Transaction Security E Commerce Environment - 2227 Words

Transaction Security in E-Commerce Environment With the evolution of Internet, new technologies are appearing and new ways of doing business are slowly changing the world. One of those new business process are online stores. This technology allows user to sell or buy their products or services online. These data exchanged during those operations are extremely very critical and no error with the manipulation of these important information can be allowed. For the protection of those personal and financial information, security plays a big role in this industry. There are main elements in the transaction security are: Confidentiality Integrity Authentication Non-repudiation And the authorization. The confidentiality of the information is one†¦show more content†¦Many different approaches are used to ensure that the elements of transaction security for the two parties. Some are for the users, not recurring any type of action except intelligence. Those are simple measures such as informing the users of potential dangers and teaching them to be more vigilant when having online transaction. One example is suggesting users not to use a public Wi-Fi to have transactions or verifying the website’s authentication before any transaction. Other approaches are more technical such as: Internet Protocol Security Secure Electronic Transaction Transport Layer Security and Secure Sockets Layer Internet Protocol Security, which is also called IPsec, is a protocol that secures the communications at the Protocol level. This is done by the encrypting and authenticating each IP packet of the data. IPsec can be used to protect the data flows between pair of hosts, between a pair of security gateways or between a security gateway and a host. IPsec supports network-level peer authentication, data origin authentication, integrity and confidentiality. It also supports replay protection that aims to protect against repeating a transaction, for example, the purchase of a service. SET or Secure Electronic Transaction is a communication protocol. It allows the user secure transaction via credit cards over the Internet. The main objectives of Secure Electronic Transaction are to: Provide