e-commerce

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Ecommerce started when Internet become easily available to the public. Initially, ecommerce meant the process of commercial transactions electronically with the help of technologies providers such as Electronic Data Interchange (EDI) and Electronic Funds Transfer (EFT). These technologies appeared in the late 1970s.

The growth and acceptance of credit cards, automated teller machines (ATM) and telephone banking in the 1980s were also forms of electronic commerce. From the 1990s onwards, electronic commerce would additionally include enterprise resource planning systems (ERP), data mining and data warehousing.

Internet popularity heightens in 1994. Security protocols such as HTTP and DSL were sufficiently developed in end of 90s to allow for speedy access and persistent connection.

Huge number of business companies in the United States and Western Europe represented their services in the World Wide Web (www) during early 2000s. People began to define ecommerce as the process of purchasing of available goods and services over the Internet using secure connections and electronic payment services.

Although the dot-com collapse in 2000 led to unfortunate results and many of ecommerce companies disappeared, the “brick and mortar” retailers recognized the advantages of ecommerce and began to add such capabilities to their web sites.

Amazon and Ebay which were among the first Internet companies to allow electronic transactions. Currently there are 5 largest and most famous worldwide Internet retailers: Amazon, Dell, Staples, Office Depot and Hewlett Packard.

According to statistics, the most popular categories of products sold in the World Wide Web are music, books, computers, office supplies and other consumer electronics.

Reference:
http://www.ecommerce-land.com/history_ecommerce.html
http://www.ecommerce-journal.com/articles/electronic_commerce_aka_e_commerce_history

According to the blogger Kai Wah, he found one research done by Information Week on 28,000 passwords from a popular website on the most common type of passwords used . He recommends choosing a password with minimum 8 characters of mixed case and symbol for better protection.

What is 'Phishing'? Phishing is a fradulant activity done to extract information from web user through deceptive means. Phishing is generally initiated via an e-mail impersonating another website, however, telephone and mail phishing have been use to collect information on a slightly smaller scale.


Nowadays, there are a lot of bank have upgrade their internet banking service to provide more flexibility to customer. Customer can easily check their deposit account, done their credit card and bill payment thru the internet.

How does phishing happen thru internet banking???

Bank phishing is generally done by a fraud e-mail contain a letterhead look like very genuine. these e-mail infer that..."a change have been made to your bank account...", "something into your account need urgent attention...", or anyhting else that would make one eager to sign into their online banking website. Once you have clicking the link within the e-mail, you are directed to a fraud login page that look strikingly similar to the real deal. In an unexpected senario, you will be redirected to sign in to the real deal and found there is nothing changed. At the same time, your details have been taken by the scammer or either make tansaction. The scammer will collect as much information as possible on their phished account to use as leverage to get more information such as telephoe number, house address, checking saving account routing number and etc. This can all be prevented with a browser that provided by your bank.

Prevention Method

Log on into Bank web-site, set the security system.


Be alert on the web news provided by bank.













Follow the guideline provided by bank, contact customer services support if you have any inquiry or any suspended information get from e-mail.


Please be alert: Bank normally will not contact customer by using e-mail .