With the rapid growth in the Internet, cybersecurity has become a major concern to organizations throughout the world. The fact that the information and tools & technologies needed to penetrate the security of corporate organization networks are widely available has increased that security concern. Some of the important security technologies used in the cybersecurity are described below-

Firewall

Firewall is a computer network security system designed to prevent unauthorized access to or from a private network. It can be implemented as hardware, software, or a combination of both. Firewalls are used to prevent unauthorized Internet users from accessing private networks connected to the Internet.

VPNs

A VPN stands for virtual private network. It is a technology which creates a safe and an encrypted connection on the Internet from a device to a network. This type of connection helps to ensure our sensitive data is transmitted safely. It prevents our connection from eavesdropping on the network traffic and allows the user to access a private network securely.

This technology is widely used in the corporate environments.

A VPN works same as firewall like firewall protects data local to a device wherever VPNs protects data online. To ensure safe communication on the internet, data travel through secure tunnels and VPNs user used an authentication method to gain access over the VPNs server.

Intrusion Detection System (IDS)

An IDS is a security system which monitors the computer systems and network traffic. It analyses that traffic for possible hostile attacks originating from the outsider and also for system misuse or attacks originating from the insider. A firewall does a job of filtering the incoming traffic from the internet, the IDS in a similar way compliments the firewall security. Like, the firewall protects an organization sensitive data from malicious attacks over the Internet, the Intrusion detection system alerts the system administrator in the case when someone tries to break in the firewall security and tries to have access on any network in the trusted side.

Access Control

Access control is a process of selecting restrictive access to a system. It is a concept in security to minimize the risk of unauthorized access to the business or organization. In this, users are granted access permission and certain privileges to a system and resources. Here, users must provide the credential to be granted access to a system. These credentials come in many forms such as password, keycard, the biometric reading, etc. Access control ensures security technology and access control policies to protect confidential information like customer data. The access control can be categories into two types-

  ·         Physical access control

·         Logical access control

Physical Access Control- This type of access control limits access to buildings, rooms, campuses, and physical IT assets.

Logical access control- This type of access control limits connection to computer networks, system files, and data.

Threat to E-Commerce

E-Commerce refers to the activity of buying and selling things over the internet. Simply, it refers to the commercial transactions which are conducted online. E-commerce can be drawn processing, electronic funds transfer, supply chain management, electronic data interchange on many technologies such as mobile commerce, Internet marketing, online transaction processing, electronic frauds transfer, supply chain management, electronic data interchange (EDI), inventory management systems, and automated data collection systems. The most common security threats are an electronic payments system, e-cash, data misuse, credit/debit card frauds etc.

Electronic payments system:

The electronic payment systems have a very important role in e-commerce. E-commerce organizations use electronic payment systems that refer to paperless monetary transactions. It revolutionized the business processing by reducing paperwork, transaction costs and labor cost. E-commerce processing is user-friendly and less time consuming than manual processing. Electronic commerce helps a business organization expand its market reach expansion. There is a certain risk with the electronic payments system.

The Risk of Fraud

An electronic payment system has a huge risk of fraud. The computing devices use an identity of the person for authorizing a payment such as passwords and security questions. These authentications are not full proof in determining the identity of a person. If the password and the answers to the security questions are matched, the system doesn't care who is on the other side.

The Risk of Tax Evasion

The Internal Revenue Service law requires that every business declare their financial transactions and provide paper records so that tax compliance can be verified. The problem with electronic systems is that they don't provide cleanly into this paradigm. It makes the process of tax collection very frustrating for the Internal Revenue Service. It is at the business's choice to disclose payments received or made via electronic payment systems. The IRS has no way to know that it is telling the truth or not that makes it easy to evade taxation.

The Risk of Payment Conflicts

In electronic payment systems, the payments are handled by an automated electronic system, not by humans. The system is prone to errors when it handles large amounts of payments on frequent basis with more than one recipients involved. It is essential to continually check our pay slip after every pay period ends in order to ensure everything makes sense. If it is a failure to do this, may result in conflicts of payment caused by technical glitches and anomalies.



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