intrusion detection week 4
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Kenyatta University *
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Information Systems
Date
Nov 24, 2024
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docx
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Uploaded by ProfessorProtonWombat25
E-business/e-commerce security
1
E-business/e-commerce security
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E-business/e-commerce security
2
Introduction
E-business and e-commerce have transformed how firms operate by allowing them to
access international markets and complete transactions online. The extensive use of digital
platforms has made transactions easier, made life more convenient, and extended customer
reach. But this digital transition has also created many security issues. According to
Nabi
et al. (2021), a crucial part of e-business and e-commerce security is building trust among
stakeholders, safeguarding sensitive data, and securing online transactions. This research
paper examines the issue statement, importance, and relevance of e-business and e-
commerce security and identifies critical factors to guarantee a safe and reliable online
environment.
Problem Statement
The increased reliance on e-business and e-commerce platforms has made them more
vulnerable to security risks. Digital platforms' interconnectedness, which makes them
susceptible to hacking, data breaches, identity theft, and fraud, is continuously exploited
by cybercriminals. Such security lapses may lead to significant monetary losses, harm to a
company's brand, and a decline in customer confidence. E-business and e-commerce
security are further complicated by the problem of firms adhering to changing legislative
frameworks relating to data protection and privacy.
Relevance and Significance
It is impossible to overestimate the importance of e-business and e-commerce security.
Ensuring the security and privacy of sensitive information has grown crucial as more firms
move their activities online. According to
El-Ebiary
et al. (June 2021), customers and other
stakeholders must feel secure about their personal and financial information security when
purchasing online. Businesses prioritizing e-business and e-commerce security build trust
E-business/e-commerce security
3
with their clients, increasing client loyalty and repeat business. Adequate security
measures also shield firms from the risks of legal and regulatory action brought on by data
breaches, guaranteeing adherence to industry standards and privacy legislation.
The first significance is data protection and privacy. The safety of sensitive client
information, such as personal information, financial information, and purchase history, is
made possible by e-business and e-commerce security. According to
Krasnyuk
et al.
(2022), strong security measures reduce the danger of unauthorized access and data
breaches by guaranteeing data confidentiality, integrity, and availability. Organizations can
increase client confidence and trust by preserving customer information.
Consumer confidence and trust are another significance of e-business. Successful e-
business and e-commerce transactions are built on consumer and corporate confidence.
According to
Kumar
(2022), c
ustomers are more likely to engage in e-commerce activities
when they feel confident about the security of their transactions, which boosts sales and
fosters consumer loyalty. Building trust and enhancing the reputation of e-businesses by
demonstrating a solid commitment to safety enables them to forge long-lasting connections
with customers.
Furthermore, there is compliance with rules. Governments from all over the world have
passed laws and regulations to protect consumer information and privacy. According to
Lipych
(2020), organizations involved in e-business and e-commerce are required to abide
by laws like the California Consumer Privacy Act (CCPA) and the General Data Protection
Regulation (GDPR) of the European Union. According to
Volkova
et al. (2021),
compliance helps establish confidence with clients who value their privacy while ensuring
that legal duties are satisfied. Severe legal and financial repercussions, including fines and
reputational harm, can result from non-compliance.
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E-business/e-commerce security
4
Additionally, the financial impact is another significant. For e-businesses, security
breaches and cyberattacks can have serious financial repercussions. According to
Nabi
et
al. (2021), organizations may suffer substantial losses due to the expenses involved in
investigating and remediating security issues, paying impacted consumers, and correcting
reputational harm. A proactive strategy to avoid such financial disasters and safeguard the
long-term viability of firms is to invest in e-business/e-commerce security measures.
Competitive advantage is also a significance of e-business and e-commerce security.
According to
Kumar
(2022), o
rganizations prioritizing e-business and e-commerce security
have a competitive edge in a world that is becoming increasingly digital. According to
Volkova
et al. (2021), a company may stand out from its rivals and draw in clients who
value security and privacy by showcasing a solid security architecture. By proactively
addressing security issues, businesses may establish themselves as dependable and
trustworthy partners, strengthening their position in the market and drawing in a more
extensive clientele.
Furthermore, protecting intellectual property, trade secrets, and other priceless assets is
crucial for e-business and e-commerce security. According to
Volkova
et al. (2021),
businesses that often use digital platforms to transfer and keep confidential information are
prime targets for cybercriminals. Organizations may safeguard their intellectual property
and maintain their competitive edge in the online market by putting strong security
measures in place.
Lastly, according to
Volkova
et al. (2021), the security of supply chains and logistics
operations is crucial to e-business and e-commerce. Businesses struggle to protect their
supply chains from dangers, including fake goods, manipulation, and unauthorized access,
as e-commerce expands globally. Utilizing safe e-commerce platforms reduces the
E-business/e-commerce security
5
possibility of disruptions and fraudulent activity while ensuring the integrity of the supply
chain from product source to delivery.
Conclusion
In conclusion, e-business and e-commerce security are paramount in the digital age. It
guarantees the safety of sensitive data, promotes confidence and trust among stakeholders,
and helps companies to abide by legal requirements. By investing in strong security
measures, businesses may reduce risks, protect client information, and keep a competitive
edge in the quickly changing e-business and e-commerce sectors. Organizations can
guarantee online transactions' integrity, confidentiality, and availability and create a safe
digital environment for businesses by tackling the problems and challenges associated with
e-business and e-commerce security.
E-business/e-commerce security
6
References
El-Ebiary, Y. A. B., Kanaan, A. G., Pathmanathan, P. R., Alawi, N. A., Hatamleh, A., Jusoh, J.
A., ... & Bamansoor, S. (2021, June). E-Government and E-Commerce Issues in
Malaysia. In
2021 2nd International Conference on Smart Computing and Electronic
Enterprise (ICSCEE)
(pp. 153-158). IEEE.
Krasnyuk, M., Kulynych, Y., Tuhaienko, V., & Krasniuk, S. (2022). E-business and e-
commerce technologies
are essential
for economic efficiency and stability in the
current
conditions of the digital economy (
in
the example of oil and gas
companies
).
Grail of Science, (17), 69-81.
Kumar, V. V., & Prasad, N. C. (2022). E-Commerce: Problems and Prospects.
Special
Education,
1(43).
Lipych, L., & Mokhniuk, A. (2020). E-business in Ukraine: peculiarities, tendencies,
prospects.
Economic
Journal
of Lesya Ukrainka Volyn National University,
1(21), 74-
79.
Nabi, F., Yong, J., Tao, X., Malhi, M. S., Farhan, M., & Mahmood, U. (2021). Process of
Security Assurance Technique for Application Functional Logic in E-Commerce
Systems.
Journal of Information Security,
12(3), 189-211.
Volkova, N., Kuzmuk, I., Oliinyk, N., Klymenko, I., & Dankanych, A. (2021). Development
trends of the digital economy: E-business, e-commerce.
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