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How do you secure something that is changing faster than you can fix it? The Internet has had security problems since its earliest days as a pure research project. Today, after several years and orders of magnitude of growth, is still has security problems. It is being used for a purpose for which it was never intended: commerce. It is somewhat ironic that the early Internet was design as a prototype for a high-availability command and control network that could resist outages resulting from enemy actions, yet it cannot resist college undergraduates. The problem is that the attackers are on, and make up apart of, the network they are attacking.
Designing a system that is capable of resisting attack from within, while still growing and evolving at a breakneck pace, is probably impossible. Deep infrastructure changes are needed, and once you have achieved a certain amount of size, the sheer inertia of the installed base may make it impossible to apply fixes. The challenges for the security industry are growing. With the electronic commerce spreading over the Internet, there are issues such as non repudiation to be solved. Financial institutions will have both technical concerns, such as the security of a credit card number or banking information, and legal concerns for holding individuals responsible for their actions such as their purchases or sales over the Internet. Issuance and management of encryption keys for millions of users will pose a new type of challenge.
While some technologies have been developed, only an industry-wide effort and cooperation can minimize risks and ensure privacy for users, data confidentiality for the financial institutions, and non repudiation for electronic commerce. With the continuing growth in linking individuals and businesses over the Internet, some social issues are starting to surface. The society may take time in adapting to the new concept of transacting business over the Internet. Consumers may take time to trust the network and accept it as a substitute for transacting business in person. Another class of concerns relates to restricting access over the Internet.
Preventing distribution of pornography and other objectionable material over the Internet has already been in the news. We can expect new social hurdles over time and hope the great benefits of the Internet will continue to override these hurdles through new technologies and legislations. The World Wide Web is the single largest, most ubiquitous source of information in the world, and it sprang up spontaneously. People use interactive Web pages to obtain stock quotes, receive tax information from the Internal Revenue Service, make appointments with a hairdresser, consult a pregnancy planner to determine ovulation dates, conduct election polls, register for a conference, search for old friends, and the list goes on. It is only natural that the Web's functionality, popularity, and ubiquity have made it the seemingly ideal platform for conducting electronic commerce. People can now go online to buy CDs, clothing, concert tickets, and stocks.
Several companies, such Digicash, Cybercash, and First Virtual, have sprung up to provide mechanisms for conducting business on the Web. The savings in cost and the convenience of shopping via the Web are incalculable. Whereas most successful computer systems result from careful, methodical planning, followed by hard work, the Web took on a life of its own from the very beginning. The introduction of a common protocol and a friendly graphical user interface was all that was needed to ignite the Internet explosion. The Web's virtues are extolled without end, but its rapid growth and universal adoption have not been without cost.
In particular, security was added as an afterthought. New capabilities were added ad hoc to satisfy the growing demand for features without carefully considering the impact on security. As general-purpose scripts were introduced on both the client and the server sides, the dangers of accidental and malicious abuse grew. It did not take long for the Web to move from the scientific community to the commercial world.
At this point, the security threats became much more serious. The incentive for malicious attackers to exploit vulnerabilities in the underlying technologies is at an all-time high. This is indeed frightening when we consider what attackers of computer systems have accomplished when their only incentive was fun and boosting their egos. When business and profit are at stake, we cannot assume anything less than the most dedicated and resourceful attackers typing their utmost to steal, cheat, and perform malice against users of the Web. When people use their computers to surf the Web, they have many expectations. They expect to find all sorts of interesting information, they expect to have opportunities to shop and they expect to be bombarded with all sorts of ads.
Even people who do not use the Web are in jeopardy of being impersonated on the Web. There are simple and advanced methods for ensuring browser security and protecting user privacy. The more simple techniques are user certification schemes, which rely on digital Ids. Netscape Communicator Navigator and Internet Explorer allow users to obtain and use personal certificates. Currently, the only company offering such certificates is Verisign, which offers digital Ids that consist of a certificate of a user's identity, signed by Verisign. There are four classes of digital Ids, each represents a different level of assurance in the identify, and each comes at an increasingly higher cost.
The assurance is determined by the effort that goes into identifying the person requesting the certificate. Class 1 Digital IDs, intended for casual Web browsing, provided users with an unambiguous name and e-mail address within Verisign's domain. A Class 1 ID provides assurance to the server that the client is using an identity issued by Verisign but little guarantee about the actual person behind the ID. Class 2 Digital IDs require third party confirmation of name, address, and other personal information related to the user, and they are available only to residents of the United States and Canada. The information provided to Verisign is checked against a consumer database maintained by Equifax. To protect against insiders at Verisign issuing bogus digital IDs, a hardware device is used to generate the certificates.
Class 3 Digital IDs are not available. The purpose is to bind an individual to an organization. Thus, a user in possession of such an ID could, theoretically, prove that he or she belongs to the organization that employs him or her. The idea behind Digital IDs is that they are entered into the browser and then are automatically sent when users connect to sites requiring personal certificates. Unfortunately, the only practical effect is to make impersonating users on the network only a little bit more difficult. Many Web sites require their users to register a name and a password.
When users connect to these sites, their browser pops up an authentication window that asks for these two items. Usually, the browser than sends the name and password to the server that can allow retrieval of the remaining pages at the site. The authentication information can be protected from eavesdropping and replay by using the SSL protocol. As the number of sites requiring simpl...
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Research essay sample on Electronic Commerce Financial Institutions
