Ecommerce websites have always been the most prominent targets of cyberattacks. These websites stand out as a treasure chest of financial and personal data for all the thieves out there. But for businesses, the cost of a breach for the loss in customer trust and data can be a massive blow towards them. The eCommerce business owners are well-aware of such problems and doing their best to increase their e commerce security measures.
Ecommerce Security: What is it?
Ecommerce security is pointed towards the measures taken to protect your customers and your business from cyber threats. Apart from that, eCommerce security also comes with a common acronym and terminology, which you take a look at. They are:
- PCI DSS: The PCI DSS or Payment Card Security Data Security Standard stands out as an industry standard. It helps in ensuring that all the credit card information is stored and transmitted securely and safely.
- Ransomware and malware: Malware are software installed by cybercriminals within your system. Ransomware, on the other hand, is malware that locks out their victim from their system.
- ISO: International Organization of Standards or ISO creates requirements that assist businesses to help them make sure that their processes and products are fit for purpose. The ISO/IEC 27001:2013 is one of their standards, which covers data security. When this particular certificate is achieved, it shows that the business has high-quality management systems.
- DDoS: Distributed Denial of Service or DDoS attack is a disruption of a network, server or service by overwhelming it with a network of traffic. This resource on Cloudflare carries a lot of information about DDoS attacks and has compared it with a traffic jam.
- Personal Data: Personal information or data is pointed towards any data linked to a particular individual. But it might get a bit complicated. Data sets that can identify a specific individual stands out as personal data. When it comes to data privacy regulations, such as GDPR, protecting data becomes highly essential.
- 2-Factor authentication, Multi-Factor authentication, and 2-Step verification: 2SV, 2FA and MFA are used interchangeably at times, but they differ. Even though you enter the password and username, their techniques also require one method of identity verification of user-logging within a website.
- HTTPS authentication, Transport Layer Security, Secure Sockets Layer: When you use SSL (Secure Sockets Layer), it helps in encrypting and authenticating links between computers and networks. Once you obtain an SSL certificate from your eCommerce site, you can shift from HTTP or HTTPS, which shows that your website is secure for your customers.
Developing excellent eCommerce security is highly essential for the success of your business. You cannot lose the trust of your customers by exposing all their personal information. With proper protection, you can protect your customer’s data and information related to your business.