—The development of electronic commerce is
characterized with anonymity, uncertainty, lack of control and
potential opportunism. Therefore, the success of electronic
commerce significantly depends on providing security and
privacy for its consumers’ sensitive personal data. Consumers’
lack of acceptance in electronic commerce adoption today is not
merely due to the concern on security and privacy of their
personal data, but also lack of trust and reliability of Web
vendors. Consumers’ trust in online transactions is crucial for the
continuous growth and development of electronic commerce.
Since Business to Consumer (B2C) e-commerce requires the
consumers to engage the technologies, the consumers face a
variety of security risks. This study addressed the role of security,
privacy and risk perceptions of consumers to shop online in order
to establish a consensus among them. The analyses provided
descriptive frequencies for the research variables and for each of
the study’s research constructs. In addition, the analyses were
completed with factor analysis and Pearson correlation
coefficients. The findings suggested that perceived privacy of
online transaction on trust is mediated by perceived security, and
consumers’ trust in online transaction is significantly related with
the trustworthiness of Web vendors. Also, consumers’ trust is
negatively associated with perceived risks in online transactions.
However, there is no significant impact from perceived security
and perceived privacy to trust in online transactions.