The E-Commerce Obstacle

Paper Summary:

This research study discusses the ongoing threat to the burgeoning e-commerce industry, including the far-reaching implications that the danger to security and online privacy can cause. It also addresses some of the fundamental flaws in the way e-commerce is being conducted at present and offers solutions that would eliminate such glitches from future online e-commerce transactions. The explanation of the solutions provided will be done using real-world scenarios and practical examples that vividly explain how and why this threat has to be curbed. The resolution offered is intended to quicken the advancement of the e-commerce business portals worldwide without any fear of security breaches. This is done so by focusing and extracting the key limitations and weak points of the current state of e-commerce.

From the Paper:

"E-commerce has changed the way the world do business, plain and simple. It has single handedly brought more people, countries, enterprises and governments together to the same world market than all other forms of conducting methods, combined. This name, given to the electronic method of executing business, has made the task of buying every available merchandise exponentially easier and has therefore made all the more products accessible to the general population as well as businesses and industries. The boom in online trade is gaining alacrity and is destined to become the method of choice for all those who make transactions and engage in commerce. There is, however, one major problem that is hampering the success of e-commerce, and that is the risk of security that online websites face everyday. This threat to the privacy of online shoppers is limiting the outspread and global adoption of online trade. To prevent the e-commerce process from getting stunted in its infancy, effective methods have to be devised to overcome this major hurdle in the path of international technological and commercial progress."

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