Consumer Risk Perception Towards Cybercrimes and E-Commerce: The Case of Malaysia

Consumer Risk Perception Towards Cybercrimes and E-Commerce: The Case of Malaysia

Copyright: © 2023 |Pages: 19
DOI: 10.4018/979-8-3693-1190-5.ch010
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Abstract

The concept of this chapter is to review the literature for a research gap on risk perception among online consumers and the intention for online purchases in Malaysia. Online platforms and digital payments make online shopping easier. During the year 2020 - 2021, online shopping had become increasingly active with the spike of the novel coronavirus pandemic. Online users who share their personal information online are most likely getting into the scammer's trap. Malaysia executed the national cyber security policy to defend the country's critical national information infrastructure. Financial awareness among online users plays a crucial role in fighting cybercrime. Digital guardianship should exist to prevent irresponsible parties from taking advantage. The routine activity theory has been proposed to explain the phenomenon whereby the offender makes the selection to commit a crime based on an online shopper as his target and the guardianship.
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Shopping Trend In New Era: Consumer Online Lifestyle

Consumer lifestyle will affect their own action in making the decision to purchase. A similar view by Herawaty and Tresna (2019) mentioned that purchase decision stems from the characteristics of a consumer’s lifestyle. If a person has a habit of spending online, he or she will consume the products that they like, without much consideration of online reviews or word-of-mouth promotion. The growth of e-commerce in Malaysia has shifted dramatically at an unprecedented pace especially during the COVID-19 pandemic, leading to consumers changing from physical shopping to online shopping, especially during the Movement Control Order (MCO) period. Accordingly, the rapid shift to online shopping has also changed consumers’ online lifestyles (Anastasiadou et al., 2020). Consumers prefer online shopping for its efficiency and convenience as well as the pricing, relative to the pricing at the physical outlets. The increasing trend for online shopping has significantly affected consumers’ purchases.

On the other hand, Stofkova, Laikep, and Stofkova (2022) further explained that consumers can purchase anything at any time with just a few clicks without having to leave their homes. Online shopping is integrated into the daily life of consumers, from purchases of apparel and groceries to hotel/flight bookings and others (Iqbal, 2019). In addition, online shopping allows consumers to draw comparisons among many online shopping websites so that they can decide upon the best-suited and reasonably priced purchases. Nonetheless, online shoppers who work five days a week from 9 am to 5 pm may face difficulties in collecting parcels physically when the delivery is made.

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