Archive for December, 2010
Why to Restrict Internet Business with E-Commerce Laws?
It might sound contrary to some that commercial transaction on the so-called ‘free and fair’. Internet need to be governed by laws. E-commerce law is the governing law that controls the unfair usage on internet and websites. Perhaps it is the free and fair nature of the medium that had necessitated the need for regulations to check fraud that is so ubiquitous in transactions conveyed through the Internet.
When the Internet was thrown open to the public and as it became a popular means of conducting commercial transactions, it did not take long for fraudsters to set their eyes on the media. That it took so long for many nations to enact a proper e-Commerce law shows how wrong lawmakers were in failing to understand the potential the Internet had to wreck havoc in our lives, especially those among us who were attracted by the charm of the Internet, but were technologically challenged to take adequate precautions to safeguard ourselves.
Today, laws concerning e-Commerce are rather strong and pervasive to provide adequate safeguards to people who may knowingly or unknowingly fall a victim to fraudsters. The authorities have been proactive enough to spread the news about ensuring privacy and safeguarding one’s interests that most Internet users do not easily fall prey to fraud. However, fraudsters, being creative, are sure to device new methods to lure that unsuspecting customer on the net.