Abstract
Internet Transactions is growing at a rapid rate and has broken the territorial and geographical barriers that characterized traditional commerce. Despite the great potentials of internet transactions, security issues in Nigeria constitute a major challenge to its growth. More people could have embraced it but are constrained by security concerns, such as their personal and credit card information being intercepted by unauthorized persons (hackers). In this paper, the use of crypto-analysis techniques for securing internet transactions and applications was considered, and symmetric encryption technique was recommended to combine with other techniques, such as client-side software, data transaction protocols, web server software, and the network server operating system involved in handling e-commerce, for securing internet transaction. This recommendation will invariable ensure that internet transaction is secured.
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