In fact, with the rapid advancements in security technology, such as IBM Secureway, EC is likely to emerge as one of the most secure ways to conduct business transactions. Yes, attempts at fraud will be more prevalent because there are more possible points of entry and more people who will have access to computers. However, better locks are being established. Charles Cresson Wood Reliable estimates of Internet fraud are still missing. Those of us working in the information security field have every reason to believe that the criminal element will exploit vulnerabilities where they exist.
All new technology brings new risks.
In general, organizations have not been investing sufficient resources in security prior to deploying information systems, including Internet electronic commerce systems. It's ten times less costly to design controls into systems than it is to add the controls after a system has gone into production. One good example of this is the cellular telephone industry which is now plagued by various types of fraudulent calls. Inc. All Rights Reserved.