Suppose your business had an e-commerce web site where it sold goods and accepted credit card...

Suppose your business had an e-commerce web site where it sold goods and accepted credit card payments. Discuss the major security threats to this web site and their potential impact. What can be done to minimize these threats?

Expert Solution

The major security threats to this web site and their potential impact are:

1.Creditcard counterfeiting

This means the use of fake credit cards.
These cards contain real account information of users.
That information will be stolen from the users.
This card is used for payment.
But the cards will be fake.

2.Transaction hijacking

Here the transaction address is exchanged.
The hacker will exchange the transaction address of users.

3.Wire fraud

Here the hacker will frequently look at the user’s financial status.
By understanding it, they will misuse the credit cards which is used for the payments.

4.Hacking of personal information.

Hackers will steal the user’s personal information.
For this, they will use illegal access websites or any devices.

5.Unauthorized database access and servers.

There may happen unauthorized access to databases or servers.

6.Denial of service attack of the server.

Disrupts the normal traffic.
Give more traffic than the server can accommodate.

To minimize these threats:

New cards should be signed immediately.
Always keep the operating system up-to-date.
Users can update online passwords frequently.
Users should create a strong passcode for the credit cards.
Monitor the login attempts.
Develop a denial of the service response plan.
Secure the network infrastructure.

venereology answered 5 months ago

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