E Business w6 Discussion
Serenity3203
W6Lecture.pptx
Required Text
Schneider, G. P. (2015). Electronic Commerce (11th ed.).
Stamford, CT: Cengage Learning.
Boston, MA. ISBN: 9781285742298
BUS615 Ecommerce
Computer security is the protection of assets from unauthorized access, use, alteration or destruction” (Schneider, 2015). Understanding the risks involved with computer security is essential.
Figure 10-1 (Schneider, 2015), provides an illustration of the risks an impacts associated with computer security.
Security for client computers requires the ability to protect the client “ . . . computer from threats that originate in software and data that are downloaded to the client computer from the Internet” (Schneider, 2015).
Cookies are small files that identify returning visitors to particular web sites. The cookies contain private information about the client and the only means of protecting the client’s information completely is to disable the cookies.
“The problem with this approach is that the useful cookies are blocked along with the others requiring visitors to enter information each time they visit the website” (Schneider, 2015).
Chapter 10
Electronic Commerce Security
Communication channel security entails security between communications layers. The Internet is not meant to be secure (Schneider, 2015) and therefore layers of security must be in place to keep Ecommerce transactions secure.
Threats to secrecy, integrity, necessity, physical communications and wireless communications require encryption as a means of keeping data and information secure.
Encryption algorithms transform “ . . . plan text into cipher text (the unintelligible string of character) . . . “ (Schneider, 2015).
The encrypted text provides for a mathematical pattern that is very difficult to transcribe and thus, renders the information secure.
This form of security is essential for both physical and wireless networks.
Chapter 10
Electronic Commerce Security
Payment methods require the secure transfer of information. Payment cards make up the majority of online payment methods (Schneider, 2015, figure 11-1).
Digital wallets provide means of holding credit card numbers or electronic cash (Schneider, 2015) and making the credit card number or electronic cash securely accessible for online purchases.
Stored value cards include Magnetic strip and smart cards. Stored value cards provide a means of storing information related to financial accounts that can produce funds when funds are available. The difference between magnetic strip cards and smart cards is that the information in a smart card is stored in an encrypted microchip, as magnetic strip cards cannot be encrypted making smart cards more secure that magnetic strip cards.
Banking industries provide technologies for secure storage and transfer of funds and check processing functions. Increased activity from Mobile banking from smart phones and portable electronic devices are requiring banks to add services and security to support these activities. Banks also provide protection from identity theft.
Chapter 11
Payment Systems for Ecommerce
