How Safe Is Electronic Commerce?

“2009 was the first year since 2005 that the number of data breach incidents recorded actually dropped. If that makes you feel a little more secure—there is a counter side. The same site reports on personal records that have been exposed: 220 million records in 2009 as compared with 35 million in 2008.” By Pankaj Kumar, E-Commerce Times, 18th January 2010.

The advancement of technology has successfully mitigated the commit of data breach incidents since 2009. As it gives a relief to the CEO from the organizational point of view, common user like me and you is now worried about the violation of our personal records.

Is online transaction safe enough? What harm might we suffered from the breach of personal records?

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