Top 3 E-Commerce Security Issues You need to Watch out For

The whole concept of e-commerce is based on using the internet (or other networks) to buy and sell products and services. E-commerce is thought of as the commercial operation of e-Business. As the reach of internet has expanded, e-commerce has boomed in almost all sectors. The level of trade keeps on increasing as more and more users choose the internet to conduct transactions. Nowadays, a very wide variety of commerce is conducted with e-commerce as the means. This includes supply chain management, Internet marketing, electronic data interchange, inventory management systems, electronic funds transfer, automated data collection systems, and a lot more.

But all these benefits of e-commerce have brought with themselves massive security threats. To combat this, Lean Security decided to let you in on some very basic issues that you should be aware of.

1.     Privacy

Privacy has always been the biggest issue for consumers. By conducting transactions online, they leave themselves vulnerable to identity theft, sensitive data theft, impersonation, etc. Consumers will only carry transactions through websites and networks, they feel, will protect their privacy. The more they believe in the privacy securing measures of the website, the more loyal they are likely to be, which in turn makes them more liable to provide you with truthful information.   

Nowadays, privacy ensuring measures are considered a major part of e-commerce strategies that invest in privacy protection. These strategies make consumers spend a lot more and make them more loyal and trustworthy.

2.     Non-Repudiation, Integrity and Authentication

Customer and client non-repudiation, data integrity, and customer & client authentication in e-commerce is absolutely critical for the success of your business. Non-repudiation means that a legal action taken online or an event that took place online cannot be disputed. Data integrity, all but guarantees, that the information being transferred is legitimate. Customer and client authentication that both parties are authentic and that legal transaction between the two could be carried out.

3.     Technical Issues

Technical security issues arise when your network is attacked. Often these attacks seriously compromise the security of the e-commerce provider.

·         Denial of Service Attack

A DDoS (Distributed Denial of Service) attack could be carried out against your organization. In this type of attack, your network is flooded with request causing the network to either slow down or to crash. This type of attack can bring your productivity to a standstill.

·         Teardrop Attack

This type of attack involves sending mangled IP fragments with overlapping, over-sized, payloads to the target network.

·         Brute Force Attack

This type of attack defeats a cryptographic scheme by applying a large number of possibilities.

An effective solution to all these problems would be to hire Lean Security for its efficient e-commerce security services. The company specializes in web and mobile application security which include network vulnerability scanning service, mobile apps security testing and a lot more. Check out their website for more details.