Cybersecurity is the protection of Internet-connected systems, including hardware, software, and data, from cyber attacks. In a computing context, security comprises cybersecurity and physical security both are used by enterprises to protect against unauthorized access to data centers and other computerized systems.
Role of Cybersecurity in E-Commerce
The importance of cybersecurity in modern e-commerce cannot be overstated, especially when a company finds itself on the business end of hackers’ intentions. so you should follow some steps.
Securing your site you can do to protect your e-commerce platform is to ingrain within your employees a sense of urgency surrounding security. In far too many cases, careless employees have introduced spyware or malware to an organization’s network. Opening suspicious emails and clicking links within them is the most common method of infection. The other area in which your employees need to be trained is maintaining robust passwords.
Hosting matters Your site is only as secure as the server on which it resides. When you’re just starting out, you might be tempted to save some cash by residing your site on a shared server. However, in that instance, your site is only as secure as the least secure site on the server. It’s like being hospitalized in a quarantined ward in the hospital when you’re there for only a minor procedure.
Set limits Depending on your individual business and target customers, setting a payment limit from one account is useful. This prevents merchants from processing potentially fraudulent transactions.
Update ecommerce software regularly Software providers issue frequent updates that fix any holes in their platforms. Store owners need to install these to close vulnerabilities from new viruses and malware. Ecommerce stores should utilize a business-grade anti-malware software to protect themselves. Hosted platforms often issue automatic updates to prevent new vulnerabilities.
Utilize the Address Verification System AVS compares the billing address the customer entered with the one the credit card issuer has on file. Most payment processors offer this feature. It separates legitimate transactions from fraudulent ones.
Require CVV Card Verification Value is the three- or four-digit code on the back of a credit card. Under PCI standards, retailers are not allowed to store this number, even if they record customers’ names, addresses and credit card numbers for future transactions. Additionally, many cybercriminals have a credit card number, but not the physical card. A CVV requirement makes it much more difficult for a fraudulent transaction to go through.
Require stronger passwords Hackers use algorithms that generate customers’ passwords. These programs run through all the possible combinations for a four-digit password, so it would not take long to find the right alpha-numeric password. Longer passwords with at least one special character and capitalization are more secure.
Conduct a risk assessment There are security areas online store owners don’t think about every day. Store owners need to understand which types of data are at the most risk and the kinds of systems they can implement to prevent online fraud.