E-commerce: Security and Privacy

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E-commerce: Security and Privacy As the evolution of the internet and purchasing online becomes popular, so do the security factors that contribute to the ways of eliminating fraud, theft, and acquiring personal information. E-commerce has created many new ways for customers to make payments including e-cash, e-cheques, and e-wallets. In the 21st century, many organizations worked hard at securing communications and payments made through e-commerce transactions. In doing so, customers would be able to feel a sense of trust, confidence and assurance that their information is safe. Many technological developments are being tested and today even implemented through that very system, of e-payments. Already being used today are smart-cards and e-wallets, which in fact work well at creating a safeguard for customers information. Customers now have the convenience of quick and more efficient ways of making transactions and saving data effortlessly with the click of a button. Authentication programs such as VeriSign Secure Site Program, allows one to learn more about web sites users visited before they submit any confidential information, in addition to permitting one to submit sensitive information like one’s own credit card number. Such programs are being used on sites such as Ryerson’s website, where students can make payments through the system where credit card information is used. Public key infrastructure and digital certificates help companies battle the wave of illegal activity and enhance the business models. Today many businesses are using firewalls as a way to add security to a network. Virtual Private Network allows users to gain secure access to its organizations network. Companies that have used these technologies are paving the way for future security methods. Encryption and decryption are always used whenever secure sites are accessed so that users that enter information can not be accessed by unauthorized people. 56 bit used before and the 128-bit encryption is becoming the standard at the moment. Many companies who conduct business electronically have the responsibility of making sure that when payments are made over the Internet, accuracy and security become extremely critical. The main concern with electronic payment is the level of security during each step of the transaction. For if there is the slightest possibility the payment sys... ... middle of paper ... ...t. It also prevents viruses and other malicious attacks at the gateway and furthermore, notifies users if any foul intrusions are detected. Detailed login and accounting information is also noted to give notification on all the communication attempts within the system. As e-commerce continues to grow internet security and privacy becomes more and more of a challenge in the forseeable future. People are still concerned about giving their information online. Therefore it is up to the retailers to assure their customers that making a purchase online is safe and secure. The use of 56-bit and 128-bit encryption technology has definitely helped ease the minds of customers by offering them a sense of security. However, there is no gaurantee that this security measure can prevent hackers from cracking the code if they really wanted to. In the future, there will be a greater dependence on the Internet than ever before, and not just for e-commerce, but also for control of critical infrastructure (power generation, communications, transportation, etc.). While this will bring great efficiency, it also means that the downside of a severe attack on the Internet will be greater than ever.

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