e-Commerce under blanket of fear

#102 e-Commerce is buried beneath a blanket of fear. Online purchases, according to some observers, are down by nearly half; Internet banking by nearly a third. Tales of lost credit information, worms in credit processing computers and missing tapes have made customers —and everyone else — nervous about revealing personal information over the Web.

We also covered this topic previously in a previous blog entry - Security concerns severely stunt e-commerce.

This is serious stuff!

This is an interesting article that looks at things from the consumer and merchant point of view and some new ways of using credit cards over the internet that safeguard its details. I really liked the closing remarks, namely "Customers will eventually come to realize that it's not the Internet that they should worry about but rather companies whose security practices are not up to snuff."