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Which of the following is a communications protocol standard for securing credit card transactions over networks?
  • a)
    SET
  • b)
    Firewall
  • c)
    Encryption
  • d)
    Proxy
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Which of the following is a communications protocol standard for secu...
A secure electronic transaction (SET) is a set of security protocols and formats that enables users to employ the existing credit card payment infrastructure on an open network in a secure fashion.
To use SET protocol, it is assumed that
Each party involved in e-commerce transactions has a public and private key. A public key encryption is used.
All parties have their public keys certified.
A standard hashing algorithm is used to create message digest for signature verification.
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Which of the following is a communications protocol standard for securing credit card transactions over networks?a)SETb)Firewallc)Encryptiond)ProxyCorrect answer is option 'A'. Can you explain this answer?
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