Lakhasly

Explain the four Challenges and risks associated with internet based e_business?Non-compliance can result in fines and legal consequences 4- competition: E-commerce business face competition from both physical stores and other online vendors.To stay competitive, they need to continuesly innovate in marketing and technology

Explain the four Challenges and risks associated with internet based e_business?
1- cyber security threats : online businesses face threats like hacking, ransomware and phishing, which can lead to financial losses, damaged reputation,and legal issues

• hacking: unauthorized access to a system or data


• ransomware: malware that blocks access to data until a ransom is paid


• phishing : attacks via email,text,or calls to trick individuals into revealing sensitive information
  2- technical difficulties: problems like website outages and server fauileres can disrupt business operations, causing lost revenue and customer dissatisfaction
  3- legal and regulatory compliance: E business must follow laws related to data privacy, consumer protection, intellectual property,and advertising. Non-compliance can result in fines and legal consequences
  4- competition: E-commerce business face competition from both physical stores and other online vendors. To stay competitive, they need to continuesly innovate in marketing and technology