Legal, Regulatory, and Ethical Issues
1. What are the 5 hottest topics today involving legal, regulatory and ethical issues impacting on operating a B2C ebusiness? ECommerce has revolutionized the business world by expanding the marketplace and redefining the traditional organizational structure. Its economic influence has been considerable resulting in implications for politics, society and ethics. The future for eBusiness is bright. It will continue its rapid expansion and may eventually take over from traditional business practices however in today 's society, there are very few laws enabling an effective transition. ECommerce is a global concept (Hill, 2003, p12). Society, on the other hand, believes in state sovereignty, patriotism and segregation. Political and social barriers continue to prevent effective online transactions and hinder the potential for growth in eBusiness.
Topics involving legal, regulatory, and ethical issues in B2C ebusiness are these:
1. One barrier to effective eCommerce is security. Author and eBusiness practitioner, Paul May (2000, p.35), describes the World Wide Web as being "inherently insecure" and this insecurity is a "fundamental drawback to its use in a commercial setting". The introduction of the Internet has encouraged growth in areas such as commerce and telecommunications however it has also enabled a new type of crime: computer crime. The infrastructure of the Internet and anonymity of its users make it ideal for offences such as money laundering, hijacking system accounts, piracy and computer viruses (Adam, Dogramaci, Gangopadhyay and Yesha, 1999, p.156). Intangible or intellectual property is highly valuable in the New Economy (Hartley, 2002, p. 162) but continual advances in piracy and computer virus technology makes it very difficult to protect.
Security Issues: E-Commerce Security also has some main issues. They are interception of data, redirection of data, identification of parties, exploitable program errors, and being the weakest point in
Topics involving legal, regulatory, and ethical issues in B2C ebusiness are these:
1. One barrier to effective eCommerce is security. Author and eBusiness practitioner, Paul May (2000, p.35), describes the World Wide Web as being "inherently insecure" and this insecurity is a "fundamental drawback to its use in a commercial setting". The introduction of the Internet has encouraged growth in areas such as commerce and telecommunications however it has also enabled a new type of crime: computer crime. The infrastructure of the Internet and anonymity of its users make it ideal for offences such as money laundering, hijacking system accounts, piracy and computer viruses (Adam, Dogramaci, Gangopadhyay and Yesha, 1999, p.156). Intangible or intellectual property is highly valuable in the New Economy (Hartley, 2002, p. 162) but continual advances in piracy and computer virus technology makes it very difficult to protect.
Security Issues: E-Commerce Security also has some main issues. They are interception of data, redirection of data, identification of parties, exploitable program errors, and being the weakest point in