Symbolon - A novel concept for secure e-commerce

Abstract

Electronic-banking applications (EBAs), like other e-commerce applications, require sophisticated security mechanisms and intuitive usability so customers put trust in them and therefore use EBAs. Although EBAs have been existing for a long time and their concepts are well understood, current EBAs have severe security and usability restrictions. The paper shows the usability and security problems of related technologies and introduces a new approach that is based on asymmetric encryption. The evaluation shows that it meets the intended criteria. Finally the work also includes examples that show how this approach can be used to build secure e-business and e-commerce applications while retaining intuitive usability. © 2002 Kluwer Academic Publishers.