The unfortunate onset of the Covid-19 pandemic had resulted in lockdowns and travel restrictions that are being enforced worldwide to curb the spread of the disease. Money being allocated for the development of internet security systems is to facilitate the rising volume of online transactions and to counteract fraud. As more organizations shift to doing business online, this trend in e-commerce will continue. Banking systems, government transactions and retail storefronts get fixed attention from hackers with malicious intent. The security initiatives are a natural response to counteract this and to increase consumer confidence in online banking and credit card processing systems.
The anonymity of internet shopping for and selling creates many dangers of e-commerce and plenty of times those who have cheated on a purchase are never found to be prosecuted. Buying on the large auction sites on the internet is somewhat safer as they offer buyer protection for a lot of of the transactions handled by their site. But the old expression “let the buyer beware” has never been more relevant than with internet purchases. The dangers of e-commerce can involve the merchandise themselves as well as the electronic transaction. Look at it from the perspective of the buyer.