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L. Jean Camp - Trust and Risk in Internet Commerce

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As Internet-based commerce becomes commonplace, it is important that we examine the systems used for these financial transactions. Underlying each system is a set of assumptions, particularly about trust and risk. To evaluate systems, and thus to determine ones own risks, requires an understanding of the dimensions of trust: security, privacy, and reliability. In this book Jean Camp focuses on two major yet frequently overlooked issues in the design of Internet commerce systemstrust and risk. Trust and risk are closely linked. The level of risk can be determined by looking at who trusts whom in Internet commerce transactions. Who will pay, in terms of money and data, if trust is misplaced? When the inevitable early failures occur, who will be at risk? Who is liable when there is a trusted third party? Why is it necessary to trust this party? What exactly is this party trusted to do? To answer such questions requires an understanding of security, record-keeping, privacy, and reliability. The authors goal is twofold: first, to provide information on trust and risk to businesses that are developing electronic commerce systems; and second, to help consumers understand the risks in using the Internet for purchases and show them how to protect themselves. Rather than propose a single model of an Internet commerce system, the author provides the information and insights needed by merchants and consumers as they develop the Internet for commerce.

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title Trust and Risk in Internet Commerce author Camp L Jean - photo 1

title:Trust and Risk in Internet Commerce
author:Camp, L. Jean.
publisher:MIT Press
isbn10 | asin:0262032716
print isbn13:9780262032711
ebook isbn13:9780585249278
language:English
subjectElectronic commerce--Security measures, Internet--Security measures, Business enterprises--Computer networks--Security measures.
publication date:2000
lcc:HF5548.32.C355 2000eb
ddc:005.8
subject:Electronic commerce--Security measures, Internet--Security measures, Business enterprises--Computer networks--Security measures.
Page iii
Trust and Risk in Internet Commerce
L. Jean Camp
Trust and Risk in Internet Commerce - image 2
Page iv
2000 Massachusetts Institute of Technology
All rights reserved. No part of this book may be reproduced in any form or by any electronic or mechanical means (including photocopying, recording, or information storage and retrieval) without permission in writing from the publisher.
This book was set in Sabon by Wellington Graphics.
Printed and bound in the United States of America.
Library of Congress Cataloging-in-Publication Data
Camp, L. Jean.
Trust and risk in Internet commerce / L. Jean Camp.
p. cm.
Includes bibliographical references and index.
ISBN 0-262-03271-6 (alk. paper)
1. Electronic commerceSecurity measures. 2. Internet (Computer network)
Security measures. 3. Business enterprisesComputer networksSecurity meas
ures. I. Title.
HF5548.32.C355 2000
005.8dc21
99-052520
Page v
Contents
Preface
ix
Introduction
1
1
The Internet
5
Picture 3
What Is the Internet?
5
Picture 4
What Are Its Origins?
6
Picture 5
Where Is the Internet?
9
Picture 6
Who Is on the Internet?
14
Picture 7
How Does the Internet Work?
18
Picture 8
Layers of Protocol and Stages of a Transaction
30
Picture 9
Commercial Transactions
31
Picture 10
Evaluating Information On-line
36
Picture 11
Pricing and Quality in Internet Commerce
40
Picture 12
Convergence and the Internet
43
2
Money
47
Picture 13
Functions of Money
47
Picture 14
Digital Information Money
51
Picture 15
Money Vendors
54
3
Basic Cryptography
57
Picture 16
Private Key Cryptography
60
Picture 17
Public Key Cryptography
61
Picture 18
Hash Functions
63
4
Security Goals
65
Picture 19
Threats to Electronic Information Systems
66
Picture 20
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