• ISSN: 2301-3567
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    • DOI: 10.18178/JOEBM
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JOEBM 2016 Vol.4(10): 589-593 ISSN: 2301-3567
DOI: 10.18178/joebm.2016.4.10.457

E-Commerce Security Challenges: A Taxonomy

Mohamad Ibrahim Al Ladan
Abstract— With the emergence of the Global Economy, and with an ever-increasing percentage of consumers doing their business primarily via online or mobile devices, electronic commerce, e-commerce, is fast being regarded as the way to go global at the touch of a button. Hence, developing an effective E-Commerce model is becoming vital for any modern business. However, a company must address different new security challenges and be certain to maintain the highest standards of e-commerce security, to protect both themselves and their customers. A failure to adhere to stringent ecommerce security can result in lost data, compromised transaction information, as well as the release of the customer's financial data. This can lead to legal and financial liability, as well as a negative impact on the company’s reputation. This new security challenges are the results of the use of the new technology and communication medium, and the flow of information from enterprise to enterprise, from enterprise to consumers, and also within the enterprise. This paper presents the different technology and conceptual components of the e-commerce in general, and identifies and classifies the different types of security challenges facing e-commerce businesses in particular.

Index Terms— E-commerce security, e-business security challenges.

Mohamad Ibrahim Al Ladan is with the Rafic Hariri University, Meshref, Damour, Lebanon (e-mail: ladanmi@rhu.edu.lb).

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Cite: Mohamad Ibrahim Al Ladan, " E-Commerce Security Challenges: A Taxonomy," Journal of Economics, Business and Management vol. 4, no. 10, pp. 589-593, 2016.

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