E-Commerce Security Threats

Essay from the year 2011 in the subject Business economics - Trade and Distribution, grade: A, University of South Central Los Angeles, course: E-Business, language: English, abstract: In order to reassure online consumers that their transactions are secure and their credit information is safe, governments, merchants, and computer system vendors need to promote the culture of security in e-commerce. Governments need to educate people on security issues and to give up-to-date information on the way of protecting themselves against attacks. Governments need also to set up e-commerce laws and to enforce them so as to take appropriate measures against cyber crime. Merchants need to purchase more sophisticated version of software applications that have strong encryption, firewalls and other security tools. They also need to set up within their business organizations policies regarding security of information systems and should include statements on privacy and security in their websites text and graphics so as to assure online consumers. Vendors of computer systems should acknowledge that they need to be part of the solution to e-commerce security problems. Thus, they need to develop new techniques and new products so as to cope with current and future hackers’ attacks. Through such commitment, safety and privacy will be promoted in e-commerce.