Global - Internet - IT Standards, Security

Synopsis

Archived report. This report was archived in February 2004 and has not been updated. Despite the growing use of e-commerce, the adoption of technologies to ensure security of those transactions has been slow. The development of technologies such as SET is taking longer than expected due to high cost, complexity and lack of industry agreement. Banks could fix the security problem overnight, but they would kill the usability of the Internet in that process. The credit card is still the most common means of payment. This report described and discussed the various approaches to e-commerce security, the standards being used and the groups behind those standards.