Answered: Your Most Important Questions About Treats Related To E-commerce
There are specific steps that merchants can take for the protection of their e-stores from threats to e-commerce. But first of all, they need to understand how data breaches occur. Internet experts describe several stages which happen during these violations.
Internet experts predict that online commerce will keep growing more rapidly than retail sector in the whole. That is why fraudulent transactions and other threats related to e-commerce will grow along with increasing sales. Credit card companies conduct webinars for e-retailers and explain the security threats in e-commerce. They pay attention to the threats related to e-commerce (including data breach), describing how to prevent them and discussing measures that can be taken by online vendors if fraudsters compromise their sites.
There are specific steps that merchants can take for the protection of their e-stores from threats to e-commerce. But first of all, they need to understand how data breaches occur. Internet experts describe several stages which happen during these violations. The first point connected with the threats related to e-commerce involves an entry (when the hacker accesses the data). Intruders may use different methods when they plan threats related to e-commerce. They may include some individual scripts used to search for site vulnerabilities. Such spots may contain archives and files with source codes. Cybercriminals who initiate threats related to e-commerce also search for files that contain encryption key(s). Also, they target spots where they can find credit card info. Threats related to e-commerce also include credit card thefts. Then the hackers try to monetize the results of their theft.
Cybercriminals utilize various types of malicious software to locate and extract the client’s info. It is not easy to detect such kind of software that pose many threats related to e-commerce. Cybercriminals hack the data, and it is challenging to catch them as they stay unnoticed before the attacks and afterward. They strive to give the malicious software legit names fooling the users who think the software is OK to use. Moreover, cybercriminals get the data encrypted to prevent the possibility of detecting it and delete any indications of the damaging activities.
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Intrusion phase happens quickly. However, monetization may take some time. Hackers who organize threats related to e-commerce tend to resell the stolen card information. Fraudulent behaviors bring the attackers who initiate threats to e-commerce huge profits. Each piece of payment data is sold on a black market for twenty to fifty dollars. Threats related to e-commerce may occur in one country, and the data gets sold to a different country (or countries) to obtain more significant profits. The criminals may use stolen credit cards to withdraw cash, buy gift cards or expensive products.
Online vendors must be on the look for threats related to e-commerce and safeguard their networks from cyber criminals. Experts on online security reveal several methods that are helping prevent security threats in e-commerce including attacks at e-stores. One of them is to follow client behaviors to see the tendencies and trends. It is also possible to prevent many threats related to e-commerce by the deployment of two-step authentication. Merchants may also do other steps of prevention (such as not enabling autocomplete for forms). Additionally, encryption/decryption of all sensitive info according to regulations may help to prevent many threats related to e-commerce. Other methods (for example, the introduction of tokens, logs, prohibition of passwords share) can help defend vendors from threats to e-commerce.
Most of the times, online vendors start deployment of procedures aimed against threats related to e-commerce after the attack instances. Security threats in e-commerce (especially data breach) happen too often, so the primary goals are the prevention of theft of personal info (including financial data). Companies, large and small, that plan trading online are obligated to comply with the data security standards and regulations to protect their shoppers.
Experts have some suggestions regarding the steps that the merchants can follow if they fall the victims to threats related to e-commerce. One of the first actions is informing the government bodies legally responsible for enforcing online security laws and regulations and all other organizations involved. They are banks, police and other agencies. The account that was affected by threats related to e-commerce needs to be reported to credit card brand along with evidence of the account breach. It can facilitate the investigative actions and can successfully resolve the issues caused by the threats related to e-commerce.
You may wonder if any investigation needed following the breach instance. If the threats related to e-commerce involving data breach happens in certain situations, it is mandatory to investigate the cases. If you take such issue as a data breach, it is a type of threat that contributes just to one-third of all threats related to e-commerce.
Let’s summarize the info on some tips on prevention of threats related to e-commerce. Utilization of SSL certificate is one of them. It helps establish security of communicating between parties (usually the client and the e-store). Another thing is to showcase that the site is PCI compliant. It gives additional reasons to your clients to trust your web store. It can also help the merchants guaranteeing the clients that the transactions are secured, and they can utilize the site without encountering any threats related to e-commerce.
One of the significant cyber threats related to e-commerce happens when the shopper mistakenly clicks the malware that takes him to some fraudulent sites. Often this malware helps establish a remote connection to the shopper’s computer and starts corrupting, damaging or stealing the crucial info. So merchants need to acquire and install protection from such threats (called DDos attacks).
The other thing that helps online security is a strong password. The passwords containing a lot of different letters and numbers can be not easy for cybercriminals to decipher and can significantly help prevent threats related to e-commerce.
Online merchants need to engage the system helping to verify addresses and cards. It is always good to put extra layers of security to any processes on the e-store. They may help avoid many security threats in e-commerce.
There are many options to install alerting systems warning about any suspicious behaviors. They will issue notifications for un-trusted activities. It helps security specialists in acting quickly to eliminate the threats to e-commerce.
Except for the security threats in e-commerce and tips for their prevention, any online merchants can benefit from the integration of software that would monitor the e-store and if any vulnerable spots appear, try fixing them instantaneously. They need to be regularly used to ensure online information security.
If you are interested in more comprehensive info on e-commerce security, please read our previous articles.