A recent data breach jeopardizing more than 15 million user accounts of an ecommerce has exposed the vulnerability of personal data on digital platforms increasingly turn to e-commerce to meet their needs from home. The cybersecurity research collective Under the Breach told in an e-mail correspondence that large companies were at a disadvantage by having a lot of employees with access to the companies internal systems. Hackers often use social engineering tactics to send phishing emails to employees, which in return allows them access to different systems inside the company, the e-mail reads. Furthermore, big companies usually rely heavily on third party companies products that integrate with their systems, which means the third parties have access to the companys internal and sensitive systems further exposing it to the risk of hacking. The collective first reported that data on an e-commerce users was allegedly being sold online for US$5,000. The breach comes at a time when e-commerce has become an essential need as people opt for online shopping during the COVID-19 pandemic. New sellers, particularly in the personal health category, have seen a 250 percent surge, while business research and consultancy firm Inventure categorizes e-commerce as one of the few sectors to benefit from social distancing. The incident would cause concern among consumers shopping in online marketplaces, especially those which held payment data such as credit and debit card information.

Make an analyze of all weaknesses based on the Good Corporate Governance points. What do you think of the management that runs on the e-commerce? Provide solutions to reduce the risks that may occur in the future to ensure the trust of all parties of the e-commerce.