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Explain the potential risks to an organisation of committing to an e-commerce system

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Introduction

Transfer-Encoding: chunked I am working for a firm of e-commerce consultants. I have been asked to write a report to a start-up businesses explaining the potential risks to an organisation of committing to an e-commerce system. Any business that operates online is at risk of many internet threats so it?s important that there is sufficient security to prevent any malicious harm to the business. One the main problem that happens is identity theft. This can make customers the victims of serious fraud and damage caused by viruses can close businesses down. It?s Important that businesses show that they are safe for their customers so they will want to continue using the site. Hacking is a major problem within e-commerce. Hacking is when somebody gains unauthorised access to data in a system or computer. E-commerce businesses need to prevent hacking from occurring so that the day to day running of the businesses isn?t disturbed and to make sure customer details are not stolen and used for fraud. ...read more.

Middle

Identity theft is a risk that can also be dangerous for a business. Identity theft is the fraudulent practice of using somebody else?s name and personal information in order to obtain credit. Identity theft is hard to detect if the thief has a lot of information about the victim. Tracing the thief is also very difficult. Lots of details are stored by an e-commerce site including, banking details, name, address and date of birth which make it easy for someone to use the details for fraud. It?s important that e-commerce business use every method to stop unwanted access. Such as using a firewall as previously mentioned of secure sockets layer (SSL). SSL is a computing protocol that ensures the security of data sent via the internet by using encryption. It provides authentication, meaning that the server and the client need to be identified and confirm that they are who they say they are. ...read more.

Conclusion

It?s also important to change the password every 90 days to keep it up to date and limiting a hacker?s ability to gain access to your details. There is software that can try and break passwords to steal personal information and therefore, it?s important it is difficult and is updated regularly. Lastly, there are other alternative authentication methods. These may include pattern authentication, fingerprint scanning, voice authentication or digital signatures. An alternative authentication method in e-commerce is a good idea to provide an extra layer of security. This might be voice authentication which can stop potential hackers from pretending to be another customer as it is a very unique way of authentication. Other means of alternative authentication methods are a very unique to the user, only the user can talk in there voice or remember a digital signature or pattern. This allows the user to have a better choice of a memorable user identification method. Overall, there are many ways to protect personal information from being stolen. It?s important to make sure you have many security measures in place in order to keep everything secure. ...read more.

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