E Commerce Security Threats And The Solutions Essay

During the early 1960’s, E-Commerce businesses conducted electronic transactions via primitive computer networks† but the way these transactions were exchanged provided little to no security(34).This made online transactions on WWW(World Wide Web), not reliable and unsecured making consumers eager to not take the chance of risking their information, on an unprotected system. During the early 1960’s came â€Å"Electronic Data Interchange(EDI). EDI replaced traditional mailing and faxing of documents with a digital transfer of data from one computer to another†.(35)This was the first step toward the E-Commerce that is present today.Then the influential SSL protocol would come to be which helped to improve the state of security on the WWW. This led to more protocols being introduced, leading to other detrimental protocols such as (3D Secure, TLS, SET). These protocols, that were just mentioned are still widely used today. This paper will go over the threats a nd the solutions of E-Commerce security. E-Commerce security threats according to â€Å"FindLaw UK, major threats to E-Commerce can be grouped into two categories, malicious and accidental threats†.(34) The first threat gone over will be malicious threats which â€Å"include hackers attempting to penetrate a system and steal sensitive data, burglars stealing a laptop that has sensitive data on it and impostors posing as legitimate users and then copying website information†.(34)Another major threat to E-Commerce â€Å"involves attackersShow MoreRelatedSecurity and Payment Issues Faced by e-commerce Business in the Hospitality Industry978 Words   |  4 Pagesviolations and cyber-attacks to e-commerce systems especially in the hospitality industry. â€Å"In 2011, Trustwave SpiderLabs conducted 42 percent more data breach investigations than in the previous year. 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