E Commerce Security Assignment Example | Topics and Well Written Essays - 750 words

E Commerce Security - Assignment Example E-commerce web applications that handle payments (electronic transactions or use of debit cards, online banking, PayPal, credit cards, or any other keepsakes) have more compliance matters stand at high, and increasing risk from interference than other websites and greater consequences arise if data gets loosed or altered. Banking services stay highly delimited, but even the least electronic retailer is pretentious to the Payment Card Industry Data Security Standard (PCI-DSS). Lately, this has become widely known due to improved enforcement and publicity following 2007 update to clarify and enhance requirements (Ghosh 32).  Safeguarding payment web application systems and users require a combination of technological, administrative and physical controls. Many emerging groups provide reliable security analyst facilities for organizations developing, purchasing or operating such software systems (University 13). Examples of e-commerce security projects include; threat modeling, develo pment of the security model, PCI DSS review and compliance, risk assessment and security awareness training, web site security review, web vulnerability assessment, e-commerce web penetration testing, code security review, electronic crime and Application layer firewall (a web application firewall - WAF) selection (Francesco 33).  Electronic crime, sometimes regarded to as e-crime, cybercrime or technology crime, refers to crimes which can only be committed by use of information technology such as data theft, payment fraud, and phishing. Software called CrimeWare, which can help man-in-the-middle bouts, key logging and botnets are increasingly easy to catch and deploy against relevant targets. Particularly, e-commerce websites get often seen as the "hot spots", especially by organized criminals. While some one-off attacks might be as a result of angry customers, ongoing and organized attacks are more probable to be undertaken within by staff or from outside by organized criminals. The fascination of obtaining payment card details and bank account and the fraud which may subsequently be attempted by the use of compromised data implies that e-commerce applications, like banking services, become a particularly popular target (Ghosh 43).