1. I used the Hong Kong Bank internet-banking very often. I found, the security level is pretty high, they have three levels of security input, firstly, you have to input your name, secondly, your owned password , thirdly the security code generated by token given by Hong Kong Bank. They used the SSL technology for encryptions.
2. Secure Electronic Transactions (SET) is an open protocol which has the potential to emerge as a dominant force in the securing of electronic transactions. Jointly developed by Visa and MasterCard, in conjunction with leading computer vendors such as IBM, SET is an open standard for protecting the privacy, and ensuring the authenticity, of electronic transactions (IBM 1998). SET is comparatively secure common with SSL , since SET needs to have the additional software be installed and informed an other third party , however, SSL just only cater directly with customers and merchants only.SET is not common in the market, since the cost and additional software and configuration had to implemented. (Wikipedia, 2009)
References:
Wikipedia, 2009, ' Secure Socket Layer'
<http://en.wikipedia.org/wiki/Secure_socket_layer>
2. Secure Electronic Transactions (SET) is an open protocol which has the potential to emerge as a dominant force in the securing of electronic transactions. Jointly developed by Visa and MasterCard, in conjunction with leading computer vendors such as IBM, SET is an open standard for protecting the privacy, and ensuring the authenticity, of electronic transactions (IBM 1998). SET is comparatively secure common with SSL , since SET needs to have the additional software be installed and informed an other third party , however, SSL just only cater directly with customers and merchants only.SET is not common in the market, since the cost and additional software and configuration had to implemented. (Wikipedia, 2009)
References:
Wikipedia, 2009, ' Secure Socket Layer'
<http://en.wikipedia.org/wiki/Secure_socket_layer>
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