MGMT230-1102B-10: Electronic Business
Individual assignment 2

Contents 1. Abstract 2. Introduction 3. Security concerns of e-commerce 4. The risks of e-commerce and how the can be lessened 5. Security of internet transactions 6. Conclusion 7. References

Abstract
This assignment discusses whether e-business is secure or not, tells what customers should be afraid of and what should they check while making transactions in the internet. It explains how and why organisations have to make e-business and Internet transactions more secure on example of Joseph’s food business.

Introduction
Lack of security is one of the major problems associated with the operation of e-commerce. This means that customers mainly use internet sites for reviewing online catalogues of products and services and researching company’s profiles, but they are unwilling to use their credit cards in the internet for making purchases and other transactions via the Internet. In the last few years, there has been an increased interest and attempt to offer customers and other stakeholders secure e-business environment to increase purchases and transactions over the Internet and to encourage an interest in online delivery of goods and services. Therefore Internet businesses are trying to make their e-commerce more secure to transform their potential customers, who only examine catalogues in the internet, into actual customers and other stakeholders, who purchase goods and services in the Internet.
Security concerns of e-commerce.
To make customers and other stakeholders mere interested in purchasing goods and services and making other transactions in the Internet, companies must provide a secure environment of e-business. To achieve this aim, three conditions must be satisfied: Privacy, Authentication and Non-repudiability.
Privacy
All the information stored by