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E-Commerce Security: The Birth of Technology, the Death of Common Sense?

NCJ Number
Journal of Financial Crime Volume: 9 Issue: 1 Dated: September 2001 Pages: 79-89
Robin McCusker
Date Published
September 2001
11 pages
This article discusses the growth in the high-tech world of e-commerce and the potential collapse of e-trade development due to businesses’ primary interest in profit and lack of interest in e-commerce security.
In the business world’s desire to join the high-tech world of e-commerce, they have put their primary motivation of increasing profits ahead of e-commerce security and have threatened the development of e-trade. This paper reviews the increased number of system viruses, including e-mail security, due to corporations’ lack of awareness. Creating and adopting a process of security comes from understanding that things can and will go wrong and that prevention measures must be in place to address these problems and provide damage control. Potential security risks are also discussed regarding M-commerce--the use of wireless handheld devices, such as cellular telephones and personal digital assistants (PDAs). In conclusion, if a country such as China (ranked 45th in the world’s 60 largest economies) does not learn from previous and ongoing experiences of other established economies to place common sense above economic desire and profit, there is the potential for it to lose its share of the global e-market and leave itself open to criminal attack. References