Tuesday, July 16, 2024

The State Of Security In E-Commerce to Improve Online Transactions

While growth in eCommerce has improved online transactions, it has attracted the attention of the bad players in equal measures. eCommerce cybercrime reports reveal that the industry is among the most vulnerable ones when it comes to cybercrimes.

Attacks have contributed to significant losses in financials, market shares, and reputation. Almost 60% of small eCommerce stores that experience cybercrimes don’t survive more than six months.

Therefore, it is very crucial to put in place water-tight security measures and hire a robust team. It will ensure you run your business without worrying about closing down due to cybercriminals.

Prophaze Technologies is a one-stop-shop for contributing to your organization’s data integrity needs and saving them from data breaches. Prophaze is built on Kubernetes, which means it has the robustness to scale up and down according to the IT system of the enterprise. It has the ability to combat attacks like SQL injection, cross-site scripting (XSS), cross-site request forgery (CSRF).  

Most Common Ecommerce Security Threats

1. Lack of trust Businesses that run eCommerce operations experiences several security risks, such as:

  • Malicious websites– hackers can easily create fake versions of legitimate websites without incurring any costs. Therefore, the affected company may suffer severe damage to its reputation and valuations.
  • Infected alterations – some fraudsters change the content of a website. Their goal is usually to either divert traffic to a competing website or destroy the affected company’s reputation.
  • Client’s data theft– The eCommerce industry is full of cases where criminals have stolen the information about inventory data, personal information of customers, such as addresses and credit card details.
  • Vandalizing the computer network– attackers may damage a company’s online store using worm or viruses attacks.
  • DDoS Attacks– some hackers prevent legit users from using the online store, causing a reduction in its functioning.
  • Access to Confidential data– attackers can get intellectual property and steal, destroy, or change it to suit their malicious goals.

2. Viruses and other Social Engineering Attacks

There are many threats evolving with technology advancements and creating issues to These issues cause losses in finances, market shares, and reputations. Additionally, the clients may open criminal charges against the company.

Hackers can use worms, viruses, Trojan horses, and other malicious programs to infect computers and computers in many different ways. Worms and viruses invade the systems, multiply, and spread. Some hackers may hide Trojan horses in fake software, and start infections once the users download the software. These fraudulent programs may:

  • hijack the systems of computers
  • erase all data
  • block data access
  • forward malicious links to clients and other computers in the network.

3. Complexity in Online Transactions

Online buyers face uncertainty and complexity during critical transaction activities. Such activities include payment, dispute resolution, and delivery. During those points, they are likely to fall into the hands of fraudsters.

Businesses have improved their transparency levels, such as clearly stating the point of contact when a problem occurs. However, such measures often fail to disclose fully the collection and usage of personal data.

Prophaze cloud-native security is built up with ML and AI-based security platform that helps to automate the security process and filter traffic according to your organization’s security needs.

Why ECommerce Security Should Be a Priority?

Security issues in eCommerce are not something online businesses can neglect. In fact, it should be a priority for most online stores so their customers are able to enjoy a smooth and safe shopping experience. The better your security protocols are, the better your brand will uphold its reputation and earn the trust of the customers.

Ecommerce Security Solutions

Ecommerce stores with ideal security have some features in common. They don’t economize on robust hardware. Rather go for an automated software solution. Let’s further breakdown these features so that you do not have to face any security issues in eCommerce.

1. Use HTTPS

Using outdated HTTP protocols makes you vulnerable to attacks. Switching to HTTPS is highly recommended which displays the trustee green lock sign that says “secured” next to the URL bar on your customer’s computer. HTTPS protocols not only protect the sensitive information users submit but their user data as well.

2. Use Firewalls

Another effective ecommerce recommendation is to use firewall software and plugins that are pocket-friendly yet effective. Prophze solution keeps untrusted networks at bay and regulates traffic that enters and leaves your site. It offers selective permeability and only allows trusted traffic in. They also protect against cyber threats such as SQL injections and cross-site scripting.

3. Use an SSL Certificate to secure your API

Secure sockets layer (SSL) certificates are files that link a key to transactions on different paths on a network. These certificates are associated with credit card details and transactions to regular queries. SSL certificates encrypt data to protect it from interception between different destinations.

The information you send from your end to the server is secure. Give these approaches due consideration because some organizations might consider them a hassle and might just leave the website altogether. Do ensure that you aren’t making jump through unnecessary hoops. Prophaze security is here to help with all your security needs and requirements.

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Guru baran
Guru baranhttps://gbhackers.com
Gurubaran is a co-founder of Cyber Security News and GBHackers On Security. He has 10+ years of experience as a Security Consultant, Editor, and Analyst in cybersecurity, technology, and communications.

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