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How can security of e-commerce transactions be ensured ? Explain.

Answer» 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 −
1.Confidentiality − Information should not be accessible to an unauthorized person. It should not be intercepted during the transmission.
2.Integrity − Information should not be altered during its transmission over the network.
3.Availability − Information should be available wherever and whenever required within a time limit specified.
4.Authenticity − There should be a mechanism to authenticate a user before giving him/her an access to the required information.
5.Non-Repudiability − 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.
6.Encryption − Information should be encrypted and decrypted only by an authorized user.


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