Internet based systems are very vulnerable because the internet is designed to be open to anyone. Every piece of information needs to go through many computer systems before it reaches its destination. Information/data can be monitored, captured as well as stored at any of the points along the route.

Today, due to the advancement in technology, many people can intercept and spy on streams of electronic information as data flow through the net and other open networks. Interceptions usually happen during transactions are being made. Important data that might be intercepted may include the names of the credit card holders and the credit card numbers. Security of Electronic payments is one reason why E-Commerce has not grown more rapidly online.

Labels: Security; Privacy