CAPTURING SECURITY MECHANISMS APPLIED TO ECOMMERCE: AN ANALYSIS OF TRANSACTION SECURITY

Electronic commerce or Ecommerce involves commercial transactions of products or services through the use of computer networks. Generally, Ecommerce may operate on different settings such as online electronic environment, offline electronic scheme, and mobile platform. In all of the mentioned settings, security is one of the most crucial considerations. It is in this context that this research study is conducted in order to look over the leading security mechanisms that are implemented on Ecommerce. Specifically, the study aims to: a) identify the primary concerns involving Ecommerce security; b) identify measures to ensure security on Ecommerce transactions; and c) identify key factors involved in developing schemes for securing Ecommerce transactions. This research utilized descriptive methodology. Secondary data from several published literatures were reviewed with emphasis on promoting secured transactions to analyze the significance of the discoveries of the investigations introduced and their influence in promoting security. Each of the reviewed tools and protocols provided strengths and limitations depending on where they were applied. Based on the findings, it was concluded that aside from strong security features, the major advantages of reviewed protocols and tools focused on lesser costs on computation and communication processes. To further strengthen the security of transactions, combinations of these protocols and schemes may be considered.