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This paper examines how the rise of the World Wide Web has revolutionized the way many companies already in existence do business and created hundreds of thousands of new enterprises. It looks at how most of these e-firms probably still do not exactly know how their Web sites function, despite the fact that they are so user-friendly, and how the whole scenario becomes even more complicated when adding the problems of security and e-crimes. It discusses different security measures that can be taken, including firewalls, encryption, and network security, as well as the different types of flaws that e-commerce firms make and their impact/risk to the customer.
From the Paper:"For e-commerce sites, most of the problems occur with the credit card and payment authorization. A number of security measures exist for added protection. No universal solution exists each enterprise has different needs. Plus, no one measure will solve the problem alone.
Today, without anything beyond being savvy about computers, cyber-thieves can easily get into an online store in any part of the world. A few years ago, for example, a British hacker withdrew over $10 million from Citibank accounts worldwide. If accomplices had not given him up, he would still be at large (Siebel, 1999, p. 48). So, are banks more at risk than other online concerns and is theft that large of a problem? Unfortunately, no one can answer these questions for sure. It is difficult to determine risk because many crimes go undetected. First, they are discovered long after they have occurred due to an audit or just a fluke."
Cite this Essay:
E-Commerce Security (2003, December 11) Retrieved April 19, 2021, from https://www.academon.com/essay/e-commerce-security-46108/
"E-Commerce Security" 11 December 2003. Web. 19 April. 2021. <https://www.academon.com/essay/e-commerce-security-46108/>