Question

Which of the following statements is false? People tend to shortcut security procedures because the procedures are inconvenient. The cost of preventing computer crimes can be very high. It is easy to assess the value of a hypothetical attack. Credit card companies usually block stolen credit cards rather than prosecute. The online commerce industry isn’t willing to install safeguards on credit card transactions.

Answer 1

Answer:

E. The online commerce industry isn’t willing to install safeguards on credit card transactions.

Explanation:

With the advent of several online platforms for commercial transactions and with the risk associated withe these transactions, the online commerce industry avails themselves to measures that could curb fraudulent activities. One of such means used in preventing fraud is the use of a high quality payment processor which enables an efficient payment and the verification of the customer's details before transaction.

They also employ the act of storing data so as to avoid requesting too much data from the customers. The use of Secure Sockets Layer, a cryptographic means for digital security is also used by these online sites. Several other measures are employed by businesses to ensure safety during transactions.