risk involve in internet business transaction?

Question

risk found in internet business

Answer 1

- Same risk as any other business
-and-
- liability for not adequately protecting sensitive user informatin such as credit card info.

A company called HackerSafe provides a service whereby they try to hack in to your internet server.

If you are going to go in business via the internet, maintain a server on the internet, then to protect yourself, you should:

1) Understand 'best practices' related to maintaining a server on the internet.

2) Follow 'best practices' related to maintaining a server on the internet.

3) Consider, (through cost/benefit analysis), outsourcing certain parts of your internet business. In doing so, you help offset your own liability to another company.

4) Understand all laws related to business, and what types of incorporation would best shield your personal assets from company related liability.

Answer 2

short answer... whilst your credit card is "swiped," the cardboard extensive style (and a few different bits of techniques) is sent (by ability of telephone strains, frequently) to a credit card processing midsection. The extensive style is checked against a database of valid enjoying cards (or, conversely, enjoying cards that have been canceled, suggested stolen, etc.). If authorized, the quantity entered for the transaction is positioned into the database, alongside with the provider provider and date. (that's each and every now and then in the back of schedule, such because of the fact the case with a eating place that needs to characteristic the tip). the cardboard holder, on the tip of the billing cycle, gets a bill in keeping with what's interior the database. that's the quick (examine: overly simplified) version. hazards? That the cardboard is stolen, however the techniques isn't interior the database. the telephone strains are down. The desktops are down. The provider provider entered the incorrect techniques. the cardboard's magentic strip is broken. etc.