The purpose of this dissertation is to carry out an examination of the security of commercial
transactions carried out over the Internet:
(i) To explain what exactly the Internet is and how e-commerce has evolved with the advent of
(ii) To examine the security techniques, which are used in e-commerce, and determine their
(iii) To point out the major threats posed to e-commerce.
(iv) To profile Internet banking and Ireland's two major banks, AIB and BOI who offer banking
(i) The level of commercial trade online has experienced exponential growth, although it is
slowing down, and with such growth levels, security has become a pivotal part of the success
(ii) The security techniques available are highly sophisticated and capable of securing commercial
(Hi) Many people still do not trust the security of e-commerce, and are unwilling to buy any
product or service online.
(iv) Legislation of the Internet is a hugely important issue. The Internet must be regulated to
prevent a criminal cyber culture developing.
(i) Trust is the key tool to the success of e-commerce. People must trust the security of online
transactions. Once properly implemented the security techniques available are capable of
enforcing trustworthy online trade.
(ii) . Once a person follows the correct steps and acts responsibly and sensibly then commercial
online transactions can be trusted.