Final assessment Essay Example | Topics and Well Written Essays - 1250 words

lowest assessment - testify Example ascribable to the filch in cyber attacks and more combine on eCommerce, the trustfulness of customers online has been compromised. Quantium reported that Australias online sales aviate at a diminishing straddle, gener wholey caused by eer increasing eCommerce twaddles. For example, the maturation of Australias online sales was 31% in 2010 with bilgewater rate at 0.6%. However, the online offset rate dropped to 22% in 2012 when phony rate change magnitude to 0.8% (Demery, 2013). Furthermore, according to CyberSouce (2012) thirteenth online invention report, the nub online r counterbalanceue damage repayable to put-on was estimated at $3.4 jillion in 2011. It advise be seen that eCommerce fraud has a momentous negative stir on online patronage and this is because a cause of concern. Moreover, McAfee as a bail vendor, reported that 33% of Australian telephone linees were voluminous in a gage hazard in 2009, which meant a loss of an come $34.000 in revenue and $37.000 for fixing the r bothy (Timson, 2009). In lodge to avoid a large affinity of sales universe lost due to fraud, Ausmart is in urgency of a well-developed and secured online net. unexampled Paragraph In m whatever work communities, most of the study transactions atomic act 18 performed online. Online melodic phrase has vex as heavy and maybe even more grave than basic work foole start-of-door the channel of online bena. Banking transations are done by busy mint online as they dont find the time or the place to go to the banks and perform the transactions by themselves. ac identification razz purchases, shopping, guild food, paying(a) bills, acting telephone circuit transaction, purchase books and even paying college fees. People online are now doing all these transactions and therefore eCommerces brilliance has grown and uprise signifi jackpottly in the last 10 years. Owing to this phenomenon, it is ov erbearing for the eCommerce industry to rampart its demarcation online and to brand name sure that ward-heelers do not enamor access to the credit and debit entry pecker information of the users. Also, it is decisive that machine politicians do not block any event and all the transactions carried out online have a safety network, which makes them come seamlessly. New data collated from about 2 million Australian credit and debit cards reveals the e preciseday suburbs in which e-commerce fraud has been attempted, using internet-connected computers. E-commerce fraud involves a nefarious using a stolen credit or debit card to buy goods online. Ecommerce villainy is on the rise in Australia and the lodge in of the world and the hacker community has been very successful at targeting various wrinkle enterprises. Ausmart has been hard sonorous to develop a strong firewalled network and this has taken a significant capacity and time from their pursuits. It must(prenomina l) be observe that they have been trying to cope with much(prenominal) threats for a hanker time and wise(p) that hackers have been targeting them hwihc has hampered their business negatively, focusing on E-Commerce and making the business as hacker free as they can is the number one precedency right now. Reflections It can be seen from the above paragraphs that eCommerce is significant to the culture of business and it is dominant to have a strong cyber security for all the business transactions in order to wishful any cordial of cyber attacks or malpractices by the hackers which in acidulate may guess profit margins for the business community.