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Security and trust of online auction systems in e-commerce

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posted on 2023-06-07, 19:16 authored by P W Lei, L K Lo, Chris ChatwinChris Chatwin, Rupert YoungRupert Young, M I Heywood, N Zincir-Heywood
Internet trading is an irresistible business activity, which nevertheless is constrained by unresolved security issues. With e-tailers like amazon.com 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.

History

Publication status

  • Published

Publisher

Idea Group Publishing

Page range

356-368

Pages

439.0

Book title

Architectural Issues of Web-Enabled Electronic Business

Place of publication

Hershey

ISBN

9781591400493

Department affiliated with

  • Engineering and Design Publications

Full text available

  • No

Peer reviewed?

  • Yes

Editors

V K Murthy, Nansi Shi

Legacy Posted Date

2012-02-06

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    University of Sussex (Publications)

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