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E-business

The transaction of business by way of electronic media, such as the Internet. This generally is broader than e-commerce although some may view e-business and e-commerce as interchangeable terms.

E-business risk

Risks originating from the conduct of electronic business both within an organisation and externally using the Internet. There are both first party risks, e.g. loss of data, breakdown of equipment causing business interruption, and third party risks. See INTERNET LIABILITY INSURANCE.