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Published byDwight Farmer Modified over 7 years ago
PAPER AC 1 : E-BUSINESS AND CYBER LAWS
MEANING OF E-BUSINESS E-business, is the application of information and communication technologies (ICT) which support all the activities of business. Commerce constitutes the exchange of products and services between businesses, groups and individuals and can be seen as one of the essential activities of any business. Electronic commerce focuses on the use of ICT to enable the external activities and relationships of the business with individuals, groups and other businesses.
IMPORTANCE OF E-BUSINESS E Business is important because in today’s scenario Internet has become such a commonplace resource. Internet has become a more convenient way of making everyday purchases. Moreover, items which are out of reach due to location are now easily available due to accessibility of the Internet. This not only benefits the customer, but also businesses as well. Businesses are able to reach a larger audience through ecommerce. Thus, a business that does not take advantage of the Internet is losing customers to those businesses that do offer Internet services and merchandise.
WHY E-BUSINESS???? The benefits of implementing e-Business tools is in the streamlining of business processes and the ease in finding new markets. Some of the advantages include: Quicker and easier communications. Strengthened marketing capabilities and reach. 24*7 available Helps in reducing transaction costs and increasing efficient methods for payment, such as using online banking and reducing stationery and postage costs. The opportunities to adopt new business models and develop tailored customer support.
CYBER LAWS Cyber laws are also known as Internet Laws. Cyber law is the area of law that deals with the Internet's relationship to technological and electronic elements, including computers, software, hardware and information systems (IS). Cyber laws prevent or reduce large scale damage from cybercriminal activities by protecting information access, privacy, communications, intellectual property (IP) and freedom of speech related to the use of the Internet, websites, email, computers, cell phones, software and hardware, such as data storage devices.
Common Types of Cyber Crime Hacking Cyber Stalking Spamming Cyber Pornography Phishing Software Piracy Corporate Espionage Money Laundering Embezzlement Password Sniffers Credit Card Fraud Web Jacking Cyber terrorism etc
Why every Citizen should have knowledge about cyber laws Crime in any form adversely affects all the members of the society. In developing economies, cyber crime has increased at rapid strides, due to the rapid diffusion of the Internet and the digitization of economic activities. Thanks to the huge penetration of technology in almost all walks of society right from corporate governance and state administration, up to the lowest level of petty shop keepers computerizing their billing system, we find computers and other electronic devices pervading the human life. The penetration is so deep that man cannot spend a day without computers or a mobile.
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