#cont..Question 5

Question 5 : What types of regulatory issues might occur due to this type of technology?

The possibility to be fraudulent

• The consumers may have consequences for being fraud because the suppliers  have the opportunity to deceive customers. Thus, customer only will be charge by the product even the suppliers does not have stock anymore.

System breakdown

• If during the transaction money, system were breakdown it maybe create any changes of difficulties to consumer. For example is the possibility to supplier did not able to charge to telephone bill of their customer.

Personal details will be hacked by hackers

• As we all know, today environment is more dangerous, especially IT hackers..these hackers will using our identity, for example using our ic number or account number..
• these hackers maybe will making any transaction or purchasing any online product..thus the implication will effect the account of telephone bills.