What are the security risks of online payment?

System risk refers to the possible losses caused by security loopholes or defects in the online payment system of banks. Online payment is based on

Depending on the network environment, the technical or management problems in the information system will be more serious.

System risk. When the system transmits information with the counterparty, if the system is incompatible with the counterparty's terminal or fails, transmission will occur.

Interrupt or slow down. In addition, if the computer crashes, disk damage, virus invasion and other issues, will have system risks.

In the future, most transaction payments will depend on the network, and the risks existing due to the limitations of the system itself will inevitably hinder the network.

The online payment goes smoothly. In 2004, there was a Trojan horse named "Online Banking Thief", which easily broke through the banking system and stole it.

The loss of user's account number and password has greatly hindered the smooth development of online payment.

2. Man-made risks

Man-made risk refers to the risk caused by the disclosure of important information such as passwords due to personal factors in transactions. usually

Based on cost considerations, several financial institutions will seek help from external forces to solve technical or management problems in their operations. This is a double-edged sword.

Practice has solved its own problems and exposed its own risks.

1) External risks of financial institutions

Hackers usually use IP address deception, tampering with user data and other technologies to achieve their illegal profit. Hackers will put themselves

Impersonating a trusted host, sending packets containing viruses to other hosts, or impersonating other people's information in the mail server.

Common hacker attack methods include denial of service attack, synchronous attack, web spoofing and so on. Various means, continuous renovation, people

It's hard to prevent.

Viruses and Trojans designed by some computer experts are a great threat to the security of online payment. Major websites and even some well-known websites.

The station was not spared from being placed with a back door. These hacking programs will not only destroy the computer system, but also steal sensitive information such as the account information of the parties.

Content files have done great harm to people's online payment. American bank accounts lose as much as 6000 yuan online every year.

At the same time, the total number of attempted electronic theft has reached 500-654.38+0 billion dollars, with an average of every crime of armed bank robbery.

The value can reach $ 1500, and the average criminal value of "electronic pickpocket" can reach $250 thousand.

2) Internal risks of financial institutions

The management of employees in online payment industry is a relatively weak link in online payment security. This group is in charge of this matter.

Holding all the links of online payment process, network authentication, firewall and so on are all done by these practitioners. eye

In the past, many domestic online payment cases were caused by insiders, and there was a trend of increasing gradually. Security protection system of network payment

No matter how advanced the technical means, there is nothing that can be done after the system is "broken" within the staff.

3. Credit risk

Credit risk, also known as default risk, refers to the economy caused by the inability or inability of all parties to fulfill their agreed obligations in online payment.

Risk of loss.

The buyer broke his promise.

The buyer breached the contract. From the perspective of funds, although the buyer fails to perform the contract, it may not necessarily cause financial losses to the seller or the third-party enterprise.

However, this will increase the operating cost and credit cost of payment enterprises, the proportion of users with low credit will increase, and various risks will also increase.

In addition The credit risk of the buyer may also involve whether the source of funds is legal, the buyer denies the transaction operation, and pays under a false identity.

Easy, money laundering or something.

2) The seller broke his promise.

The seller can't provide the products agreed with the buyer and can't deliver them to the customer at the scheduled time, which will cause the buyer's related losses.

For example, the related expenses of returning goods, the time cost caused by negotiation with the seller and other expenses, the seller's own operating costs and credit costs have greatly increased.

In addition, it has caused great loss of credibility.

3) The bank broke its promise.

In the case of overdue settlement or non-bank card transactions, problems such as bank refusal to pay or delayed settlement will generate liquidity risk.

Online banks carry out their own risk assessment of borrowers' credit through remote communication and credit authentication related procedures, which may increase.

Plus the credit risk of online banking itself. The borrower may not fulfill the obligation to borrow electronic money, or it may be due to the borrower.

The evaluation system is not perfect enough, which leads to mistakes in credit evaluation and bank judgment.

4. Operational risks

From the bank's point of view, this kind of risk mainly refers to the handling of transactions, the mistakes in process management or the relationship with trading partners.

Losses caused by product failure, unreasonable function or design, negligence of staff service or specific customers.

Bank losses caused by the loss of customers due to failure to provide due professional services. Business account records are incorrect and information is exchanged.

There are reasons such as information error, unauthorized entry, transaction without customer's permission, and delivery error.

Various losses, lack of functions of the product itself, forced sales, concealment of sensitive issues, improper customer suggestions,

Careless operation of employees, irrationality in advertising content, irrationality in trading, discriminatory attitude in sales, etc., lead to

The breakdown of trust relationship with customers, contract relationship and customer relationship has led to various major events.

Loss.