4 Ways To Protect Ecommerce Customer Data
4 Necessary Steps For E-Commerce Companies To Protect Customer Data
The current period is the best time ever to start or develop an e-commerce business. As the spread of the Corona virus pandemic led to a major change in all business sectors globally, and a large number of merchants, restaurants, service providers, markets, and even buyers were forced to resort to electronic commerce, which makes it now more important than ever. Studies indicate that the volume of e-commerce around the world is expected to increase to $4.5 trillion in 2021. There is no doubt that e-commerce will remain and continue to thrive.
Unfortunately, the Internet is not the safest place to share your money, personal or credit information. The greater the volume of money in circulation, the greater the number of crimes committed. Cybercrime has taken various forms such as financial fraud, phishing, distributed denial-of-service attacks, brute force attacks, database injection, cross-site scripting, Trojan horses, and other crimes that continue to grow in number and complexity. This makes e-commerce more vulnerable to cybercrime than ever before.
In this article, we will explain some security technologies that can increase the protection of your data and credit transactions on the Internet:
1- Two-factor authentication:
Using a strong password is very important, but it may not be enough on its own. Two-factor authentication is an authorization technique by which a computer user is granted access only after two factors have been successfully introduced to the authentication mechanism. The first factor is knowledge, such as your username and password. The second factor is ownership, and it is an additional code that is sent to the user either in a text message or an email, and that code is only valid for a few minutes. Two-factor authentication adds a second layer of security to your account, preventing hackers from hacking into your account using password cracking software.
2- Virtual Private Network:
It is perhaps one of the most important safety factors at the present time for both the shopper and the online store alike. When you are dealing with credit data, you have to be very careful in choosing your internet connection. If your Internet connection is not well secured, all data circulating on this network will be vulnerable to interception and viewing by hackers. A Virtual Private Network (VPN) is a technology that allows you to connect Internet through an encrypted tunnel to another network to ensure Internet privacy and data traffic encryption extensively. Whether you’re using a home or business Internet, server connection encryption provided by a VPN allows you to change your real location, hide your IP address, protect your anonymity, encrypt traffic, and protect you from having your activities monitored or data intercepted. It also provides great protection against distributed denial-of-service attacks.
A firewall is the barrier between a private internal network and the public Internet. This barrier monitors and filters incoming and outgoing network traffic based on predefined security policies. This technology helps keep untrusted networks away from your network and regulates the traffic going in and out of your network. They also provide selective permeability and allow only trusted traffic. Simply put, this technology helps you protect data from threats such as database injection and cross-site scripting, and prevent private network intrusions.
4- Anti-virus and malware programs:
They are programs that are used to detect harmful and malicious software such as computer viruses, computer worms and Trojan horses. Many cybercrimes attempt to steal credit information. Antivirus software will help you combat financial fraud and phishing by preventing, removing, or repairing malware from harming your computer or stealing personal or credit data. This software also uses sophisticated algorithms to flag any malicious transactions to help you take additional security measures.
Online store security standards are extremely important for both the customer and the online store. When someone buys a product through your online store, it means they trust you to protect their data. It’s smart to be aware of the threats in your immediate online environment, and how you can protect yourself from and prepare for them.