Ecommerce Security Best Practices for Online Businesses

When it comes to online shopping, businesses are responsible for more than just product quality, timely shipping, and excellent customer service. As more and more consumers are transitioning to ecommerce, businesses must incorporate fraud prevention technology platforms and understand data security best practices.

Here are 15 steps you can take to secure your ecommerce site:

Encrypt all communications with the web browser by updating your site to HTTPS.
Secure transactions through the use of two-factor authentication.
Prevent denial-of-service (DoS) attacks with firewalls and application gateways.
Choose a hosting service plan with Secure Socket Layer (SSL) protection.
Ensure the hosting plan works with the newest ecommerce and CMS software.
Use services with security software to prevent malware attacks.
Keep your plugins, CMS, and software updated.
Create new administrative passwords every six months.
Schedule data backups to occur automatically.
Audit your site for vulnerabilities regularly.
Advise employees to avoid suspicious activity on social media.
Teach everyone in the company how to recognize phishing scams.
Use secure online payment methods.
Generate a user-friendly privacy policy.
Delete all unnecessary customer data as soon as possible.

It’s true that online shopping is increasing (though still far behind shopping in physical stores), however, consumers are growing weary of how businesses handle their sensitive information. One study shows that 67% of online respondents fear their private data will be released in a data breach in the near future.

In order for ecommerce businesses — from entrepreneurs to corporate giants — to be successful, they absolutely must know how to manage data privacy. You might have heard of some companies that learned the hard way: Target, Equifax, and Under Armour, to name a few.

See how these businesses recovered and learn how to protect yourself and your customers from data breaches and malware attacks. This infographic from Wikibuy explains the best ways to address online shopping concerns in today’s online marketplace, including tips on what to do should you fall victim to a breach.

How Business Owners Can Address Online Shopping Concerns

Why Your Device Password Should Never Be 1234 Qwerty?

In the world of modern technology where security is frail, it is imperative for people to protect their online data from theft, breaches, and leakages. Even security professionals fail to practice good habits when it comes to password protection.

In fact, 50% of them refrain from changing social network passwords for more than a year and 65% of companies have over 500 employees that have never changed their password. This is a bit alarming, especially if we remember how common hacking and accidental information leakage is with many social platforms experiencing breaches and other risks.

If you think that is problematic, then knowing that people are also astonishingly bad at picking their passwords will send you confounded. Running their fingers at the top row of their keyboards is easy and convenient. Using your name or birthdays is another handy trick too. But are they safe?

Today, we look at several reasons why you should never choose 1234 or Qwerty for a password.

1234 and Qwerty are Two of the Commonly Used Passwords

The first levels of your keyboard are often used as passwords, and they have been topping the list for years. These passwords are unimaginative and laughably predictable. Yet they persist, year in and year out.

Using such passwords opens you up to attacks, risking your financial and personal details.

Personal Details and Information are Collected and Shared

When you sign up to a website or network, you need to provide personal information like your name, address, email, and phone number. Most platforms and apps collect these data and share them outside the network.

Facebook, Twitter, and LinkedIn, for example, gather your important data and use them for tailored advertisements and information. Third-party entities outside the network can get hold of them too.

Social network sites and apps are vulnerable to attacks. One thing you should remember when it comes to the internet is that no data is safe forever. Most apps and sites have weaknesses. Data breaches and leakages are possible by design or by accident.

In 2012, more than 6 million LinkedIn passwords were stolen. NH Cyber Forensics Research and Education Group found in 2014 that Viber stored user data in an unencrypted cloud environment. This put the privacy of nearly 150 million users in danger. Google experienced a security flaw in 2015, rendering millions of users vulnerable to hackers.

Wrapping Up

Although passwords cannot be guaranteed to keep our data safe 100%, it is still highly advisable to be careful when choosing one. It should never be 1234 Qwerty.

Aside from making sure your password is strong, you should also begin the good practice of changing it regularly and making use of two-factor verification.

Take a look at the infographic that follows to learn more about the importance of online data security.

How Safe Is Our Online Data?