There is a remarkable scope for more streamlined living through an increase of e-platforms specially ecommerce, but this coincides with an increase in security concerns since the global market place is virtual and anonymous. Therefore, users have to blindly trust the online providers. In order to overcome this physiological barrier the eplatforms should ensure utmost security. If not the ecommerce industry is unableto perform in the market effectively. Thereby arises the need to perform a systematic review of security issues in the e-commerce industry and to discover how different frameworks address these problems. This paper aims to identifythe main security problems faced by both customers and vendors when interacting with ecommerce platforms and to evaluate general security management frameworks based on the main security areas identified.