Regrettably, ecommerce websites are appealing targets for hackers because they process payments and gather personal information.
In recent years, many high-profile data breaches have existed, and one report even attributed malicious purposes to 29% of e-commerce website traffic.
Ecommerce website security is undoubtedly a primary concern for each platform and organization.
A breach can irreparably harm a company’s standing and erode client confidence. Customers expect the company to assume responsibility for security. The frequency of new e-commerce security threats is growing, and cybercrimes are becoming more prevalent.
Security is not a desirable option; it is a major requirement.
So, here in this blog, we will go through the major concerns related to cybersecurity in e-commerce, from its importance and types to the best methods to avoid and compliance to follow for e-commerce website security.
Before we start, let’s get familiar with us. Creatix9 is a leading digital agency in the American world known for its logo, app, and website design, including e-commerce, WordPress, etc.
Have a free session with us for your ecommerce website development project.
Now, let’s continue.
What makes e-commerce website Security a must factor?
Ecommerce platforms are recipients and repositories of significant volumes of online transactions and consumer data, which malicious actors discover specifically valuable.
According to the 2020 Trustwave Global Security Report, retail was the most susceptible to cyber-attacks. This struggle is perpetually evolving due to the development of new and more sophisticated attack methods.
As per Statista, in 2021, the international market for spotting and stopping e-commerce fraud was appreciated at around $36.7 billion. Guesses point out a stable rise in the next years, with forecasts beating $100 billion by 2027.
The company is responsible for guaranteeing the safety and security of either the website or its customers. Effective security protocols result from sound security practices.
Major Ecommerce Cyber Security Threats
Despite the proliferation of new techniques, the following continue to be the most common techniques employed by hackers to compromise ecommerce platforms:
Phishing attempts to infect
Phishing entails deceitful intent. Athletes obtain sensitive data about a target to deceive someone into divulging crucial data, such as social security numbers or bank account information.
Ransomware and malware attacks
Such attacks can take you back to the days of dial-up modems. Malware can cause significant harm to systems, while ransomware can lock users out unless they pay a ransom, and even then, there is no assurance that access will be restored.
Injection of SQL
An adversary may gain the ability to view or modify data if they inject a malicious query into the database containing sensitive information.
XSS (cross-site scripting)
XSS entails the insertion of malicious code into a website, most commonly via JavaScript. While the site may not be affected, clients or guests may be impacted.
Electronic skimming
E-skimming entails stealing sensitive payment data, such as credit card numbers, from online consumers. Typically, this is accomplished by injecting malicious code into point-of-sale (POS) systems or ecommerce websites to steal credit card data as consumers make purchases.
DDoS (distributed denial of service attacks)
A DDoS attack is when a website gets flooded with too much traffic from lots of different devices, which makes it impossible for regular users to access the site.
Armed force strategies
Hackers use brute-force attacks, trying to guess a user’s login password by methodically attempting each possible mixture until the accurate one is discovered.
While this technique requires a lot of computational power and is time-consuming, it may prove effective if the user has a weak or easy password.
Prefer a third-party contract and make an appointment with us to let a Creatix9 team go on a mission for a secure ecommerce website development that no one can ever hack.
Internal Ecommerce Safety Perils to Look Out For
Not each security threat originates externally. Many internal hazards exist, many of which are unintentional, and e-commerce organizations must remain vigilant.
Employee carelessness
Many cybersecurity attacks are prosperous due to easy human error, which is regrettable. This transpires when personnel neglect to adhere to established security protocols and policies, appealing in actions like disclosing sensitive data to unauthorized parties, clicking on dubious links or attachments, or utilizing feeble passwords.
Labor force sabotage
On the contrasting extreme of the negligence spectrum lies intentional sabotage. Although absolute assurance cannot stop dissatisfied employees, you can reduce harm by limiting access to sensitive data, enforcing robust password standards, and performing routine access reviews.
External insiders
This extends employee sabotage to entities affiliated with your organization. Customers, vendors, or contractors who are compromised may subsequently introduce infected software into your systems.
Real-life Instances of Data Breaches at Large Enterprise Firms
Data breaches affect more than resource-constrained small enterprises. Even the most recognizable brands in the world have been adversely affected.
Adidas
In the past, multinational shoe corporations have been severely impacted. 2018 marked an event on the company’s website in the United States where client contact data was compromised.
Mercari
Mercari is a Japanese e-commerce organization that manages an internet-based marketplace. The company disclosed a significant data compromise that occurred in 2021.
Target
Target’s e-commerce platform was compromised in one of recorded history’s most significant data intrusions. A cyber-attack that targeted millions of consumers 2013 capitalized on weaknesses in the company’s payment gateway to steal sensitive payment data, combining CVV codes, credit and debit card numbers, and expiration dates.
As a great lesson leader from them, we are now well aware of how to have a vital ecommerce website development project that never allows these hackers to enter.
Our qualified programmers, who have experience dealing with these issues, always keep our clients from building an e-commerce platform that offers strong security features.
Creatix9 builds an e-commerce website that always rocks in a digital world of hackers, spam, and skimming. A 200% protected e-commerce site is what we assure you.
Guide to Ecommerce Website Security Best Methods
Because of security concerns, online enterprises never need to make headlines. Adhering to these recommended instructions will considerably diminish the probability of possible security concerns.
Developing a password policy for an organization
Establish a minimum password complexity of eight characters, comprising a mixture of lowercase and uppercase letters, numerals, and symbols. This ought to be a requirement for either staff members or clientele.
Strict access to sensitive information
Sensitive data access should have restrictions for users and systems that need it. Minimal access sites are preferable.
Audit security vulnerabilities regularly and carry out penetration tests
To protect yourself from algorithms and hackers, you must adopt their mindset. You should perform routine attack simulations and make real-time attempts to compromise your systems. This will detect vulnerabilities before others can exploit them.
Develop a security strategy for third-party integrations and plugin installations
Do a full evaluation of your techn infrastructure’s third-party systems and confirm their current status. Ascertain that the security of each system meets your personal security requirements.
Ensure conformity to PCI-DSS compliance requirements
Any entity that accepts credit or debit card transactions must adhere to a set of security requirements known as the Payment Card Industry Data Security Standard (PCI-DSS). Compliance with PCI is required, so you must stay informed of any modifications to the standards.
Opt for an encrypted e-commerce platform
It would help if you guaranteed that each aspect of your store could handle the particular needs of ecommerce. Your entire technology infrastructure must adhere to stringent security protocols, including payments, data storage, and logistics.
Implement an SSL certificate
Secure Sockets Layer (SSL) certificates establish a secure, encrypted linkage between web servers and browsers; they are becoming more common in e-commerce.
Encryption keeps any information sent between the server and the browser private and secure, so nobody can eavesdrop or change it. An SSL certificate also confirms that the website is who it claims to be, adding an extra layer of trust and security.
A two-factor authentication system
Everyone is accustomed to getting a code from a text message to access a system. Two-factor authentication is now much more prevalent, providing a powerful layer of security by requiring an extra step to confirm identities and operations.
Software ought to be kept up-to-date
The patches and updates that are likely to be applied to the software in your technology infrastructure will probably likely integrate security enhancements. Ensure that all major software updates are applied.
Provide contractors and employees with training on proper dos and don’ts
Social engineering is a common occurrence, and the company must educate and train its employees on preventative measures. Organizations routinely subject employees to simulated emails to determine their susceptibility to phishing attacks.
Construct an event response strategy
Despite their great efforts to prevent all assaults, entrepreneurs must consistently be ready for unforeseen circumstances. In case of a breach, it’s crucial to have a comprehensive response plan that covers verifying identity, reducing damage, and well-communication.
Compliance with e-commerce website Security
There are legal and sector standards that every e-commerce company must adhere to. Although nothing can guarantee a protected platform, following these standards does help secure client data.
PCI-DSS – Payment Card Industry Data Security Standard
Credit card transaction processors must comply with PCI-DSS standards, which safeguard credit card data from storage to purchasing.
GDPR – General Data Protection Regulation
The GDPR to safeguard the personal data of all EU citizens. This also applies to firms out of the EU zone that do business with European clients.
CCPA – California Consumer Privacy Act
Like the GDPR, the California Consumer Privacy Act is unique to California. It is currently the most stringent criterion in the United States.
Consult us to make sure the achievement of your e-commerce website struggle. Creatix9 can be your lucky choice for secure ecommerce website development. Call us now.
Summary
Security is essential for e-commerce enterprises to remain operational and preserve client confidence.
By delivering personal data voluntarily, individuals trust ecommerce companies to oversee and safeguard that data.
The online store must implement strict security measures, including a Web Application Firewall (WAF), a Content Delivery Network (CDN), and client credit card data security.
These issues occurred after the e-commerce website’s development undertaking. But you know things can be different when you build a website from an expensive in-house team or outsource it to a reputable firm.
Our team will test these security concerns and then deliver a website to clients to build a long-term relationship with them that no hackers can break. So contact us anytime.
Also, we are branding gurus from ecommerce logo design to its marketing; we do that also.