Are you aware of the current reach of the e-commerce industry? Everything is now available on the internet in the form of eCommerce stores, from restaurants, and banking services to the entire market for buying and selling. The majority of individuals spend as well as earn money from the eCommerce store, but as we all know, where there is money, there is criminality, As an outcome, many eCommerce security threats may have an impact on the expansion of your business.
Financial deception, third-party access, SQL injection, attack of spammers, and other eCommerce security threats might develop while operating an eCommerce store. And when even a single security issue occurs, the customer becomes hesitant to trust the eCommerce store. Therefore, the entrepreneur must develop an online store that is more protected and secure for the user and himself just like the one from Growcify.
Indeed, we understand how essential the security and protection of an online eCommerce store are in terms of business growth and trust. Here are some points that will clarify the online security threats that happen in an eCommerce store and how we can prevent our e-commerce store from all of the online security threats:
1. Payment Fraud:
As the majority of people buy and sell products through an eCommerce store. The main reason is that customers prefer online shopping from your e-commerce website because they can purchase at any moment and pay for the item simply by using a credit card, debit card, net banking, UPI and many more. But nowadays payment frauds are quite a common eCommerce security threat where both bots and real people use many of the payment methods illegitimately. The true owner, on the other hand, can dispute the charge if an unauthorized hacker obtains it and uses it to make a transaction on an eCommerce store or for his usage.
To avoid the risk of payment fraud, first, ensure that your e-commerce website is secure and follows the security protocols. Precautions can also be taken to ensure that payment methods are quite protected to avoid heavy losses due to fraud. You should make secure payment methods while buying and selling the products from the eCommerce store.
2. Account Hacking:
Customers are frequently allowed to log into an account they’ve created on an eCommerce store to make buying, delivering, and transfer of funds easier. However, if an unauthorized hack into that account, the impacts could be disastrous for both the customer and the business. Personal information is frequently preserved in these accounts, and charges could also quickly generate without the legitimate user’s permission. This eCommerce security threat happens on email services, bank services, and user accounts.
If there are safeguards in place, fraudulent people will be less likely to hijack profiles. Security questions, complicated passwords which are unthinkable for the other person,two-factor authentication, and CAPTCHA forms can all make it a little more difficult for fraudsters to break through to the other side.
3. Unsecured Websites:
If the address of an eCommerce store doesn’t start with HTTPS (HyperText Transfer Protocol Secure), when the individual visits it or creates it, as well as if the user can’t see the closed lock icon in your browser, then the website is not secure and eCommerce security issues are present there. The information of a user may have been hacked by bots or fraudulent users. If a hacker became successful, he would be able to read everything being put into the browser, including the user login and password and he uses it to his advantage.
The business owner has to build a website that follows the HTTPS protocol to protect itself from this online security issue. Any website people are accessing on the internet is safe if its URL begins with HTTPS. There is one additional protocol, HTTP, which is not Secure Socket Layer encrypted. Does that imply that it is not safe? If someone is talking about an eCommerce store, the HTTP protocol is not safe because an e-commerce website contains a lot of user-sensitive data.
One of the primary e-commerce security threats that primarily affects business growth because of a decrease in customer trust. They do this by showing them a fake version of your original website or anything else that makes them think the request is coming from the company.
Emailing employees or customers with fake messages is one of the most popular phishing strategies. If your consumers or employees follow through with that message or emails and give the hacker access to their login credentials or other personal information that he can use to his advantage and when the customer knows about that hack, he losses the trust in that particular eCommerce store.
To identify and prevent phishing scams, users should change the passwords of their e-commerce accounts so that the hacker will not gain access to their accounts for an unlimited time. As well as, customers should not ignore the security releases of browsers. If you don’t update your browser, you could be at risk of phishing attacks through known vulnerabilities that could have been easily avoided.
5. SQL Injections:
Among the most typical eCommerce security threats is SQL injection. An SQL injection attack occurs when a hacker puts a malicious script into a SQL database. Using this code, access can then be achieved to private information, such as credit card and account information of users. Attacks involving SQL injection would cause the loss of information and database control.
Use cost-efficient yet effective Web Firewall Apps and plugins to resolve the SQL injection. They control traffic entering and leaving your eCommerce store and keep unreliable networks away. It allows only trustworthy traffic and enables high selectivity.
Hope you can easily understand how essential it is to have a secure eCommerce store for your business. If all of the e-commerce security issues are present then the business will not grow. Therefore, Growcify is a platform where individuals securely make their eCommerce store and ensures that the website will not be affected by any of the eCommerce security threats.