How to approach the inevitable: Cyberspace

An excerpt from The Conference Board's paper, entitled Commerce in Cyberspace, is presented. There are skeptics of the prospects for on-line commerce. Some of their concerns, including those regarding the security of Internet transactions, are quite valid. However, consensus holds that this is...

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Bibliographic Details
Published inBank security & fraud prevention Vol. 3; no. 12; p. 2
Main Author Edwards, W Brian
Format Journal Article
LanguageEnglish
Published Washington American Bankers Association 01.12.1996
Subjects
Bank marketing
Computer security
Confidentiality
Convergence
Credit card processing
Distribution channels
Electronic commerce
Electronic data interchange
Internet
Internet access
Market potential
Marketing
Private networks
Software
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Summary:An excerpt from The Conference Board's paper, entitled Commerce in Cyberspace, is presented. There are skeptics of the prospects for on-line commerce. Some of their concerns, including those regarding the security of Internet transactions, are quite valid. However, consensus holds that this is a business that will explode in coming years, and the winners will be those creating solutions rather than griping about the problems. The security of electronic commerce depends on 4 critical components:; 1. confidentiality, 2. integrity, 3. authentication, and 4. non-repudiation.