E-Commerce Security Issues

However, this definition seemed to be impartially narrow by some people, therefore, with the new term E-Business has emerged, that brings out wider definition of E-Commerce. It is important to note that E-commerce is not just restricted to selling and buying of goods and services, however it also service customers, cooperating with business partners and leading electronic transaction within the company (Song & Zahedi, 2001).

One of the significant success factors of E-commerce is its security, it kept secure the credit card details and extremely sensitive personal information of the customers.

E-Commerce:conduct the business transaction electronically via Internet,including electronic trading market, Internet marketing, online transaction processing, electronic data interchange (EDI) etc.

This convenience gives consumers immediate feedback on exactly what they are looking for at the precise time. Second, e-commerce offers sellers an opportunity to reduce costs while at the same time provide market expansion since e-commerce is open to anyone with access to the Internet. E-commerce minimizes the need for a physical store as well as the need for staff members; thus reducing overall labor expenses. “Internet technologies also permit sellers to track the interests and preferences of their customers with the customer’s permission and then use this information to build an ongoing relationship with the customer by customizing products and services to meet the customer’s needs” (E-commerce advantages). Not only has e-commerce exploded over the past decade, but year after year, organizations are reaping the benefits of profitable earnings and successful customer service due to their ongoing ability to satisfy needs via the Internet. A fourth advantage e-commerce presents is lower transaction costs. The reason for this is because e-commerce employs an automated order tracking and billing system, therefore, allowing consumers to oversee the entire business cycle from ordering, building, shipping, etc. For example, Dell tracks each computer through the entire manufacturing and shipping process, thus, allowing customer to see exactly where their order is at any given time

E-business uses the digital technology to optimize the business activities of organization in order to increase the efficiency and effectiveness of operation and gain competitive advantages. E-business provides the solution that allows the organization to instantly share database, information of products and services, financial figures and data and nearly anything else that the organization may need to operate the business activities effectively and efficiently (Nguyen, 2013). E-commerce which is the abbreviation of electronic commerce is the subset of e-business. It focuses on the online transaction which includes selling of products or service by using computer network, primarily the Internet.

E-trade offers enticing yet conservative support to any size or sort of business. By choosing ecommerce, you can grow your business edges to worldwide skylines or crush them to profoundly engaged business sector fragments, according to subjective business astuteness and tact.

2. Efficient Customer Service: E-commerce provides an effective and efficient customer service, online customers to provide them with a very wide range of services, from before the beginning of after sales. The service includes providing related products, methods / ways to use, practical product specification through a video presentation of information, they are very quickly respond to customer inquiries and any other

E-commerce has a no. of benefits to companies & customers in terms of cost reductions & time saving, which are equivalent to profit generation.

It seems that companies too often lose credit card information, social security numbers, addresses, and other personally identifiable information. In each case there are steps that can be taken to mitigate or prevent such damage from occurring. This paper attempts to provide a basic overview of security practices that electronic commerce companies should follow.

This project will look at e-Commerce, concentrating on security measures of an online auction site, eBay. Security on the Internet is a concern for any online business in today's society. We will discuss online services, how businesses on the Internet conduct their transactions and shipping. With eBay we will be looking at their operation procedures while concentrating on Firewalls, Transparent Cryptographic File and Public Key Infrastructure as possible solutions for security measures.

E-business is the continuous optimization of a firm’s business activities through digital technology (allows the storage and transmission of data in digital formats.) E-business involves attracting and retaining the right customers and business partners. E-commerce is the subset of e-business focused on transactions. E-marketing is only one part of an organization’s e-business

Electronic commerce, commonly known as e-commerce consists of the buying and selling of products or services over electronic systems such as the Internet and other computer networks.

E-commerce is short form of Electronic Commerce which actually means the virtual business or buying and selling of products or services over electronic systems such as the internet and or mobile networks. The invention of faster internet connectivity and powerful online tools has resulted in this new method of trading or commerce arena – Ecommerce. Ecommerce offered many advantages to companies and customers but it also caused many problems. It is a fact that even today many people are skeptical about using online transaction for the fear of either goofing up or being duped!

E-Commerce Security Issues "The new electronic interdependence recreates the world in the image of a global village." (From The Medium is the Message) Historical Glimpse Marshall McLuhan was the first person to popularize the concept of a global village, and to predict its social effects. His insights fundamentally changed how everyone has thought about media, technology, and communications ever since. He chose the phrase "global village" to highlight his insight that an electronic nervous system was rapidly integrating the planet, so that events in one part of the world could be experienced in real-time from other parts, which is what human experience was like when we lived in small villages. Since he describes the world global village, the world is starts emerging over one point (Internet) and it is quite true yet. (http://livinginternet.com/?i/ii_mcluhan.htm) Introduction In almost all aspects of life we are facing security issues, either if we are talking about literal world or talking about cyber world. Since this world is originated and men started earning, financial and commerce security issues are always been there. After the invent of the Internet our world is now become global village, through Internet we can communicate easily, effectively, and rapidly with low cost. The Electronic Commerce (E-Commerce) is the other vital use of Internet, through this companies are doing business of billions of dollars in the year, and corporations are expecting more and more

The first advantage that e-commerce possesses is the speed. With the Internet, businesses could exchange messages or complete transactions almost instantaneously even with slowest connection. Business owners now have the ability to change and inform the customers of their services and offers over the internet. This also allows for you to update marketing and promotional materials as often and as frequently as you would like. With increased speeds of communication, the delivery time is expedited and that makes the whole transaction from start to finish more efficient.