Business and Employment: Online Businesses

Watch the videos in the YouTube links below;

https://www.youtube.com/watch?v=NdXf6f22N4g

https://www.youtube.com/watch?v=RaH1jc3zBM0


A friend has approached you to start an online business;

a) Study ONE example of an online business ensuring that the following is captured;

• What is the name of the online business?
• What are the different technologies used by the online business?
• Describe in detail how the business functions / operates online
• What are the common issues/ethical concerns associated with the online business?
• What are some of the solutions put in place to address the concerns / problems?

b) As for your friend

• What online business would you recommend? and why?
• Describe the IT technologies that will be used in the recommended online business?
• Describe in detail how the online business will function/operate?
• Provide a detail account of the expected challenges/ concerns/ problems in running the proposed online business.
• For each concern suggest some of the solution to address them.

Further Reading

 ATM, EFT, Online Banking Fraud Cases

Read the news article below
ATM frauds
http://www.northeastfraudforum.co.uk/atmfraud
http://www.bankersonline.com/security/gm_atm_skimming.html

ATM Crime & Fraud Information
https://www.european-atm-security.eu/ATM%20Crime%20/

EFT POS Hacker Net $50 Million
http://www.bloggernews.net/123778

Steps for Preventing EFT problems
http://www.isaca.org/Journal/Past-Issues/2003/Volume-4/Pages/Preventing-EFT-Fraud.aspx

Other news
http://www.atmsecurity.com/

http://www.asiaone.com/News/Latest%2BNews/Singapore/Story/A1Story20120111-321215.html

http://www.bdo.co.za/resources/showitemarticle.asp?ResourceSectionId=4&ResourceSectionName=Publications&ResourceId=11&ResourceName=News%20and%20Views&IssueId=44&ContentPageID=&Archive=&articleid=52