E-commerce Security

and Payment Systems

 WHAT IS GOOD E-COMMERCE SECURITY?
The multi-layered nature of e-commerce security.
To achieve the highest degree of security possible,
various technologies are
available and should be used.
But these technologies by themselves do not solve the
Organizational policies
problem.

and procedures are required

to ensure the technologies are
not subverted;
Industry standards and
government laws are required
to enforce payment
mechanisms, as well as to investigate
and prosecute violators of laws designed
to protect the transfer of property in
commercial transactions
DIMENSIONS OF E-COMMERCE SECURITY
Integrity refers to the ability to ensure that information being displayed on
a website, or transmitted or received over the Internet, has not been altered
in any way by an unauthorized party

Nonrepudiation refers to the ability to ensure that e-commerce

participants do not deny (i.e., repudiate) their online actions.

Authenticity refers to the ability to identify the identity of a person or

entity with whom you are dealing on the Internet

Confidentiality refers to the ability to ensure that messages and data are
available only to those who are authorized to view them.
Sometimes confused with

Privacy, which refers to the ability to control the use of information a

customer provides about himself or herself to an e-commerce merchant

Availability refers to the ability to ensure that an e-commerce site

continues to function as intended.
DIMENSIONS OF E-COMMERCE SECURITY
THE TENSION BETWEEN SECURITY AND
OTHER VALUES

• Security versus Ease of Use

• Public Safety and the Criminal Uses of the

Internet
SECURITY THREATS IN THE E-COMMERCE ENVIRONMENT
 Policies, procedures, and
laws in creating security
 In order to minimize security threats, e-commerce firms
must develop a coherent corporate policy that takes into
account the nature of the risks, the information assets that
need protecting, the procedures and technologies required
to address the risks, as well as implementation and auditing
mechanisms.
 Public laws and active enforcement of cybercrime statutes
also are required to both raise the costs of illegal behavior
on the Internet and guard against corporate abuse of
information
 Develop a security plan
E-COMMERCE PAYMENT SYSTEM
E-COMMERCE PAYMENT
SYSTEM
Limitations of Online Credit
Card Payment Systems
 The most important limitations involve security,
merchant risk, administrative and transaction
costs, and social equity.
ALTERNATIVE ONLINE
PAYMENT SYSTEMS
 online stored value payment system
permits consumers to make instant, online
payments to merchants and other individuals
based on value stored in an online account
E.g PAYPAL
MOBILE PAYMENT SYSTEMS:
YOUR SMARTPHONE WALLET