Each day we hear that e-commerce website is either hacked or prone to some other cyber-attacks in the news story. You might also wonder, what if your e-commerce website is also attacked. Is your business website cyber-attack proof?
There are many levels of cyber-attacks that the website can undergo. Cyber security threats like spam, Phishing, hacks, DDoS attacks, and many more have been the latest online fraud generating scenarios in the e-commerce industry.
What is e-commerce Security?
In simple terms, e-commerce security is the basic cyber security of your website that provides a safe environment to your visitors and also for the customers. Especially during the time of checkout, they feel that the online payment details are kept secure.
It should give the freedom to sell and buy the online stuff without any sense of fear of being followed or hacked at any point in time. It has become essential to increase cyber security awareness and start working towards it in recent years.
Why is e-commerce Security So Important?
Who wants to be hacked or out into some odd situations especially when it comes to online transactions? Providing online e-commerce security is critical for many reasons like providing privacy, safeguarding finance information online.
E-commerce website security protects you from financial fraud, identity fraud, protecting the reputation of your business, and also the brand you endorse in your business.
When you fail to provide and fulfil the above mentioned online customers’ privileges, your website business will be at risk and so is your business. No one enjoys payment frauds, scams, data hacks, identity frauds, and many other such frauds. In some states, you would have to pay a huge fine for allowing such breaches to occur. In the worse case scenario, you may even need to file for bankruptcy due to the overwhelming debts piling at your end. Do consult a reliable lawyer such as bankruptcy attorney Charles Kania, who will provide you professional advice on how to reduce your financial debts.
With the right security measures, you have to gain the trust and confidence of the customers. Once they feel and believe that your website truly works best for keeping all the customer details secret and safe, and then you will earn many permanent customers. Well, one of the reliable primary security sources you can get is SSL certificate for data safety.
There are many types of SSL certificates in SSL industry and it depends upon the type you choose as per your website’s requirement. For example, a cheap wildcard SSL certificate is a simple solution for the e-commerce businesses that would like to have unlimited subdomains with a single certificate. This way you can also save hard earned money.
For example, if you have a wildcard SSL certificate for *.mywishdomain.com which is the main domain, so you can secure other subdomains like:
Besides SSL certificate, we will walk through some of the best-rated e-commerce security tips that protect your website from everyday threats and dangers.
E-commerce Security Solutions to Protect Your Website:
In addition to using the most secure e-commerce platform available to protect both your online store and its customers, however, there are several solutions available to protect your business and also customers safe online. Here are a few tips to keep in mind for better functionality.
Consistent e-commerce Software Updates
Consistently is the new mantra. Always keep checking for the new and latest updates that help your website’s software updated. Keeping up to date the software reduces the vulnerabilities to cybercriminals.
This is the most simple and effective step towards website protection. All the e-commerce websites should ask for the CVV number going further for transactions online. Card Verification Value (CVV) is the 3 or 4 digit code found on the back of credit cards. Cybercriminals may have the stolen credit cards but when they fail to provide CVV numbers then the transaction is not completed and done.
However, you can switch your website to HTTPS anytime without difficulty. HTTPS can protect sensitive information and rectify any frauds using an extra secured layer. Switching to HTTPS protocol from HTTP is one of the basic steps to secure your online website. HTTPS will keep all the user details secret and it is impossible to invade a website with HTTPS.
Address Verification System
The Address verification system is ensuring that the billing address that the customer gives at the time of the filling the sign-up form does not match any of the fake credit cardholders. This way you can easily differentiate between the legitimate and fraud transactions.
Secure Admin Panels and Servers
Always change the default passwords that come with the admin panels set and server settings. You need to change to a complex and unique password on your website. To make your website more secure, avoid using the default passwords from the e-commerce platforms. Always makes sure that the unknown IP attempts will be reported immediately to the cyber security team.
Payment Gateway Security
Payment gateway security is essential and the foremost website online security business. The first step towards this is to obtain a Payment Card Industry Data Security Standard (PCI DSS) accreditation. However, avoid storing the credit card information of your customers on your server. Moreover, using third-party payment processing gateways like PayPal, Skrill, and others also helps in minimizing risk to you.
Back-Up Data Frequently
Make sure the data is backed up properly on a timely basis. Suppose if your website is hacked by the scammers, as you already have saved the details it will be easy to back up your critical data often and can restore your website soon.
Antivirus and Anti-Malware Software
An antivirus or anti-malware software helps you with this common website issue. Criminals use the latest algorithms to insert any malicious transactions and use criminal techniques to show it is legitimate. You cannot differentiate between fraud and original transaction, so better be precautious and install the anti-virus and anti-malware software and make sure they are updated regularly.
Another effective security step is installing firewalls. Use firewall plugins and software that are trustworthy that regulates the in and out the traffic of your website. A firewall gives limited accessibility and allows only genuine websites and avoids harmful websites that can inject SQL injections and cross-site mappings. Firewalls allow you to regulate and control the type of traffic that goes in and out of your business online website. With the installation of firewalls on your website, only trustworthy web traffic is allowed. They also keep XSS threats at the exit.
Employ Multi-Layer Security
You can practice website security by using multi-layer security. You can use a CDN to protect your website from intruders and against DDoS attacks from the incoming traffic. They use the latest machine learning techniques to filtrate the malicious content.
You can practice two-factor authentication for an additional layer of protection. It requires a user name and a password and the code is sent to that email or SMS is received when someone is trying to enter your website. So, this clearly states that two-way authentication is a must.
Implement strong, unique passwords:
Most of the are caused due to weak passwords. Strong passwords should be of a minimum of least eight characters, it is best if it has both upper and lower cases as well. Some of the password tips are given below:
- Never share passwords with anyone. Always give unique passwords for login details.
- Do not use the same passwords for a long time. You should keep changing them often, it is a good practice as per the cybersecurity experts.
- Consider using a password manager.
- Never publicly share sensitive information, personal details that you have given for the login credentials.
Train Your Staff
Well, this should the first step towards cybersecurity responsibility. All the staff and employees should be aware of the security laws and policies of the company.
Train the staff regularly and conduct mock website security sessions for better understanding. However, if the employee is no more with your company, make sure all the access to the company or emails should be completely revoked at any cost to avoid further cyber-criminal activities.
Cybersecurity is always a 24/7/365 task no matter what comes in your way. It is an ongoing process and should be practiced regularly. Practicing good cybersecurity steps and continuously monitoring the website, checking while downloading the email attachments, password hygiene, keeping the software and the patches up to date, and staying mindful is the only way to keep going. By following the tips mentioned above will solve most of the issues.