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?Secure and Trustworthy E-Business (5)Filed Under: General

From the wealth of information that proliferates on the topics of the Internet, or e-commerce specifically, there is a consensus on basic risks. Any transaction or message, financial or otherwise, would be subject to the risks. In an ordinary commerce environment, plenty of avenues are available to address these risks through formal signatures and other mechanisms that would ensure secure transactions. The major risks facing E-Business environment are considering key issues:

• Identity or authenticity of the person: Who sent the message? Does the sender have the authority to bind the organization he or she represents?
• Data Integrity: Is the message complete or has it been altered? Is it true that the copy of the message has not been altered?
• Denial of Service: Launch of an attack which would bring down the service.
• Non Repudiation: Proving up the message in court, ensuring that the sender cannot falsely deny sending the message, ensuring that the sender cannot falsely deny the contents of the message.
• Confidentiality: Ensuring that information is not disclosed to unauthorized parties.

While E-Business flourishes through the Internet, in the digital world, laws and statutes must be drafted and enacted to resolve disputes amongst parties. Issues will arise in the courts of law whether documents with electronic signatures are valid or otherwise and the extent of reliance that can be placed on the third parties. Any secure transaction is sure to have its share of disputes and losses. These may be due to negligence by one of the third parties or the parties to the transaction, or technological failures or any other reason.

Taken From : Digital Economy – Impacts, Influences and Challenges