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How to Protect Your ECommerce Business from Cyber Threats

Starting a eCommerce business is difficult, it can be even more difficult to protect it against cyber threats. Here is how to prevent that.

Introduction

With the rise of e-commerce, it has become easier than ever. However, this also means more ways for cybercriminals to target you and your customers. 

If you don’t take steps to secure your website and protect your customer data, then you could lose revenue due to hacks or data breaches. 

This blog post will cover what e-commerce security is, how you can protect your business from cyber-attacks, and some other essential tips on protecting yourself from fraudsters.

What is Ecommerce Security?

Ecommerce security is the process of protecting your eCommerce business from cyber threats. Having a sound eCommerce security strategy is essential because it can help you prevent loss of revenue, customer data, and reputation.

E-commerce security encompasses all aspects of online business and digital transactions, such as fraud detection and prevention, data protection and privacy management, payment processing fraud mitigation, supply chain risk management, and more.

The goal of e-commerce security is to ensure the integrity of your customers’ payment credentials stored in your database so that they cannot be stolen by hackers who may gain access to them in other ways (for example, through phishing).

The Biggest Security Threats to Your Ecommerce Site

Few things can ruin a day, like a computer virus. You must take security seriously, especially if your eCommerce site is online. 

Malicious users will try to access your site, and the best way for them to do that is by stealing information from customers or taking money from them directly. Here are some of the top threats you should watch out for:

Identity theft

Identity theft is one of the biggest threats to eCommerce, and it happens in more ways than you might think. The first thing to understand about identity theft is that it isn’t just about someone stealing your credit card information. It also includes using other personal information like birth dates, social security numbers, and even email addresses to open fraudulent accounts in your name.

Malware

When we talk about malware, we generally refer to any malicious software—a virus, worm, Trojan horse, ransomware, spyware, or adware. 

Users can install malware on computers and other devices or via an infected website. 

Once there, malware can be used to steal information from your customers’ computers or devices and use that information for fraudulent purposes.

Card skimming

Card skimming is copying the details from the magnetic stripe on a payment card or device. Skimming devices are installed on ATMs and POS terminals and can be installed by criminals or employees.

Card skimming is used to steal credit card information, which can then be used to make fraudulent purchases or withdrawals in stores, online, and over the phone. 

Snooping

You’ve heard of it, but what is snooping? Well, it’s when a third-party person or group of people can access your data without authorization.

This can happen in many ways: through continuous scanning (the most common), brute force attacks, or even exploiting security bugs in your software. 

These methods can compromise the information stored on your site and allow an attacker to look at files that shouldn’t be available for public consumption, like usernames and passwords. Here are some examples of how this happens:

● Spammers use automated scripts that scan websites looking for email addresses so they can send out spam emails from those accounts later on. If you see an increase in spammy emails coming from your domain after someone has visited it (or perhaps have never received spam before), you may have been hacked!

● A hacker may try numerous username/password combinations until they find one that works. This could take hours or days depending on how strong the password was chosen initially by whoever created it originally (you!) Suppose someone figures out one of these weak passcodes (which often includes dates). In that case, they will now be able to access everything associated with that account, including any sensitive data stored elsewhere within your site’s database, such as payment details which would allow them access into other sections as well.”

Phishing

Phishing is a type of scam that tries to trick you into giving up your personal information. Phishing emails often contain links to fake websites and ask for your password or credit card information.

Phishing scams are so common that hackers even use them to steal money and data from legitimate businesses.

If you get an email that looks like it comes from a company you know, but the email seems suspicious or plain wrong—don’t click on any links in the message.

Instead, check the company’s website directly (not through links in emails) and contact them through their official channels if needed.

Protect Your Business from Cyber Attacks

● Use strong passwords. Passwords should be at least eight characters long and include letters and numbers.

● Use SSL certificates. Secure Socket Layer (SSL) is a protocol that allows sensitive data to be transmitted securely over the internet by encrypting it. SSL certificates help ensure your site visitors’ information remains private when they share personal details such as their name, email address, and credit card number with you online.

● Choose an e-commerce host that offers security features. Many hosting providers provide additional security features as part of their packages or at extra cost – look for one that suits your needs to take advantage of these safety measures if required! An excellent place to start looking would be here: https://www.webhostingtalkforums.com/showthread…

Use Strong Password Policy

Using a strong password is one of the most important things you can do to protect your business from cybercriminals.

A strong password is complicated for others to guess but easy for you to remember.

Best practices include:

● Using a password manager. Password managers store all your passwords in an encrypted database, making creating and managing unique passwords on different websites easier. 

They also include features like autofill, which saves time daily logging into multiple sites or apps with the same account information.

● Use a strong password that’s at least eight characters long with numbers (as well as letters), or symbols are thrown in there somewhere! For example: “Qwerty12345” would be great since it has both numbers AND letters in its mix (plus some characters). Or try something like “$&

Implement SSL Certificates

When you shop online, you expect to be able to trust the website you are visiting. SSL certificates help ensure that your information is safe from cybercriminals by encrypting data and verifying the identity of both your website and customers.

Data encryption means it’s harder for hackers to access your information (and thus less likely they will try). At the same time, the verification process ensures that they aren’t impersonating legitimate sites or customers.

Select an E-commerce Host that Offers Security Features

The first thing you should do when selecting an e-commerce host is to ensure they offer security features. These include:

PCI compliance. The Payment Card Industry Data Security Standard (PCI DSS) ensures that all companies that process credit card payments are safe from hackers and data breaches.

A secure payment gateway. Some e-commerce hosts have payment gateways, while others use third-party gateways like PayPal or Stripe. Either way, you want to ensure the host’s gateway is secured against cyber threats by offering two-factor authentication (2FA), encryption technology, and other protective measures.

A secure checkout process. This includes using a secure shopping cart platform and ensuring your site uses HTTPS instead of HTTP—a protocol for encrypting communications between computers over a network connection—and strong passwords for all users with administrative privileges on the site (which means no birthdays).

A secure shopping cart platform that can handle large volumes of traffic without slowing down websites or causing errors like server overloads due to too many people trying to access pages at once; this also means having enough bandwidth so customers don’t experience long loading times while browsing through product pages or making purchases on mobile devices like smartphones or tablets.”

Perform Regular Backups of Online Store

Backups are crucial to the survival of your business, and they allow you to recover from data loss, ransomware attacks, and other cyber threats.

Backups should be performed at least once a week, preferably once daily. You should also store backups in different locations to minimize the risk of losing them all at once if one place is attacked or destroyed.

Secure Your Website Against DDoS Attacks

A Distributed Denial of Service (DDoS) attack is a malicious attempt to make an online service unavailable, usually by overwhelming it with traffic from multiple sources. 

A DDoS attack can be executed using compromised devices such as computers or appliances and even infected internet-connected cameras and baby monitors. 

The most common methods in these attacks are flooding the targeted server with requests or sending forged requests for resource records for domain names that do not exist.

An attacker can flood a website with traffic either by using his computer network or by enlisting the help of other people who might be willing to join the attack in exchange for receiving bitcoin payments. 

To prevent any damage, you should use DDoS mitigation services, which will block traffic from suspicious sources, thus preventing your website from going down due to an overload of malicious requests.

Conclusion

There’s no substitute for common sense. The best way to protect your eCommerce business from cyber threats is to stay aware of the latest security developments and implement them in time. 

These steps will help ensure your store stays secure and protected against new threats as they emerge!

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Hi, I’m Crosby Jeffler. This blog will discuss my methods for creating multiple income streams. I generated over $2M of sales in the past two years, and I’ll share how I did it.