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How can security of e-business transactions be ensured? |
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Answer» The security of e-business transactions can be ensured by bearing in mind the following elements: 1. Authenticity: Authenticity means enabling each party in a e-business transaction to ascertain with certainty the indentify of the other party. 2. Integrity: Integrity implies honesty in dealings. 3. Confidentiality: Confidentiality means privacy of the transactions. 4. Non-repudiability of origin: Non-repudiability of origin implies that the origin of the transaction is not denied. 5. Non-repudiability of receipt: Non-repudiability of receipt implies that the seller cannot subsequently deny the payment received It may also be noted that the above elements of security of e-business depend upon certification by a trusted third party, say, a Government body. That means that the security of e-business requires the establishment of global certification system. Further, all the parties concerned with e-business must assume their responsibilities to ensure security of transactions. |
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