MODULE 6 DISCUSSION.docx - How are the companies in this...

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How are the companies in this business protecting their users from such assaults, and how can these companies improve the security of online classifieds? When you utilize a business via a website or the Internet, your credit card information and any other personal information is at risk to be exposed by network sniffers. These network sniffers use software that easily recognizes credit card number formats. Some basic security measures that businesses are using to help solve these security problems are encrypting the data passing between the customer and merchant, encrypting the data passing between the customer and the company authorizing the credit card transaction, and taking sensitive information off- line. For example, many companies use the Secure Socket Layer (SSL) security method originally developed by Netscape Communications that automatically encrypts data passing between your Web browser and a merchant’s server. However, sensitive information is still vulnerable to misuse once it’s decrypted and stored on a merchant’s server, so a digital wallet payment system was developed. In this method, you add security software add-on modules to your Web browser. That enables your browser to encrypt your credit card data in such a way that only the bank that authorizes credit card transactions for the merchant gets to see it. All the
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