(6)What are the risks associated with E-Commerce?

Answer: Following are some of the risks associated with E-Commerce:

(1)Privacy: There is high risk of compromise of privacy in case of e-commerce transactions.

(2)Quality issues: In e-commerce transactions, customer may not get quality goods as per expectations.

(3)Delay in goods and Hidden Costs: There may delay in delivery of goods and risk of some hidden costs.

(4)Access to internet: The e commerce requires an internet connection which is extra expensive.

(5)Credit card issues: There may be risk of cloning of credit cards and debit cards for unauthorized use.

(6)Repudiation of contract: There is risk of repudiation of contract by trading partner.

(7)Infrastructure: Poor digital infrastructure hampers the progress of e-commerce.

(8)Lack of authenticity of transactions: The electronic documents that are produced during an e-Commerce transaction may not be authentic and reliable.

(9)Data Loss or theft or duplication: The data transmitted over the Internet may be lost, duplicated, tampered with or replayed.

(10)Attack from hackers:  There is risk of hacking of web servers used for e-Commerce.

(11)Denial of Service: Risk of non- availability of system as it may be affected by viruses, e-mail bombs and floods.

(12)Lack of audit trails: There is risk of incomplete audit trails in e-Commerce system.

(13)Piracy: There is risk of piracy as intellectual property may not be adequately protected in e-commerce.