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Cyber security threats: A never-ending challenge for e-commerce.

Xiang Liu1, Sayed Fayaz Ahmad2, Muhammad Khalid Anser3,4

  • 1School of Economics and Management, Fuzhou University of International Studies and Trade, Fuzhou, China.

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E-commerce faces significant cybersecurity threats like social engineering and malware. Continuous investment in technology, employee training, and robust policies are crucial for mitigating these evolving risks.

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Area of Science:

  • Information Security
  • E-commerce Technology
  • Business Management

Background:

  • E-commerce adoption presents unprecedented opportunities for businesses and consumers.
  • The rapid growth of e-commerce technology introduces complex cybersecurity challenges.
  • Cybersecurity threats are a significant concern for businesses globally, with annual spending increasing.

Purpose of the Study:

  • To explore prevalent cybersecurity threats impacting e-commerce.
  • To analyze specific threats including social engineering, denial of service, malware, and personal data attacks.
  • To conceptualize effective strategies for mitigating e-commerce cybersecurity risks.

Main Methods:

  • Conceptual analysis of key cybersecurity threats in e-commerce.
  • Review of existing literature on e-commerce security challenges.
  • Examination of the evolving nature of cyber threats and vulnerabilities.

Main Results:

  • Cybersecurity threats in e-commerce are diverse, encompassing social engineering, denial of service, malware, and personal data breaches.
  • Overcoming these challenges is complex due to attackers' constant exploitation of human, organizational, and technological vulnerabilities.
  • The dynamic between e-commerce technology advancement and cybersecurity is a continuous 'cat and mouse' game.

Conclusions:

  • Effective mitigation requires a multi-faceted approach.
  • Investment in reliable cybersecurity technology is essential.
  • Comprehensive training for employees and consumers on technology use is necessary.
  • Strong firm-level and governmental policies and regulations are critical for reducing e-commerce risks.