5 Cyber Threats eCommerce Websites Should Watch Out For
There are innumerable advantages to eCommerce. Businesses can make sales outside of business hours; they can reach customers over their own personal social media pages, and take advantage of people being more inclined to spend while they’re on the couch with a glass of wine rather than harassed in the changing room of a crowded store. However, with all of these advantages, there are also some inherent threats that could annihilate a business’ reputation. By engaging in eCommerce, you are accepting important personal details that belong to your customer, and they are trusting you to keep that information safe. If that trust is violated, the damage to your reputation and a decrease in online sales can be crippling. Businesses need to be aware of the five threats listed below and take action to protect themselves as a matter of urgency.
Malware is consistently at the top of every list when it comes to cyber threats. It’s the main concern for most businesses and must be taken seriously. Malware can lurk in the background of your computer system, and steal your clients’ personal data. As a result, your business could be forced to pay thousands or even millions. Install sophisticated software to protect your customers and your business, and consider it one of the best investments you’ll ever make.
An innocent looking email can, in fact, be a Trojan horse, which triggers a virus and allows cyber criminals to disable your security systems and access funds or data. There are many ways to prevent this, from always using domain emails and installing effective firewalls, but it should be something you are aware of. “Cyber criminals are smart, and phishing emails won’t always be obvious. An employee could very easily be fooled if the proper training and software isn’t in place”, - says Mary Walton, a System Operator at Paper Fellows.
Many businesses rely on open-source software for security. This makes sense from a business point of view, and generally the services provided can help a company ensure they’re protected, however, there are certain risks too. Using this software means that once a hacker or cyber-criminal figures out the vulnerabilities of a system, they are able to attack a business. This is especially true if software isn’t regularly updated. Cloud services are also well-known to be vulnerable, and criminals can access private data easily if the cloud isn’t secure.
This may not be considered a cyber threat initially; however there are some important aspects of human error that can lead to serious cyber threats. Amber Coburn, an eCommerce Data Analyst at Essayroo, comments: “If an employee loses their own smartphone or laptop that has been used to access unsecured data, then whoever stumbles upon the phone, or stole it, can then access all of that data. This can lead to massive costs for the business – so make sure databases are all secure, and that employees don’t use their personal devices to access business systems.”
Stolen Data Aggregation
Businesses are following an increasing trend, in that they are starting to store their customers’ data at a central location, which is also used by many other businesses. Jane Reed, an Operation Manager from Ukwritings shares the opinion: “This much data is incredibly appealing to a cyber-criminal, so it’s important to make sure all servers involved in managing this kind of data are totally secure. This is another investment that may seem costly at the time, but is a far better option than being subjected to a cyber-attack.”
While cyber-crime is increasing, and becoming a looming threat over most businesses, being aware of the above threats and taking measures to protect your business and your employees can help save your reputation, your customers, and your profits. Investing in security is one of the wisest business decisions you could make.
Gloria Kopp is an educator and an elearning consultant from Manville city. She graduated from University of Wyoming and started a career of a creative writer and an educator, now she works as a tutor at Boomessays. Besides, she is a regular contributor to such websites as Engadget, Assignment help, Huffingtonpost etc."
If you'd like to get an assessment of the architecture and security of your web or mobile application, please request a FREE Demo. Or, to know more about our security audit service for web app and mobile app,please visit https://teskalabs.com/services/mobile-app-security-audit.
Data encryption tool for GDPRMore information
You Might Be Interested in Reading These Articles
Researchers from the University of California, Riverside, and the U.S. Army Research Laboratory have found an off-path TCP vulnerability  that affects more than 80% of Android mobile devices. Unlike a Man-in-The-Middle attack, you don't need to be in the middle of the communication to get hacked - all attackers need to know is who you communicate with.
Published on October 11, 2016
In June 2017, two information security firms researching the 2016 hack of the electricity grid in Ukraine announced that they had identified the malicious code used to shut down power stations and leave thousands of households and businesses in darkness for several hours. The malware used to target the Kiev power grid has been named Industroyer, and it serves as a sobering reminder about the dangers faced by the Industrial Internet of Things (IIoT).
Published on September 05, 2017
Distributed-Denial-of-Service (DDoS) Disrupted Gaming Industry During the Holiday - What You Need to Know
During the Christmas holiday, the Xbox and PlayStation networks at Sony and Microsoft game websites were taken down by a group of hackers called Lizard squad. This attack put thousands of users out of game playing. What a bummer huh? Originally, the FBI blamed the North Koreans for taking down the network--that is another story, but had since revised their assessment when the Lizard squad claimed responsibility for the attack.
Published on January 27, 2015