Explore BrainMass

Ethical or regulatory issue in eCommerce

Can someone please explain an ethical or regulatory issue that plays a role in successful eCommerce? Please support your view with evidence, explanations and credible references.

© BrainMass Inc. brainmass.com July 21, 2018, 4:12 am ad1c9bdddf

Solution Preview

This is a great discussion right now and legislation actually passed yesterday to implement taxes on internet transactions. Below you'll find some discussion points.

As our society continues to improve our technological advances, it provides another venue for criminals to conduct deviant behavior. In addition, these criminal acts can be conducted from the comfort of their home and/or around the world. In many ways, technology produces more victims than traditional crimes. Though identity theft and other cyber crimes continue to rise, financial institutions continue to implement electronic finance because of the ease of transactions between clients and institutions. Not only have financial institutions implemented electronic finance, many organizations require employees to have a bank account in order to pay them with direct deposit.

Electronic finance on a global platform has many positive aspects though pitfalls exist. As stated above, the utilization of electronic finance allows for ease of transactions between clients and financial institutions. Furthermore, electronic finance allows financial ...

Solution Summary

The solution discusses the ethical or regulatory issue in eCommerce.