Whats being done to improve e-commerce security?
Cryptographic applications have been developed to help secure transactions and identify parties, thus preventing participants from modifying the details of completed transactions. Unfortunately, most rules developed for commerce are based on paper transactions and have not caught up with computer-age technology. Currently the SET (Secure Electronic Transactions) initiative by VISA and MasterCard is poised to be the leader for Internet credit card users. 3) Who can provide e-commerce assurance? Assurance takes many forms but the key is “trust”. A number of initiatives exist on the Internet. TRUSTe asks its subscribers to post specific privacy policies. BBB Online is a “pay -as-you-play” service for business joining the online organization. The Online Privacy Alliance is a new group of 50 Internet related businesses that was formed in response to the US government’s call for self-regulation by industry on the Internet. However, the most effective assurance service on the Internet today i
