Loss of transaction integrity, the effects of which may be compounded by the lack of an adequate audit trail in either paper or electronic form.
Pervasive e-comer security risks including virus attacks and the potential for the entity to suffer fraud by customers, employees and other though unauthorized access.
Improper accounting policies related to capitalization of expenditures such as website development costs, misunderstanding of complex contractual arrangement, title transfer risks, translation of foreign currencies, allowances for warranties or returns, and revenue recognition issues.
Noncompliance with taxation and other legal and regulatory requirements, particularly when internet e-commerce transactions are conducted across international boundaries.
Failure to ensure that contracts evidenced only by electronic means are binding.
Over reliance on e-commerce when placing significant business systems or other business transactions on the internet.
Systems and infrastructure failures or crashes.