doi: 10.18178/joebm.2016.4.10.457
E-Commerce Security Challenges: A Taxonomy
Mohamad Ibrahim Al Ladan
- Rafic Hariri University, Meshref, Damour, Lebanon.
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.
Keywords
- E-commerce security
- e-business security challenges
How to 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. https://doi.org/10.18178/joebm.2016.4.10.457
Copyright & License
Copyright © 2016 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).