StudentShare solutions
Triangle menu

E-Business security in your organisation - Essay Example

Not dowloaded yet

Extract of sample
E-Business security in your organisation

It has over 3 million accounts, a quarter of which are active, and has total assets of $61 million (e-gold 4). For a decade-long company, it has not grown much compared to the largest online payment system, Paypal, which claims to do $60 million worth of transactions daily.
e-gold transactions are 100 percent backed by metal deposits and are not reversible, which means that unlike credit card transactions, once a transaction is made there is no possibility that it can be cancelled. e-gold can be used to pay for transactions over other merchant websites and makes its money from maintenance fees that range up to 1 percent of the total transaction amount.
Based on personal experience, the website is easy to use, getting an account is fast, and the fees are reasonable. The website (www.e-gold.com) is open 24/7 so account holders can transact anytime and anywhere.
Users avail of e-gold for several types of transactions. They can have funds transferred to their e-gold account, and then have it transferred to a bank account in any currency using a reliable third party site like OmniPay or The Gold Shop.
A user does this by simply logging on to a personal e-gold account, "spend" the desired amount (say, $1,000 worth of e-gold) into OmniPay, take note of the spend batch number issued for the transaction, log out of e-gold, log in to OmniPay, and fill up a bank transfer form with instructions to OmniPay to transfer the $1,000 that was "spent" or sold less fees to any bank account anywhere in the world.
The funds take anywhere from two to five days to reach the bank account.
Users normally tested the system by transferring small amounts, and when it worked they began moving bigger amounts of money. When someone anywhere in the world wants to pay an e-gold account holder, they give instructions to pay via e-gold by buying the e-currency and "spending" the amount to the user's account.
The user can check his or her e-gold account from anywhere, even from a hot spot on a beach resort in the French Riviera, so they will know whether the payments have gone through or the funds have been transferred to the specified bank account. The user can then do transactions from there.
This writer has been using e-gold for over a year now, and is happy with the service. This is the reason why this analysis on e-business security was done on this company, which has been only too happy to oblige and share information with me for this paper.
Choosing the Standard
One problem with selecting a standard to evaluate the e-business security issues of a merchant website is that there are too many standards to choose from. The main reason is simple: the chosen standard becomes a cash flow machine for the firm that develops it.
There are several companies like Verisign, Oracle, IBM, and a host of other for-profit and not-for-profit institutions known by their acronyms: SEI, IETF, NIST, W3C, SAI, ISACA. The list is seemingly endless.
The Europe-based International Organization of Standards is known for its ISO standards, the more famous of which are the ISO 9000 series used by companies to document their total quality management programs (Arnold 15). The letters ISO/IEC prefix its standards, which are adopted in both the U.S. and Europe. The British Standards Institute (BSI) is a similar organization that has several years of experience developing working standards for many industries.
For these ...Show more

Summary

My current company does not have an e-business initiative, so this evaluation is on e-gold, one of the online merchants with which this writer is familiar. Before conducting an evaluation of its e-business security, we begin with an outline of how e-gold operates.
Author : maiabeier
E-Business security in your organisation essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"E-Business security in your organisation"
with a personal 20% discount.
Grab the best paper

Related Essays

E-Business and e-Marketing
World Wide Web in the next Five Years World Wide Web or internet is found to have been growing at an exponential rate over the past many years. Most of the business processes conducted by different organisations all over the world are making use of internet in various forms.
17 pages (4250 words) Essay
BUSINESS ORGANISATION AND SOURCES OF FUNDING/FINANCE
Usually the business plan serves as a “sales” document, in that it is selling the business to a prospective investor or to a finance provider such as a bank as a good investment/risk. The basic requirements for this function are the same, although the former will focus on a rate of return for the investor, while the latter will focus on the affordability of the loan required.
9 pages (2250 words) Essay
E-business
in different and attractive combinations and flavours. The company has been associated with this industry since 1978 and is based out of Burlington, Vermont (Ben & Jerry, 2007). The company has its operations spread across all the major markets of the world.
16 pages (4000 words) Essay
Organisation of the BUSINESS
Name XXXXXXXXX Professor XXXXXXXXX Institution XXXXXXXX Course XXXXXXXX Date XXXXXXXXXX Organisation of the BUSINESS INTRODUCTION. The organisation name is known as Groupon. It was first established in 2008.Groupon features any deal of the best stuff to do, buy, eat and see.
10 pages (2500 words) Essay
Internet Risk and Security - Cyber Threat (Identity Fraud) in a Finance Organisation
In such context, this paper will try to shed light on pertinent issues regarding identity fraud in financial organization through cyber space. In the first section, the paper will try to demystify the nature of identity fraud in financial organizations and what are the pertinent factors that create difficulty for users to detect the fraud.
12 pages (3000 words) Essay
E-commerce and Business Strategies British Airways
The E-commerce revolution has surged forward with applications appearing in the airline industry as equitable with fast and easy modern technology service in the new age. This scientific protocol allows the industry to communicate internally with suppliers and partners and with their customers.
10 pages (2500 words) Essay
E-Business in the United States
A common factor in this scenario is the role of technology. In fact, all the recent developments can be said to be technologically determinist. That is, it is the technology that is transforming economy and society, rather than the business processes to which technology is put to use.
20 pages (5000 words) Essay
Developing an e-business model and implementation strategy
This will allow customers in the market for new telecommunications technology to have a ‘one-stop’ shopping experience. For service differentiation, on-line chat will be available for customers instead of only looking and
23 pages (5750 words) Essay
Create an outline e-Marketing Plan for the organisation or business division of your
In the context of e-marketing the PEST analysis has proven to be a flexible and easy to understand tool. The aim & objective of LEXUS is to reduce sales calls from $100 to $10 to $20 by using
16 pages (4000 words) Essay
E-Business Strategy
To optimize its core purpose, like delivery of reliable products and services and making profit, it needs to have a strategic vision. The broad goals or objectives of a company dictate its strategy. Strategy acts as a guiding framework and also as a
18 pages (4500 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation