Describe SET Protocols with its working

SET, or Secure Electronic Transaction, protocols are a set of standards developed to ensure the security of electronic transactions, particularly those conducted over the internet. These protocols were established to address concerns about the security of online payment transactions, including the protection of sensitive information such as credit card numbers and personal data. SET protocols incorporate various cryptographic techniques to ensure the confidentiality, integrity, and authentication of transactions between parties involved in electronic commerce. Below, we'll delve into the workings of SET protocols in detail.

1. Background:
   - The need for secure electronic transactions emerged with the rise of e-commerce. Traditional methods of payment, such as cash and checks, were not suitable for online transactions due to the inherent vulnerabilities in transmitting sensitive financial information over the internet.
   - SET protocols were developed collaboratively by major players in the financial and technology industries, including MasterCard, Visa, Microsoft, IBM, and others. The goal was to create a standard framework for secure online transactions that would be widely adopted across different platforms and systems.

2. Components of SET Protocols:
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