New Philippine law to boost e-commerce

My Comment:

I think that boosting the E-Commerce Law in Philippine will improve the Philippines’ attractiveness as a perfect investment position in the area of information technology and will affect business transactions that are done in the internet and online.

Source: www.youtube.com

E-Commerce and E-Commerce Law in Iran

Increasing global commerce and communication and the benefits provided by the Internet are increasingly providing Iranian people with opportunities to perform transactions with businesses both inside Iran and outside Iran.Now, a vast number of Iranian people are using Internet and the number is growing daily. Seminars, conferences and workshops have been held by the Iranian governmental and non-governmental organizations to promote awareness of the social effects of e-commerce. In view of that it could be claimed that Iran is providing the infrastructure to enable e-commerce to expand.
A draft of e-commerce law provided by a committee and was debated in the Parliament as well as in Economic, Legal and Industrial and Mines Commissions. In 2004 the Majlis adopted the Electronic Commerce Law.  The Act commenced operation on 22 January 2004. With the passage of the Act, Iran made significant progress towards its e-commerce legislation. Now, this Act is called the Electronic Commerce Law of the Islamic Republic of Iran. The Act was passed to remove concerns about uncertainties over e-commerce and to clarify some of ambiguities in Iranian legal system. The law is of benefit to Iran, as it supports the new business practices of the Internet era. If the law was introduced late, Iran would fall behind as well as would have a big obstacle for the country in the development of e-commerce. Electronic Commerce Law of Iran will help companies and individuals to do businesses more efficiently.

Articles 62–66 of this law specify that Iran’s existing intellectual-property laws apply to all electronic transactions. Articles 33–49 of the Electronic Commerce Law of 2004 seek to ensure consumer protection in electronic transactions. This legislation ensures the right of consumers to complete disclosure of information by suppliers before, during and after electronic transactions. Also specified are the terms under which contracts for electronic commerce may be broken. Article 37 gives consumers seven days to withdraw from any contract without penalty. Article 42 stipulates that the protections laid down in this law do not apply to financial services, immovable property, automatic vending machines, and transactions over public payphones and auctions.

My Comment:

In my country “Iran” when e-commerce industry has enter to the country long ago it still stays on an underdeveloped stage and it is so weak.  But when the main part of the population is  the younger customers, e-commerce gain energy and it becomes possible because of giving the telephone number and total data about the seller; giving a complete data about the activities of the seller and preparing the goods in a manner which customers can experience them. Another point is that we, as Iranian  like to go for shopping out, go to the streets and then shopping. But e-shopping doesn’t allow us do those except when the website is planned in the shape of a bazaar and we spend at least an hour in it. In my opinion in this way the E-commerce law in Iran will not develop so fast then we will have many problems about E- commerce crimes because of lack of law in this regards.

Reference: http://www.hg.org/article.asp?id=5923

Ecommerce and Cyber Fraud

Fraud can be considered to be some sort of deception or scam that is very much rampant to our society. Today, businessmen are very much common as target of these people that commits fraud. Because of this, some have thought that engaging with ecommerce or online business venturing is much better and may enable them to avoid being the victim of fraud. But did you know that even ecommerce is not that safe? This is because cyber fraud might rise up as your problem. Among the latest cyber fraud mutations is social networking site scams which contribute to the nine million annual reported cases of identity theft in the U.S., according to the Federal Trade Commission.

My Comment:

I believe that if we are not that careful in engaging ourselves to E-commerce, we will be a victim of these online crimes. There is only one way for us to stay away from this and that is to be watchful enough in every activity and move that we do in our business.

Reference: http://www.ecommerceclub.org/ecommerce-and-cyber-fraud.html

Personal information and data steal by Fake E-commerce Websites

If you see website selling merchandise for prices that are so suitable and good to be factual, it may be a trick to steal your payment card data and details, or maybe they are selling fake goods.

Once an innocent person had given up their payment card details, they often received one more call stating that the original card didn’t work and asked for another card. Of course, this resulted in both cards being compromised.
Another way to find doubtful sites is to use TrustWatch, which tells you if a site have been established as legal, using a color coding system. Of course, nothing is convinced on the Internet and legal sites are sometimes hacked. 

But as you know that there are a lot of online site which are fake and they are stolen the personal data and information. I think this thing is bad and it makes the bad view and image for e-commerce site and they are also effects from these unethical acts.

Reference: http://fraudwar.blogspot.com/2007/05/fake-e-commerce-sites-steal-personal.html 

E-Commerce Act 2006 of Malaysia

The Electronic Commerce Act (ECA) 2006 (Act 658) provides for legal recognition of electronic messages in commercial transactions, the use of the electronic messages to fulfill legal requirements and to enable and facilitate commercial transactions through the use of electronic means and other related matters. The Act applies to any commercial transaction conducted through electronic means including commercial transactions by the Federal and State Governments. Nevertheless, the use of such means is not made mandatory. From the outlook of this Act, one can see that it is modeled to a great extent on the United Nations Commission on International Trade Law (UNCITRAL) Model Law on Electronic Commerce (Model Law) 1996. Certain legal principles adopted including the principles of functional equivalence and technology neutrality.

With the passing of ECA 2006, e-commerce in Malaysia is not what or how it was before the existence of this statute. One fundamental task is fulfilled, namely, providing legal certainty as to the validity and legality of electronic transactions. IT users and the owners of information assets ought to get some assurance that their activities are lawful, their communications and transactions valid and their transactions are protected. It is noted that ECA 2006 has paid a serious attention to information availability being a central prerequisite for e-commerce players in Malaysia. While the Act may not be a comprehensive ‘masterpiece’, it could arguably play vital role for the information security legal framework in Malaysia.

My Comment:

In my opinion this act is still new and still have few shortages which cause the act does not contain whole area of e-commerce. As e-commerce broadly used in Malaysia now, I think that few amendment is necessary for the act to be effectively protect and cover e-commerce.

Reference: http://sonnyzulhuda.wordpress.com/2009/06/04/e-commerce-act-2006-an-information-security-perspective/

Statistics about effects of Cyber Laws on expansion of E-Commerce in Malaysia

E-Commerce is fast expanding in Asia with total revenue in the Asia Pacific estimated at USD39.4 billion in 2000. This figure increased to more than USD338 billion in 2004. According to a study conducted by Taylor Nelson Sofres (an international research agency), more people in the Asia Pacific region are shopping online and six out of nine countries surveyed showed a rise in e-commerce. In May 2002 an average of 35% of people in the Asia Pacific countries surveyed used the Internet. This is four percent more than the worldwide user average of 31%. All these suggest a positive outlook for Asia Pacific e-commerce retailers. Some Statistics on E-Commerce for Malaysia shows:

 Global Internet Population (2002) 655 million 2005

Forecast 941 million

Global E-Commerce Market (2005 Forecast)

Business-To-Business (B2B) RM16.4 trillion (IDC)

Business-To-Consumers (B2C) RM1.1 trillion (IDC)

Malaysian E-Commerce Market (2005 Forecast)

Business-To-Business (B2B) RM29.6 billion (IDC)

Business-To-Consumers (B2C) RM5.7 billion (IDC)

Malaysia was also one of the first countries to introduce a specific set of laws covering the Internet. Known as Cyber Laws, and enacted in 1997, they include the Computer Crimes Act 1997, the Digital Signature Act 1997, and the Telemedicine Act 1997. The Malaysian Communications and Multimedia Act 1998 or CMA was also enacted, which saw the set up of a regulatory arm for the Ministry of Energy, Communications and Multimedia namely, the Communications and Multimedia Commission in 1998. This Commission regulates communications and multimedia activities including telecommunications, broadcasting, and more recently, postal services. When asked to respond to what extent the statement/items that referred to provisions in the Act/cyber laws would have a negative or positive impact on the growth of e-commerce, 46.9 per cent perceived that they would have a negative impact on the growth of e-commerce in Malaysia, 12.2 per cent perceived them as having no impact and 34.1 per cent perceived them as having a positive impact on the growth of e-commerce in Malaysia.

My Comment:

I believe that this statistics show the fact that Malaysian present Cyber laws are not enough then it could effect on the expansion of e-commerce in Malaysia. The lacks have to be solve to make sure that Malaysia’s population is not very in trouble on e-commerce matters.

References:

http://mgv.mim.edu.my/MMR/0106/010604.Htm

 www.matrade.gov.my/e-commerce/fact_figure.htm

E-commerce and footprints of a Cyber Thief

E-commerce is starting to distinguish the caution signs that show probable fraud. Here you can find some footprints or tracks of a cyber thief.

1.     Orders at Late night. A great percentage of fraud orders take place late in the evening or early morning. E-commerce crime and fraud enlarges at night. According to the E-commerce websites reports and statistics, I found that 9 out of 10 orders were done between midnight and three in the morning.

2.     Orders located outside the country. I read a lot of statistics on this subject and there have been some differences on which countries create the maximum frauds. Some of these countries are Russia, West African, and South American countries seem to create reliable great numbers.

3.     Free and nameless e-mail services. I don’t agree that every order did with a free and nameless e-mail service is hustler, In my opinion approximately 95% of all fake orders were did with these kinds of services. I have found that all of these hustlers by means of these e-mail services had legal ISP’s, but they chose these free e-mail services to be anonymous. You cannot get the name and other information from these services without having password of email.

4.     Huge money orders. I think money is no matter when it’s not yours.

5.     E-mail address. The e-mail address can provide some signs. The e-mail address, in many cases will be the same of customer’s name. But they can choose an anonyms ID for email address.

6.     Frequent tries to order from the same card. Please review all of your repeated and unsuccessful order entry efforts.

7.     Everyday calls from purchasers. I really enjoy of this one case because you have an opportunity to record and follow the tracks of calls. Fraudsters will call frequently to check the status of orders.

I want to tell you that none of these signs are a complete identifier of E- commerce fraud and crimes. These are just indicators of possible fraud and crimes.

Reference:

http://www.lainet.com/factfind/database.htm

http://www.neerajaarora.com/cyber-criminal-arrested-through-digital-footprint-an-excellent-job-by-special-cell-delhi-police/

http://www.wilsonweb.com/wct1/980615ai-screen.htm

Order Procedure Crimes in E-commerce

Offences linked to order procedure characteristically don’t need the high level of technological information which does hacking into the Website itself. These crimes consist of:

• Unacceptable or stolen credit cards utilize.
• Illegal acquire, occasionally by children or teenagers with a parent’s credit card.
• Fake claims that a good was not delivered. Applicants may attempt to get a free of charge second copy of the good.

My Comment:

I have some suggestions for fighting with order linked crimes use applicable technology and best practices such as:

• Necessitate of registration. Use of a onetime only registration process. This data can later be used to confirm buys and order related contacts.
• Unclear credit card numbers. Scramble the credit card number in the order procedure.
• Draw on password timeouts. If the customer does error in typing password, stop the order.
• ·        Do not transport to post office boxes
• Have a phone number. If a customer doesn’t want to give you contact data, this could be an alert for fraud.
• Set up fraud defense software.

 Reference:http://eng.hi138.com/?i21576