E-commerce businesses are expected to maintain a high level of security so as to not compromise the data of their customers. With the huge popularity of websites like Amazon and eBay came hundreds of thousands of budding businessmen and women all with their own unique ideas and initiatives, and thus the e-commerce business was born. In this article we discuss How Ecommerce Secures Sensitive Information for Customers.
Every day, billions of people visit e-commerce websites and make purchases. The huge amount of data and traffic that runs through these websites is a target for sophisticated online thieves.
This page will seek to tell you exactly what preventative measures e-commerce websites put in place to ensure that your data is not compromised and make sure that scammers and thieves cannot steal your money and data.
Identify verification is quickly becoming one of the most popular methods of e-commerce security. These systems are put in place for identification purposes to ensure that nobody can fraudulently access another person’s account.
With the use of facial recognition software on our mobile devices and computers, verification has become much easier. Many e-commerce websites have made the most of this and installed facial recognition systems to guarantee only the account holder can access the account.
They Only Collect Data They Need
There was a time when many e-commerce websites unnecessarily hoarded people’s data. Now, online stores are not storing as much sensitive information as they once were.
When they store your credit card details, they do not store the security code or expiry date, which means that nobody can gain access to your credit card if the security of the website is compromised.
Many also do not store email or address information, and while this may seem mildly inconvenient at the checkout, in the long run, it will benefit you.
This means scammers and thieves are not able to fraudulently depict themselves as you online and gain access to your bank account.
SSL, or secure sockets layer, are online turnkey programs that can encrypt all of the data exchanged between a website and a server – SSL encryption is the most effective method of online security available to e-commerce sellers – and ensures that you cannot fall victim to digital fraud.
It prevents online hackers from intercepting your data as you exchange it with the website, for example when you are making an online purchase, or when you are reserving an item.
Updated Security Patches
E-commerce websites must always have their security software updated at all times to ensure complete protection.
E-commerce sellers update their security with patches as often as they are made available so that their customer’s data is never at risk of being stolen by hackers and thieves.
Security software is always evolving, and that is the reason that these patches are being released so frequently.
Unfortunately, as the security patches evolve, so do the hackers. This makes it a constant cat and mouse cycle, in which the security program manufacturers are trying to beat the hackers and vice versa.
This is why it is very important for websites to keep their security software fully updated.
Demand Strong Passwords
No more are the days of simple lower-case passwords. Websites are beginning to demand that their customers use unique and carefully thought out passwords to ensure that hackers cannot simply guess their password.
Most passwords now require upper and lower-case letters, as well as numbers and occasional dashes. Passwords are required to be a certain length, and a program will determine whether or not it is a password that is so common that it will be easily hacked.
Strong passwords benefit all parties involved. Websites can boast that their customers do not fall victim to scams and fraud, and customers can rest easy knowing that their data is completely safe.
A Careful Vetting Process
According to extensive research undertaken by security experts, 62% of data breaches occur from inside a company. This is why it is very important for you to carefully vet your employees.
Some employees may solely have joined your company to steal your data and compromise the data of your customers.
A data breach can seriously deter people from shopping with you and visiting your website, which is why it is so important that you are thorough and careful when it comes to whom exactly you take into your employment.
Vet them thoroughly and do not give them access to data that is not necessary for them to see. By restricting what your employees can access, you reduce your risk of a data breach.
Now you know some of the ways that e-commerce businesses secure their customer’s data. It is very important they do so, otherwise, they risk losing all of their business and developing a reputation for inferior security.
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Also published on Medium.