It’s your responsibility to protect data stored on your website.
Key talking points:
- E-commerce sites are an attractive target for malicious hackers.
- Yet many businesses’ sites aren’t properly safeguarded against the threat of cyberattack.
- Company leaders can employ these seven strategies to protect their databases and keep consumer information out of the wrong hands.
If you’re old enough to have experienced life before e-commerce, you might remember hesitating before entering your credit card information online. But times and technology have changed, and today, people are much more comfortable ordering products from online retailers without so much as reentering a credit card number or confirming a CVV code.
Saving payment information makes e-commerce sites a target for cybercriminals looking to make a profit. If these criminals get access to sensitive customer data, they can use stored credit card numbers to make their own purchases or sell the numbers on the dark web. If your business has an e-commerce website, your customers could be at risk. As a website owner, you’re responsibility for keeping this private information secure.
How Cybercriminals Steal Consumer Data
Cybercriminals use various techniques to exploit databases that store valuable information like customer data and credit card numbers.
Criminals may also use a tactic called credential stuffing to guess thousands of username and password combinations in the hopes that one unlocks the administrative panel of your website. It might sound like a long shot, but it’s how hackers gained access to the data of Boost Mobile’s customers just a few months ago. Instead of using random combinations of letters and numbers, hackers shop around on the dark web to find old usernames and passwords — which statistics show consumers use on multiple accounts.
How Can Businesses Keep Private Information Secure?
Cybercriminals use many different methods to extract sensitive information, but you have an arsenal of defense tools at your disposal to secure customer data. And as the owner of an e-commerce website, protecting your customers’ personal data is your responsibility. The following techniques that companies use to protect their databases can help you build a solid defense to keep consumer information out of the wrong hands:
1. Install an SSL certificate. This measure encrypts data in transit from the user’s browser to the server of the payment processing site. For example, if you’re accepting online payments through a gateway or third-party processor, such as Square, an SSL certificate will prevent hackers from stealing payment information in transit.
2. Use a web application firewall. WAFs monitor traffic and halt malicious attempts …read more
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