Security is still biggest hurdle for e-commerce

CONCERN OVER security is holding back e-procurement on the internet, according to a recent survey by accountants PricewaterhouseCoopers. Of 400 business leaders polled, more than a third said security issues made them reluctant to do more business online. The survey also revealed an enduring preference for doing business with companies which have a physical presence […]

CONCERN OVER security is holding back e-procurement on the internet, according to a recent survey by accountants PricewaterhouseCoopers.

Of 400 business leaders polled, more than a third said security issues made them reluctant to do more business online.

The survey also revealed an enduring preference for doing business with companies which have a physical presence rather than only existing in cyberspace.

Two thirds of those questioned felt easier dealing with `bricks and mortar’ suppliers online, and they stressed the need to build up a high level of trust before trading with a company via the internet.

www.pricewaterhousecoopers.com

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