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Essay / E-Commerce - 672
As more and more businesses look for ways to secure e-marketing online, the need for e-commerce is growing. Whatis.com defines electronic commerce (EC) as “the buying and selling of goods and services over the Internet.” As more businesses take on the challenge of e-commerce, e-commerce security and security software are becoming a factor that businesses must address. We will discuss what e-commerce is and how it is used, as well as its advantages and disadvantages. Security systems for EC have four categories which include: Authentication: Verifies who you say you are. It requires that you are the only one authorized to connect to your banking account on the Internet; Permission: Only allows you to manipulate your resources in specific ways. This prevents you from increasing your account balance or deleting a bill; Encryption: deals with hiding information. It ensures that you cannot spy on others during Internet banking transactions; Audit: keeps a record of operations. Merchants use auditing to prove that you purchased a specific commodity (Khusial and McKegney, 2005).E...