Anonymity And Accountability In Web Based Transactions

Decreased privacy is an unavoidable consequence in the drive to make the world a more secure, safer place, according to some analysts. In the on-line world, the conflict between privacy and security manifests itself in a debate between anonymity and accountability. Balance between Anonymity and Accountability is a major concern in web based transactions. The protection of users’ privacy when performing web-based transactions is an important factor in the acceptance and use of Internet and web services. There is a tremendous improvement in the automation of the way we pay for goods and services by the variety and growth of electronic banking services available to the consumers. Hence there is a need for the ultimate structure of the new electronic transaction system that has a substantial impact on the personal privacy as well as on the nature and extent of criminal use of E- transactions. This paper presents an approach for such structure.