Security and trust of online auction systems in e-commerce

Lei, P W, Lo, L K, Chatwin, C R, Young, R C D, Heywood, M I and Zincir-Heywood, N (2003) Security and trust of online auction systems in e-commerce. In: Shi, Nansi and Murthy, V K (eds.) Architectural Issues of Web-Enabled Electronic Business. Idea Group Publishing, Hershey, pp. 356-368. ISBN 9781591400493

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Internet trading is an irresistible business activity, which nevertheless is constrained by unresolved security issues. With e-tailers like having a storefront for auction and the two largest traditional auction houses in the world, Christie’s and Sotheby’s, operating online auctions too; online auction systems are now playing an increasingly important role in e-commerce. However, online auction fraud has been reported in several high profile cases; this chapter offers some solutions for problems identified in online auction trading; which is largely unregulated and in which small auction sites have very little security. A secure architecture for online auction systems will greatly reduce the problems. The discussion herein is restricted to those factors that are deemed critical for ensuring that consumers gain the confidence required to participate in online auctions, and hence a broader spectrum of businesses are able to invest in integrating online auction systems into their commercial operations.

Item Type: Book Section
Schools and Departments: School of Engineering and Informatics > Engineering and Design
Depositing User: Chris Chatwin
Date Deposited: 06 Feb 2012 18:13
Last Modified: 17 Jul 2012 11:13
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