Electronic commerce, also known as e-commerce, has revolutionized the way we do business. It has made it easier for people to buy and sell goods and services online, and has made it possible for businesses to reach a global market. However, with the increasing popularity of e-commerce, security has become a major concern. There are several security issues that need to be addressed to ensure that e-commerce transactions are safe and secure.
One of the biggest security issues in e-commerce is the risk of data breaches. When customers provide their personal and financial information online, they are trusting that this information will be kept secure. However, data breaches can occur when hackers gain access to a company's database or when a company's security measures are not sufficient to protect against cyber attacks. This can lead to the theft of sensitive information, such as credit card numbers and addresses, which can be used for identity theft or fraud.
Another security issue in e-commerce is the risk of phishing attacks. Phishing attacks are designed to trick people into giving away sensitive information, such as login credentials or financial information. These attacks often come in the form of fake emails or websites that appear legitimate, but are actually designed to steal information from unsuspecting victims.
In addition to data breaches and phishing attacks, e-commerce security is also threatened by malware. Malware is a type of software that is designed to damage or disrupt computer systems. It can be delivered through email attachments, downloads, or even through seemingly harmless websites. Once installed, malware can steal sensitive information, disrupt system functions, or even render a computer unusable.
To address these security issues, e-commerce companies need to implement strong security measures. This can include measures such as encryption, which helps to protect data as it is transmitted over the internet, as well as secure servers and firewalls, which can help to prevent unauthorized access to a company's network. Companies should also have a robust security policy in place, which outlines the steps that will be taken to protect customer data and prevent security breaches.
In conclusion, e-commerce security is a major concern for both businesses and consumers. By implementing strong security measures and educating customers about the risks of online transactions, companies can help to protect against data breaches, phishing attacks, and malware, and ensure that e-commerce remains a safe and secure way to do business.
Under the guidelines,cryptography protects data confidentiality, verifies dataintegrity, establishes authenticity, prevents unauthorisedmodifications, repudiation and unauthorised use. The first, a confidential report to theDefence Signals Directorate DSD by a former senior intelligenceofficer, covers the threat to telecommunications, power supply, airtraffic control, banking and finance industries. Then next order is complete the email is sent to customer and merchant and next is company send the order of product to customer home. Familiarity with securities increases the benefits of E-commerce to a maximum extent. A study done by Comscore a consultant in this field states that when shoppers are experienced and comfortable with the services offered, spending shoots up increasing the use of internet services Kotler, 2009.
Scollay, 'Privacy Protection in Australia: How far have wecome? This also shows that any regulatory attempts to thwartencryption use may well be bypassed in future. ManyWeb sites require patrons to register first before entering, oftendivulging a wide array of personal details. Securing Payment Gateway Avoid storing the credit card information of your clients on your database. Ciphertext unreadable to humans, uses encryption. They often send them via social media inbox and stay for you to click on such statements. Integrity Integrity is another significant concept of eCommerce Security. However, the report actually examined matters of taxation conceptssuch as source, residency and permanent establishment andstrategies for collecting taxes on electronic transactions.
Banaghan, 'Visa plays a smart card to stop new services fromgetting all the credit', Business Review Weekly, 12October 1998, p. There has been some inconsistency in domain nameregistration, reflecting the chaotic nature of the Internet. Are you experiencing credit card frauds, scamming, phishing, bad bots, DDoS attacks, or any other security threat? It is noted that relevant agencies, federal and local governments are best equipped to respond to an evolving internet threat Ndou, 2004. The arcane science of encryption is called' cryptography', which, until recently, had been largelythe preserve of secret defence intelligence agencies, spies anddiplomatic officers. Meanwhile, the information sector remains vulnerable to crime andthe paper provides several case examples.
Viruses are a nuisance threat in the e-commerce world. I highly recommend using third-party payment processing systems such as PayPal and Skrill to evade all the troubles that come with processing payments on your platform. They utilize machine learning to support hostile traffic at bay. E-commerce security has its own particular and is the highest visible to security components that affect the end user through their daily payment interaction with the business. Besides, there are a few e-commerce security measures that are proven to keep hackers at bay.
Security Issues Concerned With E Commerce Information Technology Essay
Without the means tosecurely transmit funds, data and documents over networks, it isdifficult to see how any electronic age could survive. We provide solid-rock firewalls, malware scanning, and Jinson Varghese Behanan is an Information Security Analyst at Astra. This is achieved bytrying every possible combination of bits of information until thecode is broken. Educating the consumer on security issues is still in the infancy stage but will prove to be the most critical element of the e- commerce security architecture. Training and educating the consumer on security issues is still in progress. Internet Collection of interconnected networks fore-mail, file transfer and login. On 16 December 1998,the Attorney-General announced legislation to protect the privacyof personal and other data handled by the private sector, whileexempting employment records.
eCommerce Security: Common Issues & Security Measures
Thesematters included the financial and payment systems, consumerprotection, intellectual property, cryptography, encryption,authentication, certification, secure electronic transactions,content regulation, legal and social issues, and privacy. Firewalls will protect your site from threats like SQL injections and cross-site scripting. Viruses and 'Trojan Horses' can damageencryption programs or insert procedures to allow substitute keys. They should be who they say they are. Privacy involves having control over personal data without the interference of a third party. SECURITY ISSUES with digital signatures.
The merchant's Web site then contactsthe bank for confirmation that the purse is valid and has unspentfunds. In which all the business transactions are made online. Meanwhile, for public keys it is wise to utilise 1024 bit numbers in order to remain secure for now. Anyone with the technical know-how and the right skills can access, read, and modify this data. This is for example the use of firewalls and such other measures to protect data. Modern business has to consider e-commercesecurity strategies just as it has ever since credit card numberswere accepted over the telephone without signatures.
Once the session keys are agreed, communication continues with these session keys and the digital certificates. . The development of different types of electronicmoney could have considerable impact on e-commerce growth and maynot necessarily involve any government agencies. However, speed, service, privacy, security and authentication riskissues remain unclear and subject to varying policies. It means securing that any information that customers have shared online remains unaltered. To get rid of this problem website owners have to use secured authentication system 2.
These reports document the growth of the Internet in trade,competitive advantages of e-commerce, Australian success and theneed for prompt online action. It forced no-one else to usethe system, but generated much controversy. Therefore, they prevent any interception. Each user owns anduses their own wallet to administer their rights and ensuresecurity. Whether or not government ororganisations should have access to encrypted transmissions is acurrent argument.