It is approximated that there are about 1.3 million e-commerce companies in the U.S alone. 1.3 million potential targets for hackers who want to steal both data and cash. Around the globe, e-commerce companies account for trillions of dollars of revenue each year and hold billions of records containing client information including credit card details and shipping addresses.
This makes them the perfect target for hackers, especially those e-commerce websites that do not have a backup appliance as part of their security protocol.
Why do Hackers Target E-commerce Websites?
As we have already mentioned, hackers target e-commerce websites specifically because they hold client data such as credit card details and other forms of personal information. Apart from that, there are several other reasons why e-commerce websites are a lucrative target for hackers and fraudsters:
- They are an excellent base for spreading malware: Because these websites see thousands of online hits each day, they can be used as an effective base from which hackers can spread malicious content, spam, phishing pages and other forms of malware among the customers quickly. This gives them instant access to so many more computers and accounts.
- Some attacks are due to corporate espionage: E-commerce website compete for a huge piece of the online shopping pie. It is therefore not far-fetched to think that some dubious owners would handsomely pay hackers to attack their competitors and ruin their reputation.
Needless to say, these attacks can be detrimental to the entire structure and financial security of your e-commerce platform.
What are the Consequences of E-commerce Website Hacks?
As a website owner, you should be terrified of your e-commerce platform getting hacked and do everything in your power to prevent it from happening. Here are some adverse consequences of an e-commerce hack that should concern you:
- You will lose the trust of your clients
- You could end up getting sued by your users for losing their data
- You will lose money and future business prospects
- You could end up getting blacklisted by Google and other search engine for being unsafe
All in all, an e-commerce website hack is something you do not want to experience as a website owner. Here are some tips that can help you keep your platform safe from hackers and fraudsters:
How to protect your E-commerce Website from Hacks and Fraud
Get the Best Firewall Protection you can afford
Having an excellent antivirus will help keep a huge portion of ransomware, malware and viruses from attacking your e-commerce website. The right kind of antivirus will continuously scan your website for malicious code and clean it up before it does any damage. Go for the good stuff ; none of that free trial options.
Educate All Your Employees
One of the easiest way to gain access into your system is through your employees. Hacker can send infected emails to specific staff members and once they click on the link or image, they will have granted the hacker access to their entire system. Your first line of defense is to educate your employees and give them pointers on which red flags to be on the lookout for every time they open their email or use their company issued phones.
Keep your Plugins Updated
Always keep an eye on updates. Outdated plugins are no longer as secure as they were before and hackers can use that loophole to get into your system. In most cases, web server updates are done by your host, but if they do not, then you have to ensure that your IT department stays on top of that at all times.
Make Sure Your Platform is Secure from the Start
They say the devil is in the details. You can do all these things to keep your e-commerce website secure but if you choose a fundamentally flawed and insecure platform to begin with, all this will be for naught. When choosing a platform such as Shopify, always check their PCI compliance as well as SSL Certificates. These are the kind of structural security measures that will help you keep your website safe as your business grows.
Hire the Right Backup and Recovery Company
While having an in-house IT department is prudent for every e-commerce company, you still need to hire an off-site professional outfit to keep things tight and secure when your IT staff get overwhelmed. There is no harm in hiring additional protection that will always keep your website up to date when it comes to security.
It takes constant vigilance and a conscious effort to stay ahead of hackers and fraudsters. This is especially true when it comes to e-commerce websites where millions of users log in and out each day; make purchases online and share sensitive personal data that could lead to identity theft. Do not leave yourself open to lawsuits by making it easy for hackers and fraudsters to gain access to your platform. Do everything in your power to protect your e-commerce business with these tips.