Answer to Question #310530 in Management for Danu

Question

PRINCIPLES OF RISK MANAGEMENT AND INSURANCE

Discuss how enterprise risk management has revolutionized e-commerce today        (30 Marks)

Answer 1

• There is security platforms and firewalls.
• There are security protocols are up to date.
• There is a strong security policies around passwords and work devices.
• There is monitoring of suspicious or fraudulent activities.
• There is implementation and enforcement of a strong security policy.
• There is better customer care services.
• There is customer insights through tracking and analytics.
• There is increased sales with instant gratification.
• Personalized messaging.
• More opportunities to sell.