E-commerce is new way of doing business and started off a new economy. Every other person is getting familiar with e-commerce and security concerns are increasing with the number of consumers because the greater the number of customers the large will be amount of personal data and it will be more tough to secure that data from hackers.These days most of the consumers are afraid to enter their personal information on internet due increase of fraud. E-commerce is an incredible innovation but the threats coming with it are more important to be considered than the facilities given to the customers. There is no use of such facility if your data is not being protected. According to Godwin J. Udo; "Protecting the privacy of consumers on the Internet is a big business, indicating that IT users are concerned about the way privacy is handled in the information age".
Literature Review .
According to Vacca, John Loshin, Peter (2002); "Electronic commerce is doing business online. It is about using the power of digital information to understand the needs and preferences of each customer and each partner to customize products and services for them, and then to deliver the products and services as quickly as possible." Electronic commerce is very common these days. Now it is not a big deal to start off a business, you just need to take a step but the main concern here is security issues and privacy of data. According to the author, "E-commerce business is emerging as the new economy." Author further elaborated that e-commerce has added the efficiency of doing business with the help of technology that permit you to gather additional information more easily than ever. Companies with more technical system and networks connected internally and externally have more sensitive data and private information in it which is again a concern for privacy and security issues.
In e-commerce world, no physical shopping is done and security issues come into the picture.
