What is E-Commerce?

Electronic commerce or e-commerce is a term for any type of business, or commercial transaction that involves the transfer of information across the Internet. It covers a range of different types of businesses, from consumer based retail sites, through auction or music sites, to business exchanges trading goods and services between corporations. E-commerce allows customers to overcome geographical barriers and allows them to purchase products anytime and from anywhere.

Statistically Speaking

In 2017, retail e-commerce sales worldwide amounted to 2.3 trillion US dollars. Experts expect e-retail revenues to grow to 4.88 trillion US dollars in 2021. Online shopping is one of the most popular online activities worldwide. In 2016, online sales of physical goods totaled 360.3 billion US dollars. They project sales to surpass 603.4 billion US dollars in 2021. Apparel and accessories retail e-commerce in the U.S. is projected to generate over 121 billion U.S. dollars in revenue by 2021. In 2017, retail commerce generated $102.94 billion in revenue from smartphones in the United States.

Why Choose Cyber Security?

E-commerce fraud is rising rapidly. Both the number and average monthly value of fraudulent retail transactions rose in 2016, according to LexisNexis. However, that’s especially prominent in digital channels — the cost per dollar of fraud grew 9-12% for online and mobile channels, compared to by just 3% for in-store purchasing. Fraud cost U.S. retailers approximately $32 billion in 2014, up from $23 billion just one year earlier. To solve the card fraud problem across in-store, online and mobile payments, payment companies, and merchants are implementing new payment protocols that could finally help mitigate fraud.

Associate Degree

At this level, topics covered include network communication, security concepts, operating systems, servers, programming, and more. Students may also receive the preparation necessary to sit for professional industry certifications like CompTIA A+, Network+, Security+, and Linux+.

You can take many of these programs at a local community college. Some colleges offer an Associate of Science and an Associate of Applied Science in cybersecurity. Both degree programs consist of 60 credit hours that you can complete within four semesters of study. The associate of science option gives students a foundation for further study in a bachelor’s program in cyber security or related field. The associate of applied science prepares students for work in the field immediately following graduation.

Bachelor’s Degree

Start your formal education with a bachelor’s degree. Some of the courses you should expect are computer forensics, cyber attacks and defense, data communications, and network security. The interdisciplinary nature of a Bachelor of Science in Cybersecurity program allows potential students to develop deep technological skills; an understanding of the business, managerial, and administrative elements of cybersecurity; and an awareness of cybercrime issues. Programs are available online for convenience and cost-savings.

There is a choice of more specialized degree programs. For example, a B.S. in Information Systems Security online designed for future cyber forensics specialists to gain IT problem-solving skills. During the 120 total credits, the online program integrates courses from discrete mathematics and Java programming to network administration and information assurance. Graduates of this curriculum will have the necessary skill set to enter into security-centric careers in network and computer administration, system analysis, and computer support.

The curriculum at each school varies. For example, another B.S. degree in Cyber Operations emphasizes the technical skills for spotting, analyzing, and addressing cyber risks with state-of-the-art technologies. Courses take an accelerated, nine-week format for quickly mastering risk auditing, cyber forensics, cryptography, access control, and mobile device security. Other programs may better suit your interests with coursework in malware analysis, cellular security, assembly language, and data structures.

Master’s Degree

There is a host of choices at the graduate level in different areas of concentration:

There are no degrees specific to e-commerce cybersecurity. A degree in cyber security or related field (network security) will be more beneficial than a business degree. The biggest problem regarding e-commerce is thwarting hacks. For example, hackers might use a product-rating feature, common on e-commerce sites, to insert JavaScript code onto a page that reads information directly off the computers of other site visitors. Therefore, a security issue demands the expertise of the skilled cybersecurity professional.