Security and Payment Issues Faced by e-commerce Business in the Hospitality Industry

Over the years, advancing technology has created many opportunities for the world in several aspects. However, security breaches are a major downfall with advancing technology and are causing harm to millions of people in the United States. Security breaches affect the masses. Securing company data and personal information is detrimental to millions of individuals, businesses, and governments. Millions can be spent on security software within a single company to protect against hackers. In the future, improvement of softwares may decrease the likelihood of hackers retrieving confidential information.

As we talk about security breaches, let’s look into what protects businesses from getting hacked. Network security is to help protected information, to create the possibilities that various information is not being breached or hacked by other users. The network security is to be concerned about employee information, visitors and customer information, as well as vouchers and data. The consequences of security being breached can be significant in many ways. In the event of a potential breach of

“Businesses, governments, and other organizations face a wide array of information security risks. Some threaten the confidentiality of private information, some threaten the integrity of data and operations, and still others threaten to disrupt availability of critical systems” (Sullivan, 2009). Since such security risks are always going to present in the cyber world, businesses and organizations need to fully be aware of any vulnerabilities in their systems. The initial realization of any organization’s vulnerability can only

Electronic commerce has been there for a long time now, and it is a practice that is practiced by peoples from Germany, France, and the US on a daily basis. Since its inception around 40 years ago, e-commerce has continued to grow as innovations, technologies and a lot of business reverting to the use of the e-commerce. The aspect of buying and selling of goods in the early 1960s was sluggish with the traditional way of mailing of documents being replaced with the Electronic Data Interchange (EDI), which would later pave a way to the electronic commerce. After the e-commerce, however, the practice was not more reliable as it still had many challenges (Tsolis, 2009). For instance, it was not easy for buyers to see products from the comfort of their homes and more so, the methods of accessing the information were limited.

The business world is increasingly dependent on technology to supply information and communications facilities to staff, partners, and customers. Securing organizational information and the systems that are used to manage and transmit data has become a high profile function. Failure to secure information can have a severe impact on business

E-commerce is a product that has been available since the early 90’s. It is something that people are familiar with. A product that is now part and parcel of people’s lives.

As networks continue to increase with industry growth, information security demands more and more attention. Security breaches are triggering a lack of trust among patrons and loss of revenue to many businesses. Protecting an organization’s data is the responsibility of any user who accesses a network or maintains a network. Employees—usually those outside the IT team—require proper training and a sense of urgency to prevent attacks.

The continuous development of Internet leads to the growth of e-commerce. The electronic commerce is growing constantly due to the continuously increasing number of mobile and online users in the market, primarily the emerging markets. Besides that, the development of the Information Technology (IT), such as the advance of paying processes and the improvements of shipping method also the main reason to cause the growth of electronic commerce (John Ingham, 2015). Most consumers accept e-commerce as their feasible alternative in the purchase of goods and

We won’t stop emphasizing on the importance of information security in every organizations. As a team of conscious security experts, we know the extent of damages you can incur as a result of poor or weak security settings. Like we usually say in most of our publications, information security is a serious business, which must not be overlooked by any organization. There are many questions and issues we need to tackle as far as information security is concerned, but unfortunately, we won’t be discussing them here, as we have already prepared a comprehensive and exclusive courses for each of them. However, if possible, we would discuss some of the issues in this article.

continued successful operations of these businesses due to the threat of cyber attacks. This paper will

Today business is moving faster than it ever has before. With the Internet and e-commerce, even brick and mortar businesses are now open twenty-four hours a day and seven days a week. However, there are security threats that linger with this new age of business that need to be mitigated. According to a survey by the National Cyber Security Alliance (NCSA) and Symantec, a company that offers security solutions, seventy-seven percent of small businesses believe that they will not fall victim to security issues (Symantec, 2012). Even more alarming is that the survey found that eighty-three percent of these businesses did not have any form of security plan.

It is without a doubt that e-commerce has become a part of life for most of us. The E-commerce industry has grown and has truly taken the world by storm. It has faced numerous challenges from its initial stages and has surpassed a ton of them, making it a successful innovation in how we shop. However, there definitely still is room for improvement, as there are challenges that are left to be addressed.

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.

According to Lawrence & Tar (2010), the efficiency and ease of use of the payments system adopted in a specific area can promote or hinder the development of e-Commerce.

Each day our world and our lives depend more on information systems, systems that can guarantee that our informations are secure and available just for our own purpose. Lots of companies work just if critical information which is stored on their databases. It is the responsibility of these companies to guarantee with their costumers that this data is secure. Lots of those companies are concerned about their databases and try to improve their security however. According to last year 's Internet Security Report from Symantec, almost no company, whether large or small, is immune to cyber attacks. Five of every six large companies (2500+ employees) were targeted with spear-phishing attacks in 2014, a 40 percent increase over the previous year[1]. Normally, companies are aware of theses attacks and are trying to invest more and more in security. It’s important to point out that attacks are not just from the outside; breaches and even data leakage can be accomplished by inside employees. So, it’s really important to protect against inside and outside attacks.