How to Secure Your E-Commerce Website
For your customers and for your business
Cyberattacks will always target eCommerce website threats. These are treasure troves of personal and financial information for would-be thieves. And for organizations of all sizes, the cost of a breach, both in terms of data loss and customer trust, can be highly detrimental.
These risks are well-known to e-commerce business owners, who are improving their security procedures. According to the VMWare Carbon Black 2020 Cybersecurity Forecast Study, 77% of organizations polled purchased new security products within the past year, while 69% increased their security team.
Knowing eCommerce security best practices and the types of attacks to anticipate is the best way to remain ahead.
What is E-commerce Security?
The most crucial aspect of an eCommerce website, or at least should be, is security. Without adequate protection, internet business owners expose themselves, their brand, and their customers to the risk of identity theft and fraud. Not to mention that compromised credit card information can wreak havoc on your business’s finances and result in substantial losses.
In addition to monetary theft, security or data breaches harm your company’s reputation. Why should you expect your consumers to feel safe spending money with you if you won’t spend money on a non-secure eCommerce website?
Hence, E-Commerce security ensures that both your business and customers feel secure.
E-Commerce Website Security Tips
We have created a list of tips to assist you in securing your eCommerce website threats.
1. Keep your website updated
As app developers discover vulnerabilities, hackers find ways to exploit them. Software updates for websites are frequently released and frequently include essential security patches.
As a result, you should pay close attention to changes as they’re implemented. If your updates need to be automated, you must be extra careful to update them manually. Nonetheless, it is advisable to enable automatic updates for both your website and your complete PC.
2. Regularly back up your website data
Backing up your eCommerce website will not prevent security attacks but will help mitigate or reduce the harm. It protects information from being lost, compromised, or kept hostage.
It is a wise E-commerce business practice to back up your website as frequently as feasible. Every time you update, you should create a backup of the website. You should back up your website at least once every three days, but daily backups are highly advised.
You may set up automatic backups, so you don’t have to initiate the process manually. Almost all website builders and web hosts include website backups as a standard feature; choose a platform that can guarantee this.
3. Use HTTPS
Certified HTTPS websites are identified by a closed secured lock icon in the browser’s address bar and are deemed authentic and secure. This indicates that the website is authentic and not a phishing site designed to steal login credentials, credit card information, and other sensitive information.
To take continuous benefit of website security, it is essential to renew SSL timely, which will avoid unwanted browser warning while surfing your site. Users will have smooth browsing experience on your site. So, renew SSL certificate today and save your customers from prying eyes.
The benefits of adopting HTTPS extend beyond security and credibility. Google ranks SSL websites higher in search results, resulting in increased traffic. In contrast, Google labels unencrypted websites as “not secure,” making them appear shady and dangerous. There are now a few quick techniques to convince a potential buyer to bypass your website.
4. Choose a Secure E-Commerce Website Platform
Often, e-commerce platforms are chosen for their storefront-building efficiency, variety of design options, and usefulness, but security aspects must also be a priority. Consider e-commerce solutions with secure payment gateways, SSL certificates, and robust authentication methods for vendors and purchasers.
Sullivan suggested considering the long-term stability of an e-commerce platform and how frequently upgrades and security patches are applied to protect the service’s long-term security.
“Consider the software’s ongoing life cycle before integrating it into your e-commerce platform,” Sullivan advised.
5. Get PCI Compliant
The Payment Card Industry Data Security Standards (PCI-DSS) are principles organizations follow to prevent fraud. The PCI SSC was formed by collaborating with global credit card businesses (Payment Card Industry Security Standards Council). It comprises twelve primary requirements and several sub-requirements that evaluate an organization’s security policies. This policy is carefully enforced for all valid reasons.
6. Monitor Transactions
A further method of securing your e-commerce store is to record and analyze all transactions often. Compile a list of customers and their respective transactions. Concentrate on significant transactions and frequent consumers in particular. Examine the transactions for any indications of unusual behavior, such as conflicting billing and shipping information, frequent returns and cancellations, etc.
7. Use Safe Passwords
According to the Verizon Data Breach Investigations Report for 2020, 37% of credential theft incidents used stolen or weak credentials. It is worth the extra effort to ensure that you, your employees, and your customers follow best practices for strong passwords:
Strong passwords contain uppercase, lowercase letters, numbers, and symbols (@,#,%) & are at least eight characters long.
Passwords should never be shared; users should have unique, private login usernames and passwords.
Never use the same password for multiple login credentials on your ecommerce site.
Never divulge sensitive information in public, such as your date of birth, social security number, or any other information you might use to answer security questions. Use a password manager whenever possible.
Implementing adequate eCommerce security is crucial to the success of your organization. You must keep the trust of your consumers by disclosing their personal information. By utilizing a SaaS platform such as BigCommerce, you can devote more time to building your business and less time to security monitoring and maintenance.
Using the aforementioned security measures and maintaining up-to-date software to secure your eCommerce website is the most excellent approach to maintaining peace of mind. Best of luck securing your website and attracting customers!