Cybercriminals target businesses that work with aÌýlarge amount ofÌýpersonal data but have basic security practices inÌýplace. AsÌýsuch, they’ll often target ecommerce stores.
Since 2020, ecommerce has boomed, helping thousands ofÌýentrepreneurs launch their online businesses. Unfortunately, online stores have also become theÌýcommon victim ofÌýhackers looking toÌýsteal customer data.
±õ²ÔÌý2021, ofÌýecommerce businesses experienced security attacks onÌýBlack Friday/Cyber Monday, upÌýfrom about 32% inÌý2019. Despite theÌýrise inÌýattacks, only 32% ofÌýbusiness owners reported feeling ready toÌýstop attacks.
InÌýthis article, we’ll discuss ecommerce security, theÌýmost common threats, andÌýhow you can protect your online store from cybercriminals.
What isÌýecommerce security?
Store owners should set protocols that protect user data from
ToÌýeffectively doÌýthis, ecommerce security protocols must:
- Shield private data from third parties
- Keep data unadulterated
- Allow only authorized people access
Only aÌýholistic combination ofÌýdata integrity, authenticity, andÌýprivacy can secure your ecommerce business from theÌýprying eyes ofÌýhackers. Read onÌýtoÌýlearn how you can ensure security.
Difference between ecommerce security andÌýcompliance
Ecommerce security isÌýanÌý
Compliance, onÌýtheÌýother hand, focuses onÌýhow authorities perceive your business practices based onÌýset standards. For instance, there isÌýtheÌýPayment Card Industry Data Security Standard. You need toÌýbeÌýPCI DSS compliant inÌýorder toÌýsafely process credit card data. IfÌýyou’re using ºÚÁÏÃÅ byÌýLightspeed forÌýyour online store, you’re already PCI DSS compliant.
Ecommerce stores also need toÌýbeÌýaware ofÌývarious regional laws ifÌýthey serve customers from certain areas. For example, ifÌýyou sell online inÌýEurope, you have toÌýcomply with GDPR regulations while processing your customers’ data. Keep inÌýmind that itÌýapplies toÌýyour business even ifÌýit’s not located inÌýEurope. IfÌýyou have customers from theÌýEU, you need GDPR compliance.
ºÚÁÏÃÅ byÌýLightspeed has everything you need toÌýcomply with GDPR regulations. Check out toÌýensure you’ve enabled all theÌýsettings necessary forÌýGDPR compliance.
One ofÌýtheÌýGDPR requirements isÌýgetting customers’ clear consent forÌýtheÌýuse ofÌýcookies
Key ecommerce security threats
Before you learn how toÌýprotect your online store from cybercriminals, you have toÌýidentify theÌývarious security threats. When itÌýcomes toÌýecommerce, most attackers will pose asÌýauthentic sites toÌýexploit consumer trust, orÌýdirectly attack theÌýpayment system online stores use.
Phishing
Phishing isÌýone ofÌýtheÌýoldest tricks inÌýaÌýhacker’s book andÌýstill highly effective today. Its success hinges onÌýexploiting people’s willingness toÌýtrust theÌýauthenticity ofÌýaÌýbusiness.
Hackers mimic real businesses toÌýsend malicious files andÌýlinks toÌýconsumers, extracting data when aÌýrecipient responds. InÌýmost cases, hackers use fake invoices, account upgrade offers, andÌýnew orders toÌýlure people in. Phishing scams target aÌýbusiness’s internal teams andÌýcustomers. Often, it’s difficult toÌýtell aÌýscam from theÌýreal thing without aÌýkeen eye.
Common phishing types inÌýecommerce include:
- : aÌýphishing attack where hackers clone aÌýprevious legitimate email andÌýsend aÌýcopy toÌýtheÌýrecipient with malicious links.
- orÌýwhale phishing: aÌýhacker may pretend toÌýbeÌýyour employee andÌýask you toÌýwire them money orÌýchange payment details forÌýtheÌýinvoice, etc.
Follow these from our Help Center toÌýprotect yourself from phishing.
Spam
Spam isÌýaÌý
For example, ecommerce websites will show consumer reviews forÌýsocial proof. Hackers will use theÌýcomment section toÌýshare spam. Make sure toÌýclean spam comments orÌýreviews from your website. IfÌýyou’re not onÌýtop ofÌýspam messages onÌýyour website, you might attract penalties from
Financial fraud
Financial fraud takes many shapes but it’s one ofÌýtheÌýmost popular ways hackers can attack your business. Criminals skim credit card websites toÌýscrape data, run phishing scams toÌýobtain card details from customers, order products using stolen cards, andÌýuse fake return requests toÌýdrain customers andÌýyour business.
InÌýcase you orÌýyour customers are affected byÌýcredit card fraud, consider setting upÌýanÌýalert that tells them when toÌý.
DDoS andÌýbrute force attacks
When hackers goÌýonÌýtheÌýoffensive, they’ll turn toÌýDedicated Denial ofÌýService (DDoS) andÌýbrute force attacks. DDoS, andÌýsimilar DoS, attacks overwhelm andÌýeventually shut down anÌýecommerce website byÌýsending
Black Friday andÌýCyber Monday sales give hackers theÌýbest opportunity toÌýmake online stores unavailable. This isÌýtheÌýside ofÌýecommerce security that directly impacts your ability toÌýsell goods.
Brute force attacks use trial andÌýerror methods toÌýget access toÌýlogin orÌýfinancial details. Since this isÌýanÌýautomated process, hackers don’t take long toÌýfind theÌýright combinations.
Malware andÌýransomware
Every business should beÌýaware ofÌýmalware andÌýransomware, which are constant cybersecurity threats. Malware isÌýtheÌýumbrella term forÌýanyÌýkind ofÌýsoftware designed toÌýsteal, delete, andÌýhold data hostage. This can beÌýdone with adware slowing down devices, trojan horses modifying operating systems, andÌýSQL injections corrupting databases.
Ransomware isÌýaÌýtype ofÌýmalware that has gained prominence inÌýrecent times because ofÌýtheÌýamount ofÌýcritical data people store inÌýtheir devices andÌýtheÌýextent they’re willing toÌýgoÌýtoÌýretrieve that.
Social engineering attacks
Phishing andÌýother scams rely heavily onÌýsocial engineering tactics toÌýdeceive targets. With theÌýproliferation ofÌýdatasets, social engineering has become anÌýeffective tool forÌýhackers. They use profile backgrounds toÌýpretend toÌýbeÌýreliable businesses orÌýcustomers andÌýexploit emotional vulnerabilities toÌýsteal data.
IfÌýyou get scammed online byÌýaÌýsocial engineering attack, can help you recover what you’ve lost.
How toÌýprotect your online store from cyber threats
Now that you know theÌývarious ways cybercriminals can target your store orÌýcustomers, it’s time toÌýunderstand how you can defend against them.
Secure your passwords
IfÌýyou think your passwords are strong, think again. According toÌýaÌý, brute force attacks can hack anÌý
Here are theÌýbest practices forÌý:
- Always use combinations ofÌýuppercase andÌýlowercase letters, numbers, andÌýspecial characters toÌýmake your passwords complex.
- AsÌýtheÌýHive Systems study shows, theÌýlength ofÌýpasswords matters asÌýmuch, ifÌýnot more. Make itÌýcompulsory forÌýteams andÌýnew customers toÌýcreate
12-character passwords. - DoÌýnot recycle old passwords because they often open doors toÌýsocially engineered attacks.
- The same goes forÌýgeneric andÌý
easy-to-guess references. Don’t use popular quotes, birthdays, orÌýpersonal information. Most importantly, don’t share passwords publicly. - Ultimately, use aÌýgood password manager toÌýcreate random andÌýcomplex passwords forÌýlogins.
Choose aÌýsecure hosting andÌýecommerce platform
AÌýmajor part ofÌýyour ecommerce security depends onÌýtheÌý andÌýecommerce platforms you choose. You can goÌýwith Amazon Web Services (AWS), , orÌýpick aÌý
Either way, you have toÌýmake sure your hosting andÌýecommerce platforms cover aÌýfew basics:
- PCI DSS compliance
- Automatic backups
- HTTPS everywhere
- Does not collect credit card information
- Integrates with multiple payment providers
ºÚÁÏÃÅ byÌýLightspeed was built onÌýsecurity andÌýcustomer privacy. It’s based onÌýAWS andÌý listed above toÌýmake your ecommerce business asÌýsafe asÌýitÌýcan be.
ToÌýshow your customers that shopping inÌýyour store isÌýsecure, ºÚÁÏÃÅ shows this message onÌýcheckout
Get anÌýSSL certificate
Secure Sockets Layer (SSL) certificate isÌýessential forÌýonline stores that receive aÌýlot ofÌýsensitive queries. SSL encrypts all user requests toÌýwebsite servers, from account logins toÌýpayment information.
SSL isÌýalso part ofÌýtheÌýHTTPS protocol which makes your website more . AnÌýecommerce store without anÌýSSL certificate exposes its traffic toÌýanyone looking toÌýswoop inÌýandÌýsteal information.
SSL isÌýmandatory forÌýPCI DSS compliance andÌýsince ºÚÁÏÃÅ byÌýLightspeed supports PCI DSS, your online store isÌýautomatically protected with aÌýproper SSL certificate.
IfÌýyou added anÌýºÚÁÏÃÅ store toÌýanÌýexisting website, make sure you forÌýtheÌýrest ofÌýyour website.
ºÚÁÏÃÅ stores are protected with HTTPS protocol andÌýSSl. Your customers can easily see that shopping inÌýyour online store isÌýsafe
Use antivirus software
While it’s true operating software has evolved inÌýterms ofÌýsecurity, soÌýhave hackers. While computers are particularly prone toÌýcyberattacks, . Don’t run your business using theÌýdefault protections onÌýyour devices.
Antivirus software uses years ofÌýindustry knowledge andÌýexpertise toÌýproactively detect attacks andÌýmitigate their threats toÌýhelp you avoid downtime. You cannot manually search forÌýmalware, viruses, orÌýspyware inÌýyour admin panel orÌýnetworks every second. Antivirus software automates tasks andÌýkeeps anÌýeye out forÌýpossible data thefts.
Good antivirus software may even package malware protection with identity theft protection, private VPN, andÌýpassword manager forÌý
Perform regular backups
Ecommerce websites store tons ofÌýproduct media (such asÌýproduct images) andÌýuser data that require regular backups. When you make backups ofÌýyour website, you mitigate theÌýrisk ofÌýhardware malfunctions andÌýcyberattacks slowing down your business. Most ecommerce hosting providers, including ºÚÁÏÃÅ byÌýLightspeed, offer automatic website backups forÌýthese reasons.
You may wonder, why should IÌýfocus onÌýbackups ifÌýmyÌýecommerce host takes care ofÌýthem? Automatic backups toÌýtheÌýcloud are great andÌýsave you time ifÌýsomething goes wrong. But you should also goÌýone step ahead andÌýdownload copies ofÌýyour website data regularly, preferably onÌýaÌýseparate device. This isÌýaÌýfailsafe that can save you from slowdowns, shutdowns, andÌýdamage toÌýyour reputation.
Set upÌýaÌýVPN
Most ecommerce stores inÌýtheÌý
VPNs encrypt data traveling between nodes andÌýhide IPÌýaddresses inÌýmost cases. Employees can share large files safely andÌýcustomers can share confidential data without having itÌýtraced back toÌýthem. VPNs also allow you toÌýmove past geographic restrictions andÌýserve customers inÌýwider markets. You can also set upÌýaÌývirtual private network onÌýyour office router toÌýkeep all
Educate your customers
Your ecommerce store isÌýasÌýsecure asÌýyour most casual customer. Security isÌýnever aÌý
For instance,
Wrap up
AsÌýanÌýecommerce business owner, you have toÌýwear multiple hats every day. ItÌýmay feel impossible toÌýpay close attention toÌýimportant things like security. But all itÌýtakes isÌýone mistake toÌýlose customer data, money, andÌýreputation.
ºÚÁÏÃÅ byÌýLightspeed can help you traverse theÌýcomplex world ofÌýecommerce security andÌýautomate theÌýbulk ofÌýactions soÌýthat you can focus onÌý.
Ìý
- Data Privacy inÌýEcommerce: Emerging Trends andÌýBest Practices forÌý2024
- The State ofÌýEcommerce Payment Security
- How toÌýUse HTTPS Protocol andÌýSSL Certificates toÌýProtect Your Online Store
- Ecommerce Fraud: How toÌýProtect Your Store From Online Shopping Scams
- How ToÌýProtect Your Online Store From Cyber Threats