Encryption is a process that converts information into an encoded format, called ciphertext, which cannot be easily understood by unauthorized parties. There are different types of encryption, including symmetric encryption which uses a single key and asymmetric encryption which uses a public/private key pair. Proper encryption helps ensure the confidentiality, integrity, and authenticity of data in electronic commerce and online transactions. Some common threats to e-commerce include credit card fraud, hacking, and security breaches which can compromise personal or financial data. Using digital signatures and certificates can help verify the identity of parties involved in online transactions and protect against threats like spoofing or tampering with data.
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