E-Commerce Security

1
E-Commerce Security

• Brett Hinshaw
• Kevin Hooker
• Jeff Hunter
• Shane Worrell

2
Introduction

• What is e-commerce
• What is the problem?
• Why is this important to you?
• What is being done about it?
• What can you do to protect yourself?
• What does the future hold for this issue?

3
What is E-Commerce?

• Refers to the exchange of goods and services over
  the Internet
• Consumer transactions
• Business to business transactions
• Service industry transactions

4
What is the problem?

• Providing a secure and safe environment for
  consumers to do business online
• No side effects
• Must provide
• Authentication
• Authorization
• Encryption
• Auditing

5
Why is this important to you?

• E-Commerce affects anyone who shops online
• Unsecure e-commerce can lead to identity theft,
  credit card theft, vulnerable bank accounts, etc
• Companies that consumers are associated with can
  be affected and therefore indirectly affect the
  consumer

6
What is being done about e-commerce security
issues?

• Build security into web applications in the
  design state
• Detailed Risk assessment
• Key information
• Transaction details
• Analyze threats
• Countermeasures
• SSL Secure Socket Layer
• Visa Mastercard developed SET

7
What is being done about e-commerce security
issues? (cont.)

• Firewalls
• Many companies use the Kerberos protocol
• Microsoft, Verisign Webmethods developed XML
  (Extensible Markup Language) key management
  specification (XKMS)
• Encryption of private information

8
What can you do to protect yourself?

• Keep private data safe
• Install a firewall
• Use anti-virus software
• Be smart about the sites you visit

9
What does the future hold for this issue?

• E-commerce is safer than ever
• Its up to you
• Its up to merchants
• US e-commerce sales will nearly double in the
  next five years
• Wi-Fi Security

10
Summary

• What e-commerce is
• Problems associated with e-commerce
• Why it is important
• What is being done about it
• How to protect yourself
• The future of e-commerce