SECURING ONLINE DATA

Securing Online Data by [Name] Contents Internet and e-Commerce Benefits of e-Commerce Facts of Internet Usage Challenges of e-Commerce Internet and e-Commerce Benefits of e-Commerce Benefit of e-commerce (Litan , 2000

Reducing the cost of many transactions necessary to produce and distribute goods and services

Increasing management efficiency by enabling firms to manage their supply chains more effectively and communicate more easily both within the firm and with customers and partners

Increasing competition , making prices more transparent , and broadening markets for buyers and sellers

Increasing consumer choice , convenience

and satisfaction in a variety of ways Facts of Internet Usage Challenges of e-Commerce Security in e-Commerce Methods of Hacking Victims and Saviors The lists of companies that have been embarrassed because of sensitive customer information being stolen from their websites include Google[1] as well as E Bay[2] . In case of EBay , hackers invaded the site , stole details of 15 members and then posted them on EBay itself Firms have started outsourcing the online security portfolio to other firms . Some companies offering security enhancing services are Veri-Sign[3] , F-Secure[4] and Hacker Safe[5] . These firms provide security enhancing services for their clients [1] The Age , Data Theft Scam Targets Google Searchers Who Click On Paid Ads , Fairfax Digital ,2007 , retrieved 4 May 2007 [2] L Vaas , Romanian Hacker Broadcasts eBay Customer Accounts , Ziff Davis Publishing Holdings Inc , 2007 , retrieved 4 May 2007 [3] VeriSign , Case Study Vonage Network Inc , VeriSign Inc , 2006 , retrieved 4 May 2007 [4] F-Secure , Case Study :Fujitsu Services Oy , F- Secure Corporation , 2004 , retrieved 5 May 2007

[5] Hacker Safe , Featured Merchants , Scan Alert Inc , 2007 , retrieved 5 May 2007 Methods of Protecting Data According to Scott Shebby the services his firm offers is the same as preventative maintenance like you do for your car " [1] The first step is to run tests on the website and test its vulnerability . Next , the identified loopholes are plugged and security is enhanced . Typically , the services provided by these firms include scanning the website several times a day , constant monitoring , conducting daily audits[2] and ensuring that the hackers do not invade the website . They also have attributes that centralize the spyware detection and management processes as in case of F-Secure 's services provided to Fujitsu[3] [1] JN Germain , V , Hacker Safe : The Security of Online Commerce , ECT News Network , Inc , 2004 , retrieved 5 May 2007 [2] Hacker Safe , Security , Scan Alert Inc , 2007 , retrieved 5 May 2007 [3] F-Secure , Case Study :Fujitsu Services Oy , F- Secure Corporation , 2004 , retrieved 5 May 2007

The Massachusetts Institute of Technology has come up with a system SiteAdvisor[1] that scans each website visited and grades the security level of the website . The grading is based on how much spyware , spam or viruses a site harbors . It uses color coding like green to signify safe sites , yellow to signify caution and red for unsafe sites The Identity Mixer or Idemix[2] developed by IBM minimizes the amount of personal information revealed over the internet . Instead of user names , it uses...