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Blockchain Solution For SMEs Cybersecurity Threats In E-Commerce

Firas H. Zawaideh,Waheeb Abu-ulbeh,Salameh Mjlae,Y. El-Ebiary,Yazeed Al Moaiad,Sunanda Das

Published 2023 in 2023 International Conference on Computer Science and Emerging Technologies (CSET)

ABSTRACT

The rapid growth of electronic commerce (e-commerce) has revolutionized the way Small and Medium-sized Enterprises (SMEs) conduct business, enabling them to reach global markets and unlock new growth opportunities. However, this digital transformation has also exposed SMEs to an escalating array of cybersecurity threats that could compromise their data, financial integrity, and reputation. Blockchain technology, known for its decentralized and immutable nature, has emerged as a potential solution to enhance the security and resilience of e-commerce operations for SMEs. This research paper aims to investigate the current state of cybersecurity preparedness among SMEs engaged in e-commerce and identify the prevalent threats they face in the digital landscape. To achieve this goal, the study incorporates systematic literature review (SLR) method to examine the best technological solution to address the cybersecurity issues faced by e-commerce organizations in this paper of SMEs operating in e-commerce to gather data on their security practices, incident history, and perceptions of cybersecurity risks. In the context of this research, blockchain technology will be explored as a potential mechanism to enhance the security of e-commerce operations for SMEs. The inherent features of blockchain, such as decentralization, transparency, and immutability, could help protect sensitive data and thwart cyberattacks. By exploring the integration of blockchain into e-commerce systems, the research aims to shed light on the potential benefits and challenges associated with its adoption by SMEs. The research findings will not only shed light on the prevailing cybersecurity practices within SMEs and highlight their vulnerabilities but will also explore how blockchain technology can be leveraged to address these challenges. By understanding these patterns and exploring the feasibility of blockchain integration, the research aims to provide comprehensive recommendations for enhancing cybersecurity resilience among SMEs in e-commerce. This could include proposing tailored cybersecurity training programs, suggesting cost-effective security solutions leveraging blockchain technology, and advocating for regulatory support to safeguard SMEs from cyberattacks. The significance of this study lies in its potential to contribute to the existing body of knowledge on SMEs' cybersecurity landscape in the e-commerce domain, addressing a critical research gap in understanding and addressing the unique challenges faced by these businesses. As SMEs continue to drive economic growth and job creation in many economies, safeguarding their digital assets and ensuring the integrity of e-commerce transactions become imperative for sustainable economic development in the digital era. The exploration of blockchain technology in this context could pave the way for more secure and resilient e-commerce ecosystems, benefiting SMEs and the broader digital economy alike.

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