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What do you need to know about eCommerce website security?
What is eCommerce Website Security? eCommerce website security refers to a variety of activities and measures that protect your website from threats and keep your online transactions safe. Your online store represents a complex system where multiple components have to interact with each other — your server, web apps, users, and network connection.
What happens if you fail to secure your ecommerce site?
Unfortunately, this steady rise in the ecommerce market also means more exposure to ecommerce security violations. If you fail to perfect your ecommerce security, you become vulnerable to these breaches. They compromise sensitive customer data and you suffer the loss of sales, customers’ trust, and your brand’s reputation.
What are the most common eCommerce security threats?
Common Ecommerce Security Threats & Issues There are quite a few threats you need to protect your online store from. Common examples of security threats include hacking, misuse of personal data, monetary theft, phishing attacks, unprotected provision of services, and credit card frauds.
What are the risks of running an ecommerce business?
Businesses that run eCommerce operations experience several security risks, such as: Counterfeit sites – hackers can easily create fake versions of legitimate websites without incurring any costs. Therefore, the affected company may suffer severe damage to its reputations and valuations.
What to do about ethical issues in eCommerce?
Do your due diligence on platforms like Shopify, Magento, WordPress and Bigcommerce on your available tools to safeguard customer data. Understand how your site is hosted and what security best practices and protocols you should be following.
What happens if a fraudulent order is placed on an ecommerce site?
So without appropriate fraud protection tools, your sensitive customer data is at risk. For every fraudulent order that is successfully placed using your eCommerce site, an online retailer needs to generate eight legitimate sales to recover financially from the chargeback and lost inventory.
What can be a red flag on an ecommerce website?
More than one payment method being utilized from a single IP address. This could be an individual using stolen credit card numbers to submit orders and receive goods that they can sell. Foreign billing or shipping addresses are a red flag. Most software can only verify addresses properly within the US and UK.