Security Risks Associated with E-Commerce

TLS is an upgraded version of SSL. TLS is more secure than SSL. SSL has been attacked by POODLE which was able to decrypt some of the information as well as BEAST AND BREACH. Most users do not notice the upgrade because it does not effect what the end user sees.

Secure Electronic Transaction (SET) is a system that ensures security of financial transactions on the Internet. SET allows the business to verify their customers’ card information without actually seeing it, which then in turn is protecting the customer. Then the information on the card is transferred straight to the credit card company for verification.

Make the Payment Process Easy for Online Customers by accepting multiple payment methods, allowing payments without making an account, keep the design simple, do not use redirects, allow for errors to be corrected easily, only require necessary information, explain safety and security, little to no distractions such as ads, and lastly have a clear call to action.

https agree on a “code” between them, and then they scramble the messages using that “code” to protect you from hackers. And htaccess controls access to only certain directories within your servers.

To obtain an SSL certificate make sure that the WHOIS record (the ownership and contact information associated with each domain name) matches the company name and address that is submitted with the certificate order. Then generate a Certificate Signing Request (CSR) on the server. Next, have your company and domain validated. Finally, install the certificate you were issued.

A merchant account is where the money is held before being deposited into your bank account. The role of the payment gateway is simply to decline or approve a transaction.