Cyber Crime Effecting E-Commerce Technology

The early struggles with the internet was finding a way to safely buy and sell goods or transfer funds using computer and telecommunication networks. The goal was to enable e-commerce by providing a safe, convenient and immediate payment system on the internet. But internet is notorious for giving its users a feeling of anonymity. The inadequate security results in major damage. Now a days a number of critical transactions are carried out by computer systems over networks. There is an internet security threat - cyber crime which enables ecommerce transaction face significant financial and information losses.