E-commerce security and strategies

E-commerce security and strategies

With a boon of B2B and B2C E-commerce its quite natural that there’s always a security threat to foil over the systems by challenging the integrity and exploit these loopholes in the system. But security threats on the commerce business have been for quite a while even before online shopping existed. Earlier security threats would involve payment frauds on physical cards while swiping at brick and mortar stores, or stealing personal details through physical key loggers on these POS machines. Now, E-security is also a type of security involving hardware integrity to prevent access control by unauthorised users which also has a chance of being breached. But the current scenario revolves more around E-commerce security breaches would be potentially prove fatal for online business groups on boarded into E-commerce with crucial information being stolen by hackers. But how does E-commerce security help prevent these breaches? In fact, what does E-commerce security actually do. As a definition, E-commerce security refers to steps taken to prevent cyber treats from reaching Customers or Online Business Owners. There are certain essential key points in E-commerce security which can be mentioned as:
i. Integrity: prevents unauthorised changes / modification in the system
ii. Non repudiation: It’s the measure taken to prevent any Denial of Services by Hackers
iii. Authenticity of the data source: The source of data being provided is genuine and not compromised / modified in any manner
iv. Confidentiality: Access to data is always authorised and not being openly available
v. Privacy: Data control provision and disclosure
vi. Availability: Data is always available to the User and not in any manner getting delayed or been removed
vii. Encryption: Data is encrypted and only accessible to authorised users to update / modify
Certain E-commerce security strategies that can be implemented are utilising security protocol for transmission of data, some of these protocols include:
SSL (Secure Socket Layer): A common security protocol utilised where “https://” is used for http URL.
S-HTTP (Secure Hypertext Transfer Protocol): This is an extension for of the http protocol which can utilise multi security mechanism and encryption scheme types between client and server.
Backups on frequent basis: Regular backups of E-commerce databases which can prevent any impacts on malware or phishing or human error.
Monitoring Payment Transactions: Setting up alerts or identifiers for suspicious payment transactions to prevent any data leaks thus review is necessary.
Digital Signature: Communication security through digital signature for hashing messages to prevent MMA (Man in the Middle Attack).
Server Security: With Access control list, Authentication, Digital signature from Users, Firewall Protection, server security is crucial for secure transmission and access of requested information.
In a gist, E-commerce security is has become an essential commodity for E-commerce business firms and even firms like hosting solution providers are also giving the security option to enhance secure E-commerce transactions across the online business forefront.