the safest and best possible outcome.ReportE-Business is now recognized worldwide as a business tool that, if used correctly, allows businesses to improve their profitability, 'exploit new potential markets and provide consumers with better service. The scale of its recognition is such that in 2005, according to Business Communications Company Inc. (bccreserach.com), its total revenues exceeded $3 trillion. It seems that more and more businesses are aware of the opportunities available and are rushing to start their own electronics business and get their share of these revenues. E-bay is a company that you probably know. great example of a successful electronics business. They are responsible for creating the largest online marketplace in the world and are currently valued at $34 million and have a customer base that exceeds 34 million in Europe and 300 million worldwide, a figure that is constantly growing..