TRENDS IN ELECTRONIC COMMERCE SECURITY: A MANAGERIAL BRIEF AND TEACHING NOTE

Abstract

The Internet and similar networks provide new infrastructures for communications and commerce. These open networks interconnect computers across many different organizations with dramatically lower communications and distributed applications development costs. This motivates businesses to transfer commercial activity from closed private networks to open networks like the Internet. However, open network architectures are vulnerable to a number of different security threats. While many different hardware and software solutions exist to secure transactions over the Internet, greater consensus is required by companies and consumers on the processes, organizations and application of existing technical solutions for secure electronic commerce. Greater consensus on security among trading parties will lower the costs of electronic commerce and accelerate its deployment on the Internet.