Scribd
Upload
8 views4 pages

E-Commerce Mod 3

The document discusses the critical need for security in e-commerce, highlighting risks such as data breaches and financial fraud, and emphasizes the importance of protecting sensitive data, maintaining trust, and complying with regulations. It outlines the collaborative responsibility for security among customers, employees, organizations, and third parties, and identifies basic security issues and various types of threats faced by e-commerce platforms. Additionally, it covers strategies for managing e-commerce security, including risk assessments, implementation of security protocols, and securing communications and networks.

Uploaded by

121322090033
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
8 views4 pages

E-Commerce Mod 3

The document discusses the critical need for security in e-commerce, highlighting risks such as data breaches and financial fraud, and emphasizes the importance of protecting sensitive data, maintaining trust, and complying with regulations. It outlines the collaborative responsibility for security among customers, employees, organizations, and third parties, and identifies basic security issues and various types of threats faced by e-commerce platforms. Additionally, it covers strategies for managing e-commerce security, including risk assessments, implementation of security protocols, and securing communications and networks.

Uploaded by

121322090033
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 4

Mod 3

1. Need for Security in E-Commerce

E-commerce involves the buying and selling of goods and services over
the internet. The reliance on technology exposes businesses and
consumers to significant risks, including data breaches, identity theft, and
financial fraud.

 Protection of Sensitive Data: Transactions often involve sensitive


information such as credit card details, personal identification, and
login credentials. Without proper security, this data can be
intercepted and misused.

 Trust and Credibility: Customers need assurance that their


personal and financial data is secure. Lack of security can harm a
company’s reputation, leading to loss of business.

 Regulatory Compliance: Many governments mandate strict data


protection laws (e.g., GDPR in Europe, CCPA in California) that
businesses must adhere to, making security a legal necessity.

 Prevention of Financial Loss: Cyberattacks, such as Distributed


Denial of Service (DDoS) and ransomware, can disrupt operations,
leading to financial losses.

Example: In 2013, Target experienced a major data breach, exposing the


personal and credit card information of over 40 million customers. This
incident underlined the importance of robust security measures in e-
commerce.

2. Security is Everyone’s Business

Security is not solely the responsibility of IT departments; it requires a


collaborative effort involving all stakeholders.

 Customers: Should be aware of phishing scams, use strong


passwords, and ensure they only shop on secure websites (look for
HTTPS and security certificates).

 Employees: Need training to recognize social engineering attacks


and follow company protocols to protect sensitive information.

 Organizations: Must implement policies, procedures, and


technologies to secure their systems and educate stakeholders
about security best practices.

 Third Parties: Vendors and partners also play a crucial role. A weak
link in the supply chain can expose the entire network to risks.
Example: In 2020, the SolarWinds attack demonstrated how
vulnerabilities in third-party software could compromise multiple
organizations.

3. Basic Security Issues in E-Commerce

Several fundamental issues need addressing to ensure e-commerce


security:

 Authentication: Verifying the identity of users and systems to


prevent unauthorized access. Solution: Two-factor authentication
(2FA), biometric systems.

 Authorization: Ensuring users have appropriate permissions to


access specific resources. Solution: Role-based access control
(RBAC).

 Data Integrity: Ensuring data is not altered during transmission.


Solution: Use of cryptographic hash functions.

 Non-repudiation: Ensuring that parties in a transaction cannot


deny their actions. Solution: Digital signatures.

 Confidentiality: Ensuring sensitive data remains private.


Solution: Encryption protocols like SSL/TLS.

Example: PayPal employs a robust mix of authentication, encryption, and


fraud detection measures to secure transactions.

4. Types of Threats and Attacks

E-commerce platforms face a variety of security threats, which can be


categorized as follows:

 Phishing: Deceptive emails or websites that trick users into


revealing sensitive information. Example: Fake payment gateway
pages mimicking legitimate ones.

 Malware: Software designed to damage or disrupt systems, such as


viruses, worms, and trojans. Example: Ransomware attacks locking
up payment systems.

 Man-in-the-Middle (MITM) Attacks: Interception of data between


users and e-commerce sites. Example: An attacker intercepting
credit card information during checkout.

 SQL Injection: Exploiting vulnerabilities in a website’s database by


inserting malicious SQL queries. Example: Gaining unauthorized
access to user accounts.
 DDoS Attacks: Overloading a website’s servers, making it
inaccessible to users. Example: High-profile attacks on major e-
commerce platforms like Amazon.

5. Managing E-Commerce Security

Managing security involves a combination of technological solutions,


policies, and education.

 Risk Assessment: Identifying and prioritizing potential threats to


determine appropriate security measures.

 Implementation of Security Protocols: Using firewalls, intrusion


detection systems (IDS), and encryption techniques.

 Employee Training: Ensuring staff are aware of potential threats


and how to respond to them.

 Regular Audits and Updates: Continuously monitoring and


updating systems to patch vulnerabilities.

Example: Shopify provides tools and guidelines for its merchants to


conduct risk assessments and implement best practices.

6. Securing E-Commerce Communications

 Encryption: Protects data during transmission to ensure


confidentiality. Example: Secure Sockets Layer (SSL) and Transport
Layer Security (TLS) are commonly used to encrypt data.

 Virtual Private Networks (VPNs): Provide secure connections for


remote employees or partners accessing the e-commerce network.

 Email Security: Ensures communication between businesses and


customers is safe from phishing attacks and unauthorized access.
Example: Digital signatures on transactional emails.

7. Securing E-Commerce Networks

 Firewalls: Act as barriers between internal networks and external


threats.

 Intrusion Detection and Prevention Systems (IDPS): Monitor


network traffic for suspicious activities and respond accordingly.

 Endpoint Security: Protects devices like computers, smartphones,


and tablets used to access e-commerce platforms.

 Regular Penetration Testing: Simulates attacks to identify


vulnerabilities in the system. Example: Ethical hacking to uncover
weak points in an e-commerce website.

You might also like