Online security safer - industry firm

2012-03-12 14:02

kalahari.com

Cape Town - Online systems are becoming more secure to make payments, an industry player has said.

"It's extremely safe; we've not yet had a security flaw in the one-and-a-half years I've been here," Mark Chirnside, CEO of PayU, told News24.

He said that efforts were continuing to improve security to prevent hackers from stealing account information.

"We're always improving the firewall technology, but we're doing intrusion detection and you're a long way from the outside of the system to actually processing a bank transaction."

Online shopping is expected to grow in 2012 as more users have access to increasingly "smarter" mobile phones as well as tablets.

Risk

Providers are racing to provide secure platforms for e-commerce and PayU offers payment gateways for Groupon, kalahari.com and airlines.

"We've had attempted hacks paid for. It's in our interest to ensure as much security as possible - it's what your brand is built on. Having someone have a go at us is not a bad thing and if they find something, fix the hole and next time around we'll do it further," said Chirnside.

A report in February found that there is a small risk with online payments as not all encryption keys work as intended.

A program used to generate random number sequences for encrypting digital information worked properly 99.8% of the time, meaning that two out of every 1 000 "keys" wouldn't thwart crooks or spies, the report warned.

"No system is 100% proof, but we do an awful lot of checking on card numbers, we check stolen card data; we're introducing a new fraud and risk system," Chirnside said.

PayU also said that company systems could limit damage by a potential fraudster by disabling the device used to commit fraud in addition to the card.

"If a device is used to make a poor transaction on our website somewhere in South Africa, we will know about it and next time that device tries to make a transaction, we'll actually block that device.

"We reject ones that we know to be fraud and we defer ones that we're not certain about for manual checks," said Chirnside.

Staff

Web group Anonymous has made several governments and companies nervous about their online security platforms and despite recent arrests, the group is feared after their direct denial of service (DDOS) attacks on MasterCard.

Online security has come under the government's focus and recently, Minister in the Presidency Collins Chabane said that the Cabinet had approved a national cyber security policy framework for SA.

Limiting cyber fraud by company workers is a priority and PayU denies access to its own staff to its production platform.

"Any new employee... has a background check done. It's not a perfect system, but it's a good way of ensuring that you try and pick up the right people.

"We, for example, don't allow any of our developers access to the production platform - none. So there's no way they can get card data at all," Chirnside said.


- Follow Duncan on Twitter
 
Read more on:    internet  |  e-commerce  |  online privacy  |  mobile  |  cybercrime
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/Music

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Up to 40% off fashion accessories

Save up to 40% on selected handbags, purses, watches, jewellery and more. Offer valid while stocks last. Shop now!

Save up to R2000 on top electronics

Get every day mind bowing savings on top electronics. Offer valid while stocks last. Shop now!

As seen on TV - New book releases at only R199 each

Get mind blowing book savings on new titles. Offer valid while stocks last. Shop now!

Save up to 50% on Women’s month treats!

Celebrate the awesome women in your life with awesome treats like beauty products, fashion accessories, bestselling books, electronics and more. Offer valid while stocks last. Shop now!

Up to 60% off - clearance sale!

Save up to 60% on appliances, books, electronics, toys, movies and more. Offer valid while stocks last. Shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

The spotlight may be on you and you need to perform. This can be overwhelming and you need to stay as focussed and centred as you...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.