Ensuring the security of a businesses’ information and assets is a critical part of a company’s success. The many facets of the World Wide Web have made protecting data a critical function for companies world-wide. Companies owe it to their customers to maintain proper security regarding sensitive information obtained when processing services or storing sensitive data. Electronic commerce, or E-Commerce for short, is a type of industry where consumers buy or sell goods and services, by using the web and other computer networks during the life-cycle of a transaction, from start to finish. As various schemes are being developed by hackers as well as others with malicious intent to breach a wide array of security measures put in place by …show more content…
Worm threats inflict their damage by spreading from one computer to another, when sent by an unsuspecting user via email. A virus is a type of code that fragments and copies itself, ultimately infecting a larger portion of the system it resides in. Companies who conduct e-commerce must also be concerned with protecting the integrity of the data used by their company, their vendors, and other 3rd party entities that conduct business with them. Consumer data, marketing information and sales are among some of the most sensitive data that must be accurate in order for a business to function, at even the most fundamental level. This type of data integrity allows for information to be kept secure from prying eyes or from people with more depraved purposes.
Businesses also look for ways to keep information about their daily operations from falling into the hands of their competitors. They also have a duty to keep their vendor and customer information secure. This proves to be important when businesses are dealing with other companies in a business-to-business environment, but can be even more critical when companies are dealing with the public via online sales. If a business is unable to protect data and privacy of their online customers, those customers are highly likely to take their business elsewhere, specifically other internet sites, to conduct their
The proficiency and efficacy of the cyberspace in its application in accounting, finance, system designs, manufacturing etc., cannot be denied nor neglected. The reality of the twenty-first century is simple; no organization can survive without the adoption and implementation of the mechanism of information technology to their area of business. On the contrary perspective, there are several challenges that are associated with the cyberspace, among which is majorly cyber security. Recently the hackers’ activity has really skyrocketed and has become a major concern for organizations, states and federal governments and even international organizations. Several regulatory schemes are put in place to mitigate the activities of hackers across the globe.
E-commerce systems E-commerce systems are predicated upon internet use, which provides open and easy communications on a global basis. However, because the internet is unregulated, unmanaged and uncontrolled, it shows a wide range of risks and threats to the systems which are jeopardizing the operation.
Some security risks involved with conducting business online are imposters, eavesdroppers and thieves. Also, there are crackers or hackers, which are people who write programs and manipulate technologies to obtain unauthorized access to computers and networks. The elements of computer security are secrecy, integrity and necessity. Secrecy is protecting against unauthorized data disclosure. Integrity is preventing data from being modified by someone who is unauthorized and ensuring that the contents of emails aren’t changed before they get to he recipient. Necessity is preventing data delays or denials. It is important to establish a security policy to protect assets, to define acceptance and unacceptable behavior and to review physical and
Companies have an obligation to protect their customer’s information, which goes beyond that of complying with state and federal regulations. If the company loses the trust of their customers, they risk the chance of damaging
a type of virus that spreads itself, not only from file to file, but also from computer to computer. the primary difference between a virus and a worm is that a virus must attach to something. such as an executable file, in order to spread. worms do not need to attach to anything to spread and can tunnel themselves into computers.
One important part of E-Commerce is maintaining stringent site security, confidentiality for the customers, integrity, and availability, also a secure system must contain authentication verification of the user, Authorization, allowing manipulation of the resources in a specific way and Encryption for records and transactions.
E-commerce applications require critical networks to accommodate video, voice, and data traffic as the numbers of users increase the need for greater performance and support is necessary. As a network in a company enables more applications and are available to more users, the applications become more vulnerable to security threats. To ensure e-commerce transactions are not compromised security technology play a major role, and there are four categories that must be addressed:
While all of these technologies have enabled exciting changes and opportunities for businesses, they have also created a unique set of challenges for business managers. Chief among all concerns about technology is the issue of information security. It seems to be almost a weekly occurrence to see a news article about yet another breach of security and loss of sensitive data. Many people will remember high profile data breaches from companies such as T.J Maxx, Boston Market, Sports Authority, and OfficeMax. In the case of T.J. Maxx, a data breach resulted in the loss of more than 45 million credit and debit card numbers. In many of these incidents, the root cause is a lack of adequate security practices within the company. The same technologies that enable managers can also be used against them. Because of this, businesses must take appropriate steps to ensure their data remains secure and their communications remain
Many users are subject of Security and Privacy on the Internet issue. The term "information" now is more used when defining a special product or article of trade which could be bought, sold, exchanged, etc. Often the price of information is higher many times than the cost of the very computers and technologies where it is functioning. Naturally it raises the need of protecting information from unauthorized access, theft, destruction, and other crimes. However, many users do not realize that they risk their security and privacy online.
The use of information technology in business presents major security challenges, poses serious ethical question, and affects society in significant ways. Especially, the computer crime is a growing threat to society and is caused by the criminal or irresponsible actions of individuals who are taking advantage of the widespread use and vulnerability of computers and the Internet and other networks. It presents a major challenge to the integrity, safety, and survival of most business systems.
Viruses and worms are malicious programs that self-replicate on computers or through computer systems without the user being cognizant. Worms are a series programs that repeat themselves from system to system minus the use of a host fie. Worms use methods to infiltrate remote computers and launch replicas of themselves like email messages or coping files to an accessible disk. A computer virus is a
Technology is great in so many ways. It has provided us with more communication access, access to knowledge at our finger tips, and so much more. Technology has overall made life easier, but maybe too easy, and has made things a lot less private. This results in us having to be extra careful with security on the internet. Internet security is important to protect our privacy, protect us from fraud, and from viruses that could destroy a piece of our technology. Internet privacy and security may be different but share a responsibility, but it is up to us to take personal responsibility to protect ourselves on the internet. We should pick unique, carful passwords, and never share this sensitive information, and encrypt our data when online.
Every business runs on customer 's information, it is crucial to secure that information and to protect the customers privacy. It is always a better approach to protect them before it was stolen. It is more important to not to compromise to evil hands than any other disaster from natural devastating. It is crucial to protect the data as we cannot replace once it lost and secure our business.
A threat agent is the facilitator of an attack however; a threat is a constant danger to an asset.
In today’s highly connected digital ecosystem, our lives, businesses, communications, and a lot of activities depend on the websites and web applications. All websites contain sensitive data and deliver business-critical information services to the targeted audience. Due to the rapidly increasing use of websites and web applications, vulnerabilities have become quite rampant. Even the smallest security loophole can give cybercriminals a chance to destroy the web-based business, damage customer confidence, and brand reputation in a short time span.