E-commerce websites have revolutionized the business world, creating news ways in which companies can exchange products and services, as well as how consumers purchase and trade goods, from retailers to auction sites. Thanks to the rise of technology and transport logistics, businesses and customers can easily buy items from around the globe, but this freedom also carries a price.
With the ability to reach millions of consumers worldwide comes the potential for online security threats. Therefore, in order to protect your business, it is essential to learn about the most common and dangerous threats to e-commerce sites.
Combining many of the above, malicious code is an e-commerce owner’s nightmare and for none more so than start-ups – unfortunately, new businesses are typically less secure than larger enterprises, making them targets for security breaches. Free downloads or using less trustworthy sources for defenses can lead to systems becoming infected with malicious code, in which a harmful attack is placed within the program to damage the system.
Viruses and Malware
Without a doubt, after the malicious code, viruses such as trojans and spyware are one of the biggest threats to e-commerce websites. They were particularly dangerous as they can penetrate sites that lack stringent security measures or simply via an employee opening a malicious email attachment. Whatever the method of entry, the damage caused can have lasting effects on the short-term profit and long-term continuity of an e-commerce website.
Hackers and Attackers
In addition to malicious code and viruses, hackers pose a serious and growing threat to e-commerce websites. Clever, cunning and able to spot minute and obscure security flaws, online attackers use every technique in their arsenal. Using firewalls, carrying out regular scans, employing a penetration testing company (like Nettitude) and reducing the amount of sensitive data stored can help to reduce the chance of attacks and their impact.
Phishing, Fraud and Identity Theft
Online fraud is becoming more and more prevalent, with stolen credit or debit card details being the most common. This is particularly problematic to e-commerce sites, as purchases via a fraudulent payment method can become costly, both financially and to your brand’s reputation. As an online business, it is crucial to monitor sales, track IP addresses, and user activities, and protect customer accounts with password limits and stringent security checks.
To protect an e-commerce start-up, business owners need to keep up-to-date with the latest threats and implement stringent security measures, to help to prevent attacks from hackers, viruses, and fraudsters.