This website uses cookies to ensure you have the best experience. Learn more

E Commerce: Security And Privacy Essay

2129 words - 9 pages

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 system is not secure, trust and confidence in the system by online customers will begin to deteriorate. There are currently 4 major categories of electronic payments systems: (1) electronic cash, (2) online credit card payment, (3) electronic checks and (4) small payments. Each one of these payments has their advantages and limitations.

E-cash is a more convenient and flexible way of handling payments than traditional money. It can be used by both, consumers and businesses. Banks that issue E-cash could find it much cheaper than handling checks and the paper records that accompany traditional...

Find Another Essay On E-commerce: Security and Privacy

e-Business and e-Commerce Infrastructure Essay

2009 words - 8 pages -commerce because it helps protect consumers from undesirable scams and businesses online. Although e-commerce is becoming more popular, many people are still concerned with the security and privacy of it. These are a few perceived disadvantages of e-commerce. Privacy is the number one reason that non-online shoppers do not shop online (Bilstad & Enright, n.d). Many people, especially the middle-age or elderly do not trust the privacy

E-Commerce and Vladimir Zwass Essay

3020 words - 12 pages . As such, expenses have been drastically reduced and profits have risen for the organizations. Limitations of e-commerce to organizations When organizations place information on the websites, they have no control of who is using it and security becomes an issue. This information is usually prone to hacking by individuals. Moreover, organizations risk exposing key information about their businesses and processes to the public and to their

Business Administration and E-Commerce

909 words - 4 pages With the astonishing growth of the Internet, many companies are finding new and exciting ways to expand upon their business opportunities. There are very few successful companies that do not use computers in their everyday business activities, which also means there are few companies that do not use e-commerce. "To most casual Internet surfers, e-commerce means online shopping; workaholics pointing their web browser to Amazon.com to order an

Web Mastery and E-Commerce

533 words - 2 pages there?CWP CERTIFICATION LEVELSThere are three levels of IWA Webmaster Certification (CWP -Certified Web Professional): CWP Associate, CWP Specialist, and Master CWP Certification Tracks.CWP Associate CertificationCWP Specialist Certification Tracks:·CWP Site Designer·CWP Server Administrator·CWP E-Commerce Specialist·CWP Internetworking Specialist·CWP Enterprise Developer·CWP Security Specialist·CWP

Security, commerce and the int

1123 words - 4 pages Security, Commerce and the Internet As the internet/world wide web (www), gradually became more available to ordinary computer users, it was obvious that it would become a target market for commercial retailers, financial services, etc. The benefits to seller and buyer are readily apparent - shopping and banking from home; travel arrangements; ticket reservations; and holidays can all be purchased quickly and accurately. Access to a

Electronic Commerce (E-Commerce) and the Global Economy

1212 words - 5 pages major ethical issue in EC. In addition the use of EC often results in disintermediation or the ‘eliminating of the intermediary’ (428) within a company. Thus several ethical, legal and security issues are raised with the incorporation of EC in our world today. Conclusion Some examples of future trends related to E-Commerce include, advanced forms of text messaging and chat, automatic purchases of goods and services whenever the

E-Commerce Shift Towards Personalization, Dynamic Pricing, and M-Commerce

1736 words - 7 pages Over the last few years the rapid expansion of the internet has lead to many technological, business and social shift. Examples of such shifts are the increased demand for greater internet bandwidth, the movement from physical shops to online shops and the social acceptance and trust in using the internet for financial transactions. As the internet and E-Commerce become more integrated into our lives they continuingly drive changes in how we

E-commerce and the Global Market

1822 words - 7 pages commerce comes with its share of economic, social and legal issues. Consumers are hesitant to use online business because they often have limited guarantees about the privacy of their information. If the privacy issues can be addressed, electronic commerce has the potential to play a positive role in helping improve the world of business. E-commerce systems could help further businesses establish personal relationships with customers, target

Pros and Cons of E-Commerce

538 words - 2 pages Pros and Cons of E-Commerce      Electronic commerce or e-commerce involves the buying and selling of products or services over the internet. Put simply, e-commerce means conducting business online. E-commerce software programs run the main functions of an e-commerce web site, including product display, online ordering, and inventory management. This software resides on a commerce server and works in conjunction with

E-commerce, case for Amazon and Dell

1291 words - 5 pages E-Commerce or Electronic commerce, has developed very rapidly in the last few years. Most people think e-commerce is just about buying and selling things over the Internet (Wareham, 2000). E-commerce is a broad term describing the electronic exchange of business data between two or more organizations' computers. Some examples might be the on-line banking and online purchasing.Increasing competition worldwide, increasing demands made by customers

E-commerce: Its development and future prospective

696 words - 3 pages feel like. This study discusses the development of e-commerce and its future prospects. What is e-commerce? E-Commerce is the short form of electronic commerce. E-Commerce is the use of electronic data transmission to implement or enhance any business process. Examples of e- commerce are, electronic funds transfer, the use of automated teller machines, online tracking of shipments and electronic data interchange between business communities. E

Similar Essays

E Commerce Security Essay

1515 words - 6 pages Write a 1000 to 1400 word paper that describes the legal, ethical and regulatory issues that the Web sites must address. Describe how each site handles security, confidentiality and International issues.E-Commerce SecurityThe popularity of the internet and growth of e-commerce has transformed the way that companies conduct business. E-commerce has made it possible for companies around the world to participate in the global marketplace using the

Explain The Main Developments In E Commerce Security

1748 words - 7 pages E-Commerce SecurityCoursework March 2004Jonathan Lelliott - A052956Part II - 1The RSA Algorithm is a form of asymmetric public key cryptography that bases its security in the difficulty of factoring numbers. For Eve to properly decrypt the message that she intercepted, she would normally require the private key of the intended recipient. The sender issues a public key to each intended recipient of the message who then use import it into their

Amazon And E Commerce Essay

821 words - 4 pages a result, the managers in Amazon had a very good foresight of the development of online shopping. Moreover, they create innovative site features to cater to the taste of consumers. Consumers can search some inside page of the book, and the searching engine is very human, approachable and responsive. Secondly, not only Amazon takes the most of the e-commerce, but also the M&A (Mergers and acquisitions) strategy helped Amazon to get access to the

Internet Privacy And Security Essay

1113 words - 5 pages Technology is great in so many ways. It has provided us with more communication access, access to knowledge at our finger tips, and so much more. Technology has overall made life easier, but maybe too easy, and has made things a lot less private. This results in us having to be extra careful with security on the internet. Internet security is important to protect our privacy, protect us from fraud, and from viruses that could destroy a piece