One of the most important issues concerning e-commerce is the privacy Assignment

One of the most important issues concerning e-commerce is the privacy and security of one's indentification and financail information - Assignment Example having login or password that enhances the security of the information passed between the customer and the business (McCarthy, Campbell & Brownstein, 2001). An overly secure environment looks into the security of the transaction by creating passwords and logins in order to ensure privacy and confidentiality of the details of the transactions. In cases where e-commerce involves financila transactions, the risk of loss of money becomes high hence making security issues key in e-commerce. However, both an open and overly secure environments have both advantages and disadvantages. There are various advantages of conducting business in open environments. First, users will not require login and passwords in order to navigate on the websites. Paying for items or making orders will not require one to give login for identification purposes. This makes the process easy and faster compared to a secure environment where login is required. The graphical user interface of open environments are simpler and easy to use hence cause customer satisfaction and convenience (Becker, 2008). Cost advantage also arises in an open environment. There is no cost involved in developing a secure environment thereby reducing the need to engage experts in developing the site. The costs of hosting such a website is also lower compared to that of an overly security environment which requires shrewd experts to develop. However, cost may arise where customers sue the business for protection purposes. On the other hand, browsing in an insecure open environment is characterized by various drawbacks. To begin with, the computers can be hacked thus infringing on private information. This may make the future transactions insecure and further cause loss of resources. Moreover, it would be easier to get computer virus attacks, which could stall operations and further cause loss of data that may be expensive to acquire. In addition, a company can be faced by innumerable cases from customers for violation