The risk identification and monitoring of electronic business

Abstract

With the rapid development and wide applying of Internet technology, many enterprises are eager to do business through Internet. However, concerning the electronic business, the risk does not reduce but increases for the management circumstances and operating mode have changed greatly, which make traditional risk management confronted with challenges. How to identify and control risk is sticking point to run electronic business successfully. In this article, three kinds of risk factors of electronic business according to the risk sources are identified and analyzed particularly. Then, the risk monitoring process and the risk real-time monitoring system for electronic business based on this process is also presented. This system consists of five functional modules and one data interface. These five functional modules including data definition, data analysis, risk identification, risk monitoring and risk perfection are discussed in detail. The risk real-time monitoring system can be used to manage the risks in every stage of electronic business lifecycle, and can be applied in other fields.