uthorization mechanisms for access to various function and commands. 2.A Firewall with audit and logging capabilities. 3.Netscape’s secure Web browser using the SSL protocol. Other Virtual banking options include banks sending customers proprietary software to do banking via direct modem connections and the cooperation with existing on-line services, such as American Online. In the later situation the bank is in effect outsourcing many security issues and responsibilities (TADJER 4). The Future of Electron Commerce Security In general, the challenge of improving the security of electronic commerce lies not so much in solving technical problems of security- in theory they are already solved, but in overcoming the institutional chaos of the many public and private organizations that control the Internet. The Internet is conglomeration of world wide TCP/IP networks that no one really controls (3, 366). Several organizations will be prominent in the future of electronic commerce. The development of TCP/IP is overseen by the Internet Engineering Task Force (IETF) and many Internet standards are recommended by the World Wide Web Consortium (W3C). Most current security devices cannot rely on TCP/IP, but future standards are likely to include security improvements in the TCP/IP protocol, of which users will largely be unaware (SOURCE ). Many new secure systems, such as SSL and SET, were developed by private companies but are on the way to universal acceptance amount Internet users. Java, the new programming language developed by Sun Microsystems, has much promise in security for network environments (DEBORAH AND G.T. 117). Some trade organizations have encouraged the formation of working groups to speed up the creation of secure electron commerce environments. The Financial Services Technology Consortium (FSTC) is comprised of banks, financial services firms, technology vendors, research laboratories, and government agencies (...
