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e-Commerce and Cyber Laws-NMIMS Sep 17

e-Commerce and Cyber Laws-NMIMS Sep 17

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Q1. With the boom of E-commerce, there has been huge explosion of payment systems to cater the E-Commerce ecosystem. What do you understand by electronic payment systems? List out two payment systems along with the risks involved in each these payment systems. Provide examples to support your answer. Do consumers easily adopt online payment systems? (10 Marks)

 

Q2. B2B (Business-to-Business) and B2C (Business-to-Consumer) are two different lines of business ecosystem. Elaborate with five examples each on how B2B is different from B2C. (10 Marks)

 

Q3. “Ransomware” is the most recent cybercrime attack that has gripped the world. Over the last few days, the global ransomware attack WannaCry infected computers running on older versions of Microsoft operating systems like XP, locking access to files.

a. What are the different types of cyber-attacks? Describe two instances where such large scale cyber-attacks have taken place and have caused mayhem and destruction. (5 Marks)

b. Elaborate on the steps being taken by governmental agencies to control these cyberattacks. (5 Marks)

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