Risk Management and Audit for E-Commerce

Abstract

The risks for E-commerce include both technology risk and moral hazard. Information technology such as Internet is the core factor influencing the development of E-commerce. However, technology risk is a big threat for the application of information technology. In this paper, the technology risks are divided into 4 parts which are the risk form hackers, peep, structural defects on information infrastructure for E-commerce and the drawbacks of the information system for companies. Besides, moral hazard is comprised of repudiation, fake web pages, privacy violation and accuracy of information. Audit is an important method for risk management for E-commerce. This article applies the external and internal audit to management the risk in E-commerce.