The secure of online credit card transaction

Reference:http://www.pewinternet.org/pdfs/PIP_Online%20

Recently, my web development lecturer Mr. Andrew has taught a lesson which is about the tools and methods of cybercrime and the safeguard (the solution to solve the risk of cybercrime) which is very useful in my topic, and I get to learn more. I get to know actually online shopping is very dangerous in some way.

<その中でも、クレジットカード決済はその場でお支払いまで済まして、全購入手続きが完了できるというところが便利なところです。後で銀行に振込みに行く手間もありません。>

Reference:

Credit Card and Online Shopping, Decribe the credit card [Online], Retrieved 6th February 2009

URL: http://credit.echoes-act3.com/o/post_64.html

The paragraph above claims that among the payments like bank transfer and credit card payment the consumers will choose credit card payment on the spot. This is convienience to complete the purchase. Moreover, the consumers no need go to bank and transfer the money after they have booked the stuff.

Mostly people are paying by credit card while doing online shopping, which I found is very dangerous. CCV, as know as credit card validation, it available behind of the physical card, it was numbers that state behind the credit card. In reality, the store will normally, verified the card with a Point of Sale terminal to handle credit card transactions, like what you can see when you buy things by using credit card in a store or market. A receipt will be given by the cashier to keep it as a proof of the trade. But in online shopping, it seems natural that online commerce would be done with credit cards rather than other kind of payments. Just simply type our credit card number into the merchant's World Wide Web (www) page payment form and wait for our purchase to be shipped to us. The only thing that needs to pass between the merchant and the buyer is the credit card number. The problem is, it's not that simple and safe. In the open networking, the data show and flow without unencrypted, the mischief-maker may uses the number without the person permission to do some unknown trade and action. Unless there is a security based provision built in that can ease the people`s fear, a secure server is one that uses a protocol such as SSL or S-HTTP to transmit data between the server and browser, which a person have to beware of that before making any payment by using credit card.

Here is a video showing PayPal hacking...

There are a lot of videos like this in the internet. The hackers show how they hack other people accounts and password, teaching people how to hack PayPal money.