The paper “ The Factors That Lead to E-Commerce Fraud” is a forceful variant of the research paper on e-commerce. Due to technological advancements, e-commerce has emerged as a successful business. The e-commerce business transaction strategy has offered a number of opportunities for growth and marketing services in various aspects of businesses. E-commerce involves the purchasing and selling of goods and services such as computer-related networks and the internet (Manzoor, 2010). In recent times, as a result of the rapid growth in technology, e-commerce is increasingly becoming a necessary component of business strategy for efficient transactions.
Many companies are finding out that they are no longer confined by geographical location, but they can employ commerce to ensure that goods are made available to customers in faraway places (Turban & King, 2002). E-commerce has afforded these companies a full range of market opportunities, from local to international, that they had never achieved before. The development new business model is driven by e-commerce offerings a test to information systems and opens doors to other risks (Albrecht, 2012). Comprehensive information controls that include software applications, trained personnel, physical hardware and procedures among other need to offer the promise that the exchange of business information, as well as dealings taking place in an electronic form, fail to subject the company to risks arising from the use of the internet as a medium of data exchange.
E-commerce brings a number of opportunities but a number of risks as well (Plant, 2000). Fraud in e-commerce is one of the major challenges facing companies that have integrated e-commerce into their business models such as eBay and Craiglist. Specific characteristics of the internet-driven economy create pressures and opportunities that are unique to e-commerce fraud.
E-commerce fraud happens when perpetrators access the firewalls and security checks and infiltrate the systems or steal money and information (Knapp, 2002). Money is usually the primary goal of e-commerce fraudsters as they can also use personal information to blackmail individuals.
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