It's called the digital age, and almost all businesses have moved online. Owners enjoyed maximum peace of mind until their virtual workplaces became vulnerable to security issues. Terranova Security claims that 60% of small businesses go out of business after falling victim to a cyberattack.
Another number revealed safety, it was found that the US was in the dangerous hands of 168 threat actors in 2023 as cyber threats challenged security levels.Then, according to IBMThe average cost of a data breach at a global level in 2023 was found to be $4.45 million, which increased by 15% over a three-year tenure.
If your business is facing the same issue of online security barriers, this blog is for you. Learn about e-commerce security and how to improve the digital security of your e-commerce business.
What is e-commerce security?
What are some of the first things that cross your mind when someone asks you about your e-commerce security? How to protect customer data and transactions? Sho. E-commerce security refers to the security measures taken online to provide customer data, sensitive information, and two-way financial transactions when buying and selling via e-commerce sites. It revolves around multiple approaches, including protocols and techniques, and its mission is to achieve security in a way that leaves no room for hackers. However, unfortunate events still occur and owners have to suffer heavy losses in the form of lost customers, investments, and permanent closure of operations.
Therefore, maintain a customer list, protect yourself from financial difficulties, organize customer data, maintain the company's position on the market and competitive advantage.
How to improve digital security for your e-commerce business
All of you must be very interested by now to learn how to improve the digital security of your e-commerce business and speculate what all the above reasons will allow you to do next.
Enabling Hypertext Transfer Protocol Secure (HTTPS)
As you explore the website as a customer, you must have noticed “https” in the left corner of the URL. what is that? HyperText Transfer Protocol Secure is classified as one of the must-have protection protocols that every e-commerce company employs as a security measure. Meanwhile, the very companies still using the former HyperText Transfer Protocol are asking cyber attackers to damage their hard work.
At the time, businesses took full advantage of HTTPS as a guard for handling sensitive information such as customer account numbers and required credentials when making online payments, but as time went on, password issues became more common. has increased significantly, scaring business owners and managers. We ended up moving our entire store to “https” rather than being locked in until the payment was transferred. This protocol not only keeps your financial transactions safe, but also your entire website, no matter its size.
HTTPS serves the purpose of keeping websites safe from vulnerable cyber-attacks and also preserving customer data, but if it is compromised, owners will have to deal with a lot. Therefore, it is undesirable to take such risks. So, without wasting any more time, migrate your e-commerce business to Https.
Creating a digital signature
Must be comfortable physically signing all documents that require formal approval. However, how much of that information is kept safe, untampered with, and delivered to the relevant parties intact? Very few, right? Therefore, one of the very good ways to improve the digital security of your e-commerce business is to: Create a digital signature. why? Incorporating this remedy will make the sending and receiving process much smoother. This software is designed to make signing easy and keep it secure.
Simply track your name credentials in the space provided and choose the style and font for your digital ID. The advantage is that no one can steal your signature and you can completely forget about the stress of documents falling into the wrong hands or being misplaced.
The same theory applies on the customer side. They sign the same way, leaving no assumption that someone else took the order without their knowledge. Digital signatures are a great solution to improve the security of your e-commerce business while providing your customers with a great customer shopping experience, giving you peace of mind on both sides. And that's every business owner's dream.
Refrain from saving credit card data
When setting up your e-commerce business, you understand that you will need to enter your credit card details at some point. However, just as you would save your account password for easy access within your account, you should avoid storing your credit card data. Storing account numbers and credit card details is a wish for attackers who want to make the wrong move and break into and hack your store, tarnishing your established reputation in the marketplace and among your customers. will come true.
No matter what e-commerce payments you make every day, your data passes through the eyes of an external vendor. This is dangerous for both business owners and customers because you never know who the actual vendor or hacker is going to get their hands on your confidential information and misuse it for their own benefit. So, if you want your e-commerce to thrive with security in mind, save credit card data to keep your customers motivated.
Install the safety plugin
Install safety plugins to protect your computer and necessary files from viruses. You can do the same to protect your e-commerce business. These are developed to protect your online store from cybercriminals and make it difficult for them to penetrate your virtual realm, so turning them on is nothing short of a blessing.
Check which plugins are compatible with your version to avoid the regret of paying a subscription amount and not getting security.
conclusion
These are some ways to improve the digital security of your e-commerce business and we hope they will be of great help in building your online store without fear of attacks from cybercriminals. As a digital business, it's your responsibility to protect sensitive information and data handed over to you by your customers, and this is where digital security measures come in handy.
