Growth, Security, and Forecasts of e-Commerce and m-Commerce

Businesses in the United States and over the world gain great sums of revenue because of the use of Electronic Commerce (e-commerce) and Mobile Commerce (m-Commerce). E-commerce users over the last decade has spiked significantly. Technology has become a way of life for many individuals as well as organizations to conduct business virtually. However, with the rapid progress of e-commerce and m-commerce, security issues are becoming a matter of public concern. The security of a transaction is the core and a key concern for the development of a successful business. However, there are always going to be threats that compromise the integrity of e-commerce and m-commerce security. Judging from the past history, e-commerce and m-commerce are faced with unique risks on a daily basis. It is important to update and implement new safety procedures to protect the security of e-commerce/m-commerce so they do not become vulnerable to attacks. This paper explores the progression of e-commerce throughout the past decade and the implementation of m-commerce; determine whether m-commerce is more widely used and relevant compared to e-commerce on the web; assess factors affecting each sector of both e-commerce and m-commerce security; evaluate the growth despite such threats; and discover different methods of implementing and evaluating the key elements to control risks.