What is Information and Communications Security?
As the name suggests, it means the security of information and communications. Investors engaged in online trading of securities, futures, stock subscriptions, and financial products, managing accounts, and personal investment information. Does the convenience of online execution also take into account the security of information and communication at the same time?
What are the Risks of Online Trading? (Risks of Electronic Trading)
- Electronic transactions such as network transmission or telephone voice are inherently unreliable and unsafe in transmitting data.
- Transmitting data over the Internet involves risks such as interruptions and delays. (Data custody risk)
- Messages sent under someone else’s name.
- The message content is monitored remotely by others.
- The data content is stolen, altered, or damaged by others.
- The recipient denies receiving the message content, and the sender denies sending the message content.
- If the client’s personal password and electronic certificate are lost or stolen, the client shall bear the responsibility.
What is an Electronic Certificate?
A certificate is issued by a legally authorized certification authority to confirm your identity to others. The certificate contains information that can be used to protect data or establish security when connecting to other computers. In response to the security requirements of online transactions, a comprehensive security control mechanism is provided to ensure the confidentiality, identity verification, and non-repudiation of data in online transaction services.
What are the Security Guarantees for Using Electronic Certificates?
- Ensures the security of each electronic transaction for investors.
- Ensures that the content of the order message will not be tampered with.
- Prevents impersonation in placing orders under false names.
- Ensures that the content of the order message will not be revealed.
- In the event of a dispute in the transaction, relevant evidence can be used as the basis for arbitration.
When Should Certificates Be Used?
Certificates should be used when establishing transactions with securities firms and futures firms (e.g., placing orders, canceling orders, subscribing, withdrawing futures trading margins, etc.).