Protecting Online Transactions: A Cybersecurity Solution Model
S. Surya, Suvarna Ranjeet Jagtap, Ramnarayan Ramnarayan, M Asha Priyadarshini, Read Khalid Ibrahim, Malik Bader Alazzam · 2023
The increasing reliance on online transactions and e-commerce platforms has increased cybersecurity threats, putting businesses and individuals at risk of data breaches, theft, and other malicious attacks. This study proposes a cybersecurity solution model to protect online transactions and mitigate the risks of cyberattacks. The model emphasizes the importance of OTP verification and password protection as protective measures to secure transactions. The study highlights the different types of cybersecurity threats faced by e-commerce platforms, including debit or credit card fraud, data misuse, and vulnerabilities in electronic payment systems. Human errors can also increase the risk of cyberattacks, making it crucial for businesses to implement security measures and strategies to prevent and mitigate cyber threats. The proposed cybersecurity solution model emphasizes the need for a multi-layered security approach, incorporating technologies such as firewalls, antivirus software, and encryption. Additionally, the model recommends regular security audits and employee training to raise awareness of cybersecurity risks and promote best practices. The study concludes that businesses and individuals must take proactive steps to protect their online transactions and safeguard against cybersecurity threats. By implementing the proposed cybersecurity solution model, businesses can mitigate the risks of cyberattacks and ensure secure online transactions, promoting trust and confidence in e-commerce platforms.