Cyber Security Issues and Challenges in E-Commerce

Abstract

E-commerce (electronic commerce) is the purchasing and selling of merchandise and ventures, or the transmitting of assets or information, over an electronic network, essentially the internet. These business exchanges happen either as b to b (business-to-business), b to c (business-to-consumer), c to c (consumer-to-consumer) or c to b(consumer-to-business) It is the exchanging or in items or services utilizing computer networks like Internet or online informal communities. Here the Business conducted using computers, telephones, fax machines, barcode readers, credit cards, ATM or other electronic appliances without the exchange of paper-based documents or physically moving to a shopping centre. It includes activities, for example, procurement, order entry, exchange processing, online payment, authentication, inventory control, order fulfilment, shipment, and customer bolster. When a buyer pays with a bank card swiped through a magnetic-stripe-reader, he or she is taking an interest in e-commerce. E-commerce Security is a piece of the Information Security framework and is specifically applied to the components that affect e-commerce including of Data security and other wider realms of the Information Security framework. E-commerce security is the protection of e-commerce assets from unauthorized access, use, alteration, or destruction. E-commerce offers the managing an account industry great chance, yet additionally creates a set of new dangers and vulnerability, for example, security threats, hackings. Therefore, it is an essential management and technical requirement for any efficient and effective Payment exchange activities over the internet. Even the shopping through e-commerce has penetrated all segments of merchandise going from groceries to electronic products and even vehicles. Fast development in mobile figuring and correspondence technologies has facilitated ubiquity of e-commerce. The fundamental impediment in development of e-commerce is cyber misrepresentation and identity theft. Hackers are people who complete the cybercrime. Hence, poor security on e-Commerce web servers and in user’s computers is core issue to be resolved for fast development of e-commerce. This paper provides directions for e-commerce security in order to improve customer confidence in e-commerce shopping.

Keywords: e-Commerce, Security, Threats and Vulnerabilities, Firewall, Session Hijack, Viruses