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Explain the measures taken to protect the security and safety of e-transactions.

Answer:

Ans. Following measures are taken to protect security and safety of e-transactions:

1. Cryptography: According to Pete Loshin, "It means use of such measures so as to keep the information out of the hand of anyone but its intended recipient. "Even if the message is intercepted the meaning shall not be apparent unless the interceptor is able to decode. This technique makes use of codes and cyphers.

2. Password: The parties to an e-commerce transaction must use the password. Password is a code fed in computer by the user. It can be in alphabets or numeric or alpha-numeric characters. Unless a person feeds in the password, system shall neither respond nor give effect to the transactions. Therefore, one must keep a password.

3. Cookies: Cookies are very similar to creating ID in telephones that provide telecallers with such relevant information as the customer's name, address and previous purchase payment record.

4. Creating Keys: Key is a secret algorithm. Only the person who has the key can read the data.