Author(s): Almas Toleuuly, Bauyrzhan Yessengeldin, Zhibek Khussainova, Anar Yessengeldina, Azamat Zhanseitov, Sholpan Jumabaeva
E-commerce has become a major trend of the contemporary economy where businesses have significantly shifted their transactions to online platforms in order to take advantage of the global market. Today, companies executing their business activities through the internet are among the largest and most profitable ventures. However, the growth of e-commerce is accompanied by an increase in risk exposure, meaning that risk management in online transactions is the most important factor in promoting the survival of business organizations in the long-term. Fundamentally, these risks relate to information security, fraud, e-commerce legislation, or payment methods, and they are generally referred to as cyber-security risks. To manage risk effectively, e-commerce companies have continued to invest in security-related technologies that also promote successful operations.