Due to its ease and convenience, online shopping is a crowd favorite. Despite being well-liked for a while, the COVID-19 pandemic caused its popularity to skyrocket. The movement restrictions forced people who typically preferred in-store shopping to make their purchases online.
Consumer preferences for online shopping became more prominent as a result of the pandemic even after the movement restrictions were lifted.
As more people shop online, there are worries about their security because this medium is vulnerable to dangers. A recent study predicts that global e-commerce fraud will increase by 18% between 2020 and 2021. According to the research, cyber fraud is growing as more people use e-commerce. This underlines the importance of protecting yourself when shopping online to avoid becoming a victim.
6 Ecommerce Security Issues
Building a comprehensive website is great, but without adequate security, the data of your customers may be exposed to hackers.
To help you make sure you’re doing everything you can to keep your online environment secure, there are rules and best practices to adhere to.
But first, let’s examine the biggest e-commerce security problems:
On websites for online shopping, malicious hackers use malware to access users’ data.
Website hacking and malware are dangerous. Malware poses a serious risk to your company and website.
The owner of the website will suffer some loss as a result of hackers using malware to steal user information from the client’s side or redirect users through affiliate links.
The risk of having their websites hacked and this cutting-edge e-commerce security issue should be known to every online retailer.
2. Data Encryption
One of the fundamental security procedures for web applications is data encryption. You anticipate that when you enter sensitive information like your credit card number on a website, the web application will properly encrypt the data. However, it isn’t always the case.
On some websites, data is not encrypted. They are susceptible to attacks because they use HTTP and SSL protocols that are out-of-date. Any website whose URL begins with HTTP rather than HTTPS is not secure; this is a warning sign. To alert users, Google has already started flagging such websites as insecure.
While online browsing, you’ve probably seen those intrusive ads appear on your screen. They are referred to as adware, or advertising-supported software, and they bring in money for their owner(s).
Adware is typically legal and presents products with substantial discounts. But nowadays, cybercriminals use it to start attacks. Adware might be malware-encrypted to entice you to nefarious websites. They will ask for your personal information when you visit the website, including your credit card information.
4. Data Breaches
Certain employees may use unauthorized access for illegal activities like reading emails, erasing data, and destroying or stealing information.
Unauthorized employees may make an unauthorized purchase on the company’s behalf if they have access to private documents and personal accounts.
It also demonstrates that the high risk connected to this e-commerce security issue is typically a monetary loss.
5. Third party vendor issues
Businesses run the risk of being hacked by storing payment information with a third-party vendor. Hackers may access accounts or websites operated by third parties.
Through the portal of one or more third parties, they will be given access to a website.
For instance, if a hacker gains access to your e-commerce site’s ad-serving service, they can now view all of your site’s ads, stats pages, and cookie store.
6. Credit card skimming
Credit card skimming is a serious security risk for online retailers because it can compromise customers’ and companies’ sensitive financial information.
Anyone who has ever given a total stranger their credit card is aware of how simple it is for a shop employee to copy their personal data.
As a result, fraudulent hackers are able to steal credit card information from online payment systems and even from ATMs by stealing the receipts that customers leave behind.
How to Protect Your Ecommerce Website from Security Threats
A crucial element of the online shopping experience is e-commerce security.
Adequate security measures are frequently given low priority and relegated to the bottom of to-do lists for many businesses.
However, if you are aware of these problems, you can take the necessary precautions to make sure you are not a target of the most recent scams.
Following are some tips to prevent e-commerce security issues if you are considering setting up an online store or e-commerce website:
1. Use latest web browser
Hackers may gain access to your e-commerce website if you’re using an outdated browser. Therefore, whenever a new version is released, update your web browser.
It’s possible to instantly check for updates on many free online services. Keep in mind to update your browser frequently because doing so puts your safety in jeopardy.
The most recent version will include all of the most recent security updates that can fend off online attacks.
2. Don’t forget to logout after shopping
You can never be completely certain that someone isn’t keeping an eye on your browser’s cookies and trying to access your account.
Phishing attacks to steal customers’ credit card numbers and other personal information like passwords have increased.
The same topic has been discussed across a number of online forums, so we must go one step further to ensure that hackers are not using our login information.
3. Make sure your site has SSL
Any website that processes transactions, including e-commerce sites, must use an SSL certificate.
SSL monitoring verifies the validity of the Secure Socket Layer (SSL) certificate, which creates an encrypted connection between the user and your server.
The data on your server and the data transferred from the server to the client are both encrypted by the SSL security.
This prevents hackers from stealing your customer’s private information, including their address and credit card number.
Unauthorized parties cannot access data that is encrypted and in motion, such as during email or instant messaging.
4. Avoid public Wi-Fi
It is dangerous to use public WiFi because most hackers use it to access confidential and personal information. You become more open to having sensitive information like usernames, passwords, and credit card numbers stolen.
To keep your information secure when transacting online, it is best to use your mobile data or a personal Wi-Fi network.
5. Implement Script Blockers
Installing a script blocker on your browser prevents you from falling victim to hackers who take advantage of vicious scripts to exploit users.
That’s it. It is few tips from us to about security issues on your ecommerce website and we believe that you can beware with security threats on your site. Whenever you shopping online, you also need to watch above tips.
If you have other tips, please let us know. Thank you