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The security issues of China's e-commerce

Since 90s in the last century, e-business appearing, and e-commerce in China has achieved rapid development. However, there are a number of factors constraining development of e-commerce, security is one of them. As a winner of e-commerce, Epathchina.com thinks that security issues are not only causing huge economic losses but also seriously undermine people's confidence to e-commerce. Here, epathchina.com (www.epathchina.com) tends to discuss its unique views on the performance of China's e-commerce securities. 1. Information Security Information security refers to a variety of factors causing information leakage, loss of information, information tampering, false information, information delaying, information imperfect etc. as well as the resulting risk. Specific performance are: stealing trade secrets; leakage of trade secrets; tampered transaction information; undermining the authenticity and integrity of information; receiving or sending false information to undermine trade, stealing trading results; forged transaction information; illegal to delete transaction information; loss of trading information; virus damage; hacker invasion etc. If the information has been illegally stolen or leaked, it may bring serious consequences and significant economic losses to the relevant enterprises and individuals. If can not receive timely, accurate and complete information, enterprises and individuals can not make a correct analysis of transactions and judgments; can not make rational decisions in line. Remove the transaction information illegally and transaction information loss may lead to economic disputes, which can cause economic losses to the transaction party or parties. The most common information risk is information theft and disclosure illegally. It often caused a chain reaction to form a follow-up risk, which is the most concerned issue of the current enterprise and individual. The typical example information risk performs as phishing, not only manufacturers and consumers suffer great economic losses, more importantly, it is possible to make people lose heart on e-commerce this new economic form. 2. Transaction security Transaction security refers to the a variety of insecurity factors existing in the process of e-commerce transactions, including transactions confirmation, products and services, product and service quality, price and payment security as well as other aspects of problems. Different form traditional commerce, e-commerce has its own characteristics: market loosely, the subject virtualization, trading networking, electronic money, and settlement instantaneous and so on. All these make the risk of e-commerce transactions demonstrate new features, new forms, and magnified. In the real society, there are lots of transaction security issues. For instance: sellers using information superiority to make shoddy and inferior as superior to publish false information to deceive the purchaser; sellers use the uncertainty identity and randomness in the and out market of participants to charge fees but without services or fewer services. Of course, there is the opposite situation: the buyer use the seller's honesty to take products and services but avoid implementation of the contract the contract in anonymous, renamed or exiting the market etc. 3. Property security Property refers to a variety of reasons causing e-commerce participants face the risk of property and other economic benefits. Property is often the ultimate form of e-commerce security issues, but also the issue of information security and transaction security consequences. Property security mainly stands as property losses and other economic losses. The former, such as customer's bank funds being stolen; false transactions, property being stolen and so on. The latter, such as information disclosure, loss, damaging the credibility of the enterprise, the economy suffered losses; subjected to network attack or failure which make enterprise e-business system efficiency reduce or in even paralysis. Now, e-commerce's gets an unprecedented expansion which has penetrated national economy and daily life. From Epathchina.com (www.epathchina.com) point of view, any enterprise and individual should pay more attention to these security issues, no matter a seller or a buyer. Only in this way, e-commerce can enhance the confidence of consumers and finally make profits.