The document discusses emerging modes of business such as online transactions and business process outsourcing (BPO). It describes the four phases of online business as registration, placing an order, payment mechanisms, and delivery. It also discusses some security and safety risks of e-business like transaction risks, data storage risks, and risks of threats to intellectual property and privacy. Finally, it provides a brief definition of BPO as outsourcing business processes like production, buying, and selling to outside organizations.