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E-COMMERCE SECURITY AND PAYMENT SYSTEM By: For-Ian V. Sandoval

E-commerce Security and Payment

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Page 1: E-commerce Security and Payment

E-COMMERCE

SECURITY AND

PAYMENT SYSTEM

By:

For-Ian

V. Sandoval

Page 2: E-commerce Security and Payment

Hello!

FOR-IAN V. SANDOVALYou can find me at https://www.slideshare.net/fvsandoval

Page 3: E-commerce Security and Payment

“◎“If you think technology can solve

your security problems, then you don’t

understand the problems and you

don’t understand the technology.”

◎– Bruce Schneier

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E-COMMERCE

SECURITY

Page 5: E-commerce Security and Payment

TABLE OF CONTENTS

• E-commerce security and

its dimensions

• E-commerce Threat

Concerns

• E-commerce Threats

• Ways to Protect your

Ecommerce Site from

Hacking and Fraud

• E-Commerce Payment

Methods

Page 6: E-commerce Security and Payment

WHAT IS E-COMMERCE SECURITY?

E-commerce security

is the protection of e-commerce assets from

unauthorized access, use, alteration, or destruction.

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DIMENSION OF E-COMMERCE SECURITY

Page 8: E-commerce Security and Payment

E-COMMERCE THREATS

Threats: anyone with the capability, technology,

opportunity, and intent to do harm.

Potential threats can be foreign or domestic, internal

or external, state-sponsored or a single rogue

element.

Terrorists, insiders, disgruntled employees, and

hackers are included in this profile.

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E-COMMERCE THREATS CONCERN

1. Loss of Privacy/confidentiality, data misuse/abuse

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E-COMMERCE THREATS CONCERN

2. Cracking, eavesdropping, spoofing, rootkits

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E-COMMERCE THREATS CONCERN

3. Viruses, Trojans, worms, hostile ActiveX and Java

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E-COMMERCE THREATS CONCERN

4. System unavailability, denial of service, natural

disasters, power interruptions

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Intellectual Property Threats

use existing materials found on the Internet without

the owner's permission, e.g., music downloading,

domain name (cybersquatting), software pirating

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Client Computer Threats

– Trojan horse

– Active contents

– Viruses

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Communication Channel Threats

– Sniffer program

– Backdoor

– Spoofing

– Denial-of-service

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Server Threats

– Privilege setting

– Server Side Include

(SSI), Common

Gateway Interface

(CGI)

– File transfer

– Spamming

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COUNTER MEASURE

A procedure that recognizes, reduces, or

eliminates a threat

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Intellectual Property Protection

– Legislatures

– Authentication

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Client Computer Protection

- Privacy (Cookies

Blockers,

Anonymizer)

- Digital Certificate

- Browser Protection

- Anti-virus Software

- Computer forensic

experts

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Communication Channel Protection

- Encryptions

- Protocol

- Digital Signature

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Server Protection

- Access Control &

Authentication

- Firewall

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WAYS TO PROTECT E-COMMERCE SITE FROM HACKING AND FRAUD

Start by Going with an e-commerce

Platform You Know is Secure

• A secure online checkout

• Enterprise-level, layered security

• Encryption for all customer data, including

tools that don't store any of the credit card

information

• Constant fraud monitoring

• PCI compliance and scans

• Card verification value

• Address verification system

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WAYS TO PROTECT E-COMMERCE SITE FROM HACKING AND FRAUD

Some Words on the Address Verification

System (AVS) and the Card Verification

Value (CVV)

Page 24: E-commerce Security and Payment

WAYS TO PROTECT E-COMMERCE SITE FROM HACKING AND FRAUD

Have a Backup Plan

Page 25: E-commerce Security and Payment

WAYS TO PROTECT E-COMMERCE SITE FROM HACKING AND FRAUD

Prevent Chargebacks with Tracking

Numbers and a Human Monitoring All

Orders

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WAYS TO PROTECT E-COMMERCE SITE FROM HACKING AND FRAUD

An Automated Fraud Detection System

Helps Too

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WAYS TO PROTECT E-COMMERCE SITE FROM HACKING AND FRAUD

Configure System Alerts For When

Suspicious Activity Occurs

Page 28: E-commerce Security and Payment

WAYS TO PROTECT E-COMMERCE SITE FROM HACKING AND FRAUD

Force Yourself and All Employees to

Have Strong Passwords

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WAYS TO PROTECT E-COMMERCE SITE FROM HACKING AND FRAUD

Set Limits on Purchases from Accounts

on a Given Day

Page 30: E-commerce Security and Payment

E-COMMERCE

PAYMENTS

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CASH ON DELIVERY (COD)

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ELECTRONIC FUND TRANSFER (EFT)

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PAYMENT CARDS – CREDIT CARD

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PAYMENT CARDS – DEBIT CARD

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PAYMENT CARDS – CHARGE CARD

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SMART CARD

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ELECTRONIC CASH (E-CASH / E-MONEY)

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E-WALLET

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DIGITAL CASH

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VIRTUAL CURRENCIES

Page 41: E-commerce Security and Payment

Thanks!

Any questions?You can find me at https://web.facebook.com/forian.sandoval