Cyber Security Risks in Digital Transactions

Authors: Dr.V.Jaya Bharathi, Mr.P.Karthik

Abstract: The technique of defending online companies and their clients from online dangers and attacks is known as cybersecurity in e-commerce. The growth of the e-commerce industry makes it a more desirable target for bad actors looking to take advantage of weaknesses for monetary gain, data theft, and service interruption. It examines the essential elements of a strong e-commerce security architecture, emphasizing the core tactics and tools needed to protect private information and uphold customer confidence. the important areas, such as data encryption for both data at rest and data in transit (e.g., utilizing TLS/SSL protocols). In order to stop unwanted account access, it emphasizes the significance of safe authentication and authorization procedures like Multi-Factor Authentication (MFA). Proactive steps like threat monitoring and prevention systems, such as firewalls and intrusion detection systems, are also included in the abstract. In order to identify and mitigate attacks in real-time, the abstract also discusses proactive techniques including intrusion detection and prevention systems, such as firewalls and intrusion detection systems (IDS). It also discusses the need of adhering to regulations, especially those pertaining to data privacy legislation like GDPR and standards like the Payment Card Industry Data Security Standard (PCI DSS).