The Pros And Cons Of Ecommerce Security

E-commerce in simple context is buying and selling (commercial transactions) of good and services through electronic systems. There are variety of commerce area is covered such as Online transaction processing, Electronic funds transferring, Automated data collection system, Supply chain management and EDI system (Electronic data interchange).

The eradication of confidence in Internet commerce applications may cause prudent traders and clients renounce the use of the Internet at the moment and reverse return to traditional methods of doing business. This lost confidence is being fueled by the continuing stories of hacker’s attacks on e-commerce sites and privacy of consumer data abuse. Hackers demand ransom from an e-commerce site not to publish

What is E-commerce security?

Security is an essential part of any operation taking place on the Internet. Client will lose his / her faith in e-commerce, if its security is compromised. E-commerce security is the protection of e-commerce assets from unauthorized access, use, alteration, or destruction. When considering about the security issues any e-commerce secure system must contain 6 main factors to reach the consumer satisfaction (6 dimensions of e-commerce)

Most of the time security breaches on the Internet occur at the endpoints. There are 3 key points of vulnerability

• Client

• Server

• Communication Channel

When we try to add more security measures to the ecommerce system the ease of use the system will reduce, more difficult a site to use and the slower it becomes.

Even though the security systems has been developed, still there are e-crimes that are happening in financial services. Security is one of the major principle and continuing concerns that has the effects of restricting customers and the organizations which are engaging in ecommerce activities. In addition the payment applications in e commerce has the most obedience issues that it is raising day by

On the other hand it guarantees you ensures that cannot spy on the other users in internet banking transactions

 Nonrepudiation - This prevents from defaulting of one party on an agreement.

3. Threats in E-commerce

There are various types of security threats in ecommerce activities.

1) Malicious Codes

• Viruses – Computer programs which can replicate and spread to other files which can harm computer files and its performances.

• Worms – A computer worm is a malware computer program that reproduces in order to spread to other computers. He often uses a computer network to spread, based on security vulnerabilities on the target computer to access it. Unlike a computer virus, it does not need to join an existing program.

• Trojan horse – At the beginning appears to benign, but then does something other than expected.

• Bad applets – malicious java applets or ActiveX controls that may be downloaded onto clients and activated merely by surfing to a web site.

2) Hacking and cyber Vandalism

• Hacker – Individuals who intend to gain unauthorized access to a computer systems. There are 3 types of