Updated on: June 24, E-commerce security threats are causing havoc in online trading. The industry experiences up to Hackers usually target e-commerce store admins, users, and employees using a myriad of malicious techniques. Are you experiencing credit card frauds, scamming, phishing, bad bots, DDoS attacks, or any other security threat? It is undeniable fact that the e-commerce security threats are causing havoc in online transactions.
There are just so many e-commerce frauds that are plaguing the industry currently. In this blog post, we have tried to list down the common threats your e-commerce face and how to prevent them. If you have already been hacked with credit card frauds, scamming, phishing, bad bots, DDoS attacks, or any other cyber attack, you can get a complete malware removal right now with Astra Security.
Ever since the first online businesses entered the world of the internet, financial fraudsters have been giving businesses a headache. There are various kinds of financial frauds prevalent in the e-commerce industry, but we are going to discuss the two most common of them. It happens when a cybercriminal uses stolen credit card data to buy products on your e-commerce store.
Usually, in such cases, the shipping and billing addresses vary. Another form of credit card fraud is when the fraudster steals your personal details and identity to enable them to get a new credit card. The bad players perform unauthorized transactions and clear the trail, causing businesses great losses.
Some hackers also engage in refund frauds, where they file fake requests for returns. Several e-commerce shops have received reports of their customers receiving messages or emails from hackers masquerading to be the legitimate store owners. Such fraudsters present fake copies of your website pages or another reputable website to trick the users into believing them. For example, see this image below.
A seemingly harmless and authentic email from PayPal asking to provide details. The EITest of is another good example of such malicious campaigns. If the clients fall into the trap and give them their sensitive personal information like login credentials, the hackers swiftly go ahead and con them.
Some bad players can send infected links via email or social media inboxes. They can also leave these links in their comments or messages on blog posts and contact forms.
Once you click on such links, they will direct you to their spam websites, where you may end up being a victim. Apart from lowering your website security, spamming also reduces its speed and severely affects performance. Many e-commerce websites have incurred losses due to disruptions in their website and overall sales because of DDoS Distributed Denial of Service attacks.
What happens is that your servers receive a deluge of requests from many untraceable IP addresses causing it to crash and making unavailable to your store visitors. Hackers may design a malicious software and install on your IT and computer systems without your knowledge.
These malicious programs include spyware, viruses, trojan, and ransomware. The systems of your customers, admins, and other users might have Trojan Horses downloaded on them. These programs can easily swipe any sensitive data that might be present on the infected systems and may also infect your website.
Attackers are on the lookout for certain vulnerabilities that might be existing in your e-commerce store. It is a malicious technique where a hacker attacks your query submission forms to be able to access your backend database. Experts Opinion: Security experts have expressed their opinion of various security threats are as under.
Posted by ClickSSL. Share on Facebook Share on Twitter. We Assure to Serve. Compare Close. We use cookies to optimize site functionality and give you the best possible experience. In the normal course of a business day, the company received as many as 50, spam and phishing emails. As a result, the company installed numerous spam filters in an attempt to shield employees from fraudulent emails.
However, many fraudulent emails still go through to employees. Consumers and businesses are quickly adopting and implementing wireless Internet networks. While wireless Internet networks provide businesses an opportunity to streamline their networks and build out a network with very little infrastructure or wires, there are security risks businesses need to address while using wireless Internet networks.
In addition, many other small businesses may not use strong enough wireless security to protect their systems. In , two hackers allegedly parked outside a store and used a telescope wireless antenna to decode data between hand-held payment scanners, enabling them to break into parent company database and make off with credit and debit card records of nearly 47 million customers.
It is believed the hackers had access to the credit card database for over two years without being detected. Instead of using the most up to date encryption software to secure its wireless network — Wi-Fi Protected Access WPA , the retail chain used an old form of encryption called Wireless Equivalent Privacy WEP , which according to some experts can be easily hacked in as little as 60 seconds.
A disgruntled employee or an insider can be more dangerous than the most sophisticated hacker on the Internet. There are steps and measures you can take to prevent an insider or disgruntled employee from getting access to key information and damaging your computer networks.
A former employee for a company handling flight operations for major automotive companies, deleted critical employment information two weeks after he resigned from his position. According to reports, the employee was upset about being released by the company earlier than he had anticipated. Statements from the company indicate that the disgruntled former employee was one of only three people who knew the log-in and password information for the firewall that protected the employee data base.
There are a number of ways your company can protect itself from insider or disgruntled employee threats:. Thanks Ron for this wonderful overview of security threats to small businesses. I think a lot of these things are often overlooked by small business owners, and they could save a lot of time and money if they were just a little more proactive in their business security.
Thanx a million Ron for the article it helps lot to learn things. I also saw another article last night where the owner of a huge company lost millions because of an unknown virus.
All rights reserved. Share on Flipboard. Confidentiality, integrity, and availability should all be considered when building a security framework. While privacy is a component of security, it is really its own principle when it comes to information security.
In general, security is an essential element of privacy but security should also be considered separately when defining mitigation controls when considering cyber security threats to online business applications. That is because security is more than just a technology used to maintain privacy. Security is also an action and a method. Before a risk can be mitigated, a company must first determine those assets that require protection. A list of assets include the following: credit card details, personal identifiable information, account information, financial information, password information, important company functions such as logging into the system, and other important processes.
Some questions that can be used to help identify if information or a process is an asset, a few helpful questions to run through include the following:. The items identified when going through these questions are considered company assets.
Once a company has identified their assets, they can then consider risks and security controls to mitigate those risks.
There are additional resources that companies can use to help identify assets from a risk based approach listed below.
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