Subjects:
Web security is a main issue of electronic commerce. The main reasons being are: security of safe documents, data, and information relating to a business or person's financial statements. This can lead to loss of confidential documents and in turn loss of privacy and money. This creates a great deal of worry to people and buisnesses and therefore, it has caused awareness of safety and security around the world.
"Electronic commerce covers any form of business or administrative transaction or information exchange that is executed using any information and communications technology (ICT).”
E-commerce can be divided into three areas of activity: 1. Business to business 2. Business to consumer and 3. Government to nation (that includes both businesses and the citizen)
1. Business to Business: is the main area of acitivity and it is believed that it will remain like this in the future as well. This area covers everything from communication between retailers an
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(iv) SET (secure electronic transactions): A standard for safe e-commerce developed by Visa, MasterCard and others. A customer reveals his/her credit card number online to an unknown source, which in turn makes it easy for others to get a hold of.
Trading Electronically
Business to business trade over the internet has been actively used for the last twenty-five years and is heavily used today due to its attractiveness and public demand by the people and media. Their main goal is to ease consumer fears of online purchasing and to save consumers, large sums of money by avoiding unathorized sales. It is also a cheaper and more convenient method of doing business and communicating because you can just write an email instead of having a messenger to deliver your message or instead of you calling over phone. Thus, opening up hitherto impossible or innovative possibilities, providing instant access to products and services worldwide. This usually diverts attention to being more aware and alert of electronic commerce and the importance of security. Consumers must be very cautious about whom they give credit card numbers to and what they register or purchase over the net. Due to this, many consumers are reluctant to purchase online, thus affecting the internet marketplace.
Here are some other measures which are taking place: (i) Electronic Data Interchange (EDI): EDI comprises the standards and services that allow companies' computers to perform electronic transactions such as purchase orders without human intervention.
How Do Companies Get Affected?
As companies join exchanges and give trading partners access to their internal systems, they have to worry about more than just their own port to the outside world. With the free Private Payments system, customers can get unique credit card numbers linked to their standing account each time they make a purchase online.
(v) Cytogrophy: Cryptography has become one of the main tools for privacy, trust, access control, electronic payments, corporate security, and countless other fields.
Essay's Topics
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