Q.What are the security concerns associated with e-business and digital payments?

This question asks a student to state the genuine risks of digitisation honestly, balancing the earlier discussion of benefits.

While e-business and digital payments bring real convenience, they also bring genuine security concerns that a student must be able to describe honestly.

A major concern is data theft and unauthorised access, where sensitive personal or financial information is stolen or misused. Phishing and other forms of online fraud, in which a person is deceived through a fake message, call or website into revealing confidential details such as a password or a one-time password (OTP), are a widespread threat. Hacking, where an unauthorised person gains illegal access to a computer system or network, can cause loss of money, data or business reputation. Malware and viruses, harmful software that can damage devices, steal information or disrupt systems, remain a continuing risk. …