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Security Issue s In Ecommerce Essay Example

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Security Issue s In Ecommerce

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The easy access to critical information and the susceptibility of security systems trap these fraudsters to these smaller stores that are engaging into ecommerce.Campbell et al (2010, p.37) estimates that 90 per cent of credit card safety compromises in the ecommerce industry originate from Level 4 Merchants (ecommerce websites that process fewer than 1 million total card payment dealings and less than 20,000 ecommerce dealings in a year.As a small business, it is important to understand the reasons that may lead a person may hack into your ecommerce site. This knowledge may help one know whether they could be targeted and therefore take precautions to ensure their site is safe from potential threats. There are four main reasons that motivate fraudsters into hacking to ecommerce sites:The most common reason is to steal money through fraud. Fraudsters study an ecommerce site and capitalise on the security loopholes they come across. The fraudsters may steal money directly from the business or from clients as they commit transactions.The second reason is revenge. Former employees or potential employees who were denied employment opportunities may decide to revenge against the company by attacking its site. They are usually problematic because they already have some knowledge about how the system works. Small businesses may often face this threat because they keep hiring and firing personnel.Thirdly, sabotage may also be another reason. Sabotage in this context is a deliberate act of malice against unauthorised information. There are individuals who hack to challenge themselves or simply for fun.Finally, industrial or political espionage can be a security issue of concern. There is where authorised people get access to highly sensitive information. For small organisations, bigger firms in the same line of business may ‘invest’ in acquiring their information for financial gains, or to steal new business ideas.Malicious code is the main threat facing all ecommerce systems according to Botha et al (2007, p. They are also known as malware. They come in the form of viruses, Trojan horses, worms and bad applets. Viruses may be targeting specific applications or may infect and corrupt files.Small businesses are more affected by this problem than bigger and established companies. Antivirus software is sometimes too expensive for small companies to buy and maintain. Some start-ups do not use antiviruses at

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