This article discusses engaging in safe transactions online. It presented information about e-commerce. Recently in the news, thousands of customer records containing credit card numbers and other sentitive information were discovered to be exposed on popular e-commerce sites. The records could be viewed and downloaded by anyone using a standard browers.
This is a scary thought. It is wide knowledge that sophisicated hakers are preying on this new trend to purchase services and products online.
My opinion is as we all become more dependent upon electronic trade, we need to be able to protect our identity and protect ourselves from fraud. Unfortunately, most companies just focus on processing the payment leaving the liability up to the trader. The industry has made a huge fuss about chip and pin, but that is really only of use when the cardholder is present. For those businesses where trade is undertaken online, the chip and pin is bypassed and we rely on the card number, the expiry date and the three digit number on the back. These are all data items which can be obtained by anyone in possession of the card or who can have sight of the card.
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