Electronic commerce: the information‐security challenge

The major reason why most people are still sceptical about electronic commerce is the perceived security risks associated with electronic transactions over the Internet. The Internet, however, holds many opportunities that could mean survival or competitive advantage for many organisations. To exploit these opportunities, it is important to first analyse the risks they hold. Electronic commerce is based on business as well as technological risks, making it a very difficult environment to secure. Apart from these two types of risk categories there are several other issues and problems that need to be addressed.