A Fully Stocked Shop Without A Door.

Why E-commerce Businesses Need To Secure Website

9/28/20232 min read

Why E-commerce Businesses Need To Secure Website
Why E-commerce Businesses Need To Secure Website

Are you aware that a lot of small businesses are putting their business and customers at risk by neglecting basic security measures?

How would you evaluate such a business owner?

Is it wisdom or is it folly? It's like gathering treasures only to expose them to opportunistic robbers.

Imagine a shop without even a lock on the door, where goods are laid bare for anyone to take without consequence. Shockingly, in 2018, 32.4% of such businesses fell victim to theft. Yet, many persist in this risky behavior, exposing their loyal customers to financial jeopardy.

How, you ask. These customers provide online retailers access to their personal data. When a store lacks adequate protection, not only are the items at risk but also the private information of these devoted customers. Smart thieves steal both, leaving customers open to exploitation.

As an online business owner, it is very important to secure both your online business and your customers' data and ensure the following security measures are put in place.

1. Payment Card Industry Data Security (PCI DSS) Compliance : To protect the data of cardholders, e-commerce companies must adhere to PCI DSS. To achieve these compliance obligations, they could look for assistance.

2. Secure Payment Processing : Encryption and tokenization of payment data are just two examples of the services available to assure the security of online payment transactions.

3. Website Security Testing : The need to conduct vulnerability analyses and penetration tests on the e-commerce website and applications to find and fix security flaws.

4. Web Application Firewall (WAF) : Putting in place and maintaining a WAF to guard against web-based threats like SQL injection and cross-site scripting (XSS).

5. DDoS Mitigation : Defending against assaults called Distributed Denial of Service (DDoS) that can take down websites for online shopping.

6. Secure E-commerce Platform Selection : Direction on selecting and configuring safe e-commerce platforms and plugins.

7. Data Encryption : Putting encryption technologies (like SSL/TLS) into practice to protect data while it is being transmitted.

8. Secure Login and Authentication : Alternatives to improve user authentication and safeguard against illegal access to client accounts.

9. Malware and Malicious Code Scanning : To identify and eliminate risks from the website, regular malware and malicious code scanning is required.

10. E-commerce Fraud Prevention : Tools and services for spotting and stopping fraudulent transactions.

11. Incident Response Planning : To lessen the effects of security breaches and data leaks, incident response strategies are being developed.

12. User Training and Awareness : Employee education on cybersecurity best practices, with a focus on social engineering and phishing scams.

13. Regular Security Updates and Patch Management : Ensuring the most recent security updates are installed on all e-commerce platforms and software.

14. Data Backup and Recovery : Customers' data and website content should be regularly backed up to make recovery easier in the event of data loss or ransomware attacks.

15. Secure Hosting Services : Selecting reliable and trustworthy hosting companies that place a high priority on security measures.

16. Monitoring and Threat Detection : Continuous examination of website traffic and system activity for indications of shady behavior or security breaches.

17. Privacy and Data Protection : Respect for privacy rules and data protection laws, such as GDPR.

18. Third -party Vendor Risk Assessment : Assessing any potential security issues with third-party plugins and services.

19. Secure API Integration : Ensuring that the application programming interfaces (APIs) used in e-commerce are protected and integrated securely.

20. Cyber Insurance Guidance : To reduce the financial risks connected with cyber incidents, information on cyber insurance policies and coverage choices is provided.

These are what E-commerce businesses need to protect their business and their customers' sensitive information and maintain their reputation

Need help with these security measures, feel free to reach out to us below.