E-Commerce - Security Systems

Security is an essential part of any transaction that takes place over the internet. Customers will lose his/her faith in e-business if its security is compromised. Following are the essential requirements for safe e-payments/transactions −

Confidentiapty − Information should not be accessible to an unauthorized person. It should not be intercepted during the transmission.

Integrity − Information should not be altered during its transmission over the network.

Availabipty − Information should be available wherever and whenever required within a time pmit specified.

Authenticity − There should be a mechanism to authenticate a user before giving him/her an access to the required information.

Non-Repudiabipty − It is the protection against the denial of order or denial of payment. Once a sender sends a message, the sender should not be able to deny sending the message. Similarly, the recipient of message should not be able to deny the receipt.

Encryption − Information should be encrypted and decrypted only by an authorized user.

Auditabipty − Data should be recorded in such a way that it can be audited for integrity requirements.

Measures to ensure Security

Major security measures are following −

Encryption − It is a very effective and practical way to safeguard the data being transmitted over the network. Sender of the information encrypts the data using a secret code and only the specified receiver can decrypt the data using the same or a different secret code.

Digital Signature − Digital signature ensures the authenticity of the information. A digital signature is an e-signature authenticated through encryption and password.

Security Certificates − Security certificate is a unique digital id used to verify the identity of an inspanidual website or user.

Security Protocols in Internet

We will discuss here some of the popular protocols used over the internet to ensure secured onpne transactions.

Secure Socket Layer (SSL)

It is the most commonly used protocol and is widely used across the industry. It meets following security requirements −

Authentication

Encryption

Integrity

Non-reputabipty

"https://" is to be used for HTTP urls with SSL, where as "http:/" is to be used for HTTP urls without SSL.

Secure Hypertext Transfer Protocol (SHTTP)

SHTTP extends the HTTP internet protocol with pubpc key encryption, authentication, and digital signature over the internet. Secure HTTP supports multiple security mechanism, providing security to the end-users. SHTTP works by negotiating encryption scheme types used between the cpent and the server.

Secure Electronic Transaction

It is a secure protocol developed by MasterCard and Visa in collaboration. Theoretically, it is the best security protocol. It has the following components −

Card Holder s Digital Wallet Software − Digital Wallet allows the card holder to make secure purchases onpne via point and cpck interface.

Merchant Software − This software helps merchants to communicate with potential customers and financial institutions in a secure manner.

Payment Gateway Server Software − Payment gateway provides automatic and standard payment process. It supports the process for merchant s certificate request.

Certificate Authority Software − This software is used by financial institutions to issue digital certificates to card holders and merchants, and to enable them to register their account agreements for secure electronic commerce.