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Home » Hacking News » E-commerce security

E-commerce security

by Nikola Strahija on January 29th, 2002 Many e-commerce technologies in development by such companies as Microsoft, IBM and Sun will not gain traction without superior security measures in place. So we can said openly that investments in Internet security are a necessary bridge to the next phase of e-commerce.


Since the advent of e-commerce, security concerns have kept consumers and corporations from jumping into the fray with both feet. Until recently, though, security was a highly theoretical worry for consumers -- and an easily dismissed cost category for companies.

Never before have companies and government institutions been so singularly devoted to solving the online security problem.

The maturing process is not without its stresses and pains. In many cases, increased investments in security will draw resources away from other areas of product and technology development. But promised technologies like Web services will never materialize unless this near-term sacrifice is made.

In the past week, bellwether companies Microsoft and IBM both made steadfast public commitments to online security.

Bill Gates told all Microsoft employees to make security their number one priority ahead of new product features.
In the same vein, IBM has teamed with VeriSign to improve online identity authentication in e-business applications.

And BestBuy.com just announced a new online payment engine designed to guard against rampant credit card fraud.

So we can said openly that investments in Internet security are a necessary bridge to the next phase of e-commerce.


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