E-Commerce Security: Common Issues and how to address them

E-commerce security threats are causing havoc in online trading. The industry experiences up to 32.4% of all successful threats annually. Statistics also suggest that there has been an increase of more than 50% in the annual Ecommerce cybercrime in 2020 as compared to 2019, and the trend is likely to continue even further.

Hackers usually target E-commerce store admins, users, and employees using various malicious techniques. Organizations must include security guidelines in their business SOPs, especially amidst the rising cases of thefts and mishappenings in E-commerce. These guidelines should ideally consist of protocols to safeguard people and gain their trust as a whole. These aspects should include privacy, integrity, authentication, and non-repudiation concerns.

Privacy concerns include preventing any activity that shares the customer’s data with unauthorized parties. Ideally, organizations should not share sensitive information with their customers. A minimum antivirus, firewall, encryption, and data protection can be some of the basic protocols you should include.