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Trust and Risk in Internet Commerce
     

Trust and Risk in Internet Commerce

by L. Jean Camp
 
As Internet-based commerce becomes commonplace, it is important that we examine the systems used for these financial transactions. Underlying each system is a set of assumptions, particularly about trust and risk. To evaluate systems, and thus to determine one's own risks, requires an understanding of the dimensions of trust: security, privacy, and reliability.

In

Overview

As Internet-based commerce becomes commonplace, it is important that we examine the systems used for these financial transactions. Underlying each system is a set of assumptions, particularly about trust and risk. To evaluate systems, and thus to determine one's own risks, requires an understanding of the dimensions of trust: security, privacy, and reliability.

In this book Jean Camp focuses on two major yet frequently overlooked issues in the design of Internet commerce systems -- trust and risk. Trust and risk are closely linked. The level of risk can be determined by looking at who trusts whom in Internet commerce transactions. Who will pay, in terms of money and data, if trust is misplaced? When the inevitable early failures occur, who will be at risk? Who is "liable" when there is a trusted third party? Why is it necessary to trust this party? What exactly is this party trusted to do? To answer such questions requires an understanding of security, record-keeping, privacy, and reliability.

The author's goal is twofold: first, to provide information on trust and risk to businesses that are developing electronic commerce systems; and second, to help consumers understand the risks in using the Internet for purchases and show them how to protect themselves.

Editorial Reviews

Library Journal
Camp (government, Harvard Univ.) examines in detail how financial transactions succeed and fail on the Internet. She illustrates how to evaluate risk and reliability in current systems, how to protect oneself financially online, and where e-commerce might go. She specifically covers money, cryptography, threats, key management, privacy, data reporting, transactions, Internet commerce systems, Internet currencies, and the coming collapse in Internet commerce. By no means light reading, this is still highly recommended for large public and university libraries. Copyright 2000 Cahners Business Information.\

Product Details

ISBN-13:
9780262032711
Publisher:
MIT Press
Publication date:
04/18/2000
Pages:
293
Product dimensions:
6.38(w) x 9.29(h) x 1.02(d)

What People are Saying About This

Hal R. Varian
Trust and Risk in Internet Commerce explains the major security techniques used in electronic commerce clearly and accurately. It should be required reading for all executives and policymakers whowant to understand these issues.

Daniel E. Geer
In this book, L. Jean Camp proves she is eminently qualified to lay out the conundrums of trust and risk, conundrums that are inherent to 'being digital' in an increasingly commercial world. I hope that everyone who reads this book both memorizes its main points and pick a fair fight with somebody who hasn't. As soon as possible.

Meet the Author

L. Jean Camp is Assistant Professor at Harvard University's John F. Kennedy School of Government.

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