E-commerce websites have become numerous and highly distributed around the world, which takes many data from their customers so protecting e-commerce sites is very important to maintain customer data. So we will discuss together in this article the importance of protecting and securing your e-commerce site and E-commerce security systems.
E-Commerce Security Threats
E-commerce websites can face many threats that affect their performance and security. we will explain as follow:
Inaccurate management When the security level does not reach the mark, it poses a very serious threat to networks and systems. Also, security threats occur when there are no appropriate budgets to purchase antivirus software licenses.
Price Manipulation The problem of price manipulation is a big problem facing electronic commerce. Robbery is the most common price manipulation intent. Allows the intruder to slip or set a lower price in the URL and stay away from all data.
Snowshoe Spam It is something that is sent by one person, but unfortunately, there is a new development happening in the Internet world. It is called as snowboard spam. it is not sent from one computer but is sent from many users. In such a case, it is difficult for the anti-spam program to protect spam messages.
Malicious code threats These code threats typically involve viruses, worms, Trojan horses. these threats could affect worthly to the e-commerce website.
Hacktivism Hackers do not directly target those associated with politics. The purpose can also be socially motivated. Social networking platforms are commonly used to highlight social issues. It can also include dumping an email address with too many visits to be paused.
Wi-Fi Eavesdropping Virtual Listen is similar to information that is shared over an unencrypted Wi-Fi network. It can happen on the public as well as on personal computers.
If you want to know how to get over these threats, read this article.
E-commerce Security Basics
Privacy is very important, which means not sharing information with unauthorized parties. When you shop online, none of your personal data or account information should be accessible to anyone except the seller you chose to share with. Any disclosure of such information by the merchant will be a breach of confidentiality. The company is responsible for providing at least minimum encryption, virus protection so that bank details and credit card information remain private.
Integrity Information should not be altered during its transmission over the network. The company only uses exactly what is entered into the website by the buyer. Any manipulation of information breaks the buyer’s confidence in the safety of the transaction and the safety of the company in general.
Authentication It should be a mechanism to authenticate a user before giving him/her access to the required information. Common solutions include technological solutions customer logins and passwords or additional credit card PINs.
Non-repudiation It is the protection against the denial of order or denial of payment. The legal principle of non-repudiation adds another level of security by confirming that the information which was sent between parties was indeed received and that a purchase or email or signature cannot be denied by the person who completed the transaction.
Importance of E-commerce Security
A security breach is especially damaging for a small business because it hits them right in the major advantage they might have had against a larger company. A larger company with a breach may lose trust, but people may still go to them due to pricing or selection.
Cybersecurity is one of the most crucial features of e-commerce. Without proper protocols in place, online retailers put themselves and their customers at risk for payment fraud. Smaller stores face even greater e-commerce security risks due to insufficient internet safety from cybercriminals.