E-commerce hacking is the number one threat to online businesses. The propensity for cyber-attacks is due to several factors. These include the low levels of security measures taken by companies.
The large amount of data that these companies connect to paid services can also be considered. Let’s examine what other threats exist and how we can help you avoid them!
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What is e-commerce hacking?
What is hacking in e-commerce? The first thing you should know is that it is very common. The current form of protection includes the governmental policies of each nation and the measures taken by each company or individual to prevent it.
Privacy violations happen mainly because of an economic interest. E-commerce hacking is the theft of financial information. The basic reason for this is the continuous flow of money through computer networks.
What is the impact of hacking on e-commerce?
The impact is strong, as the reputation of a business can be destroyed.
This in turn leads to a possible drop in sales. Blackmailing business owners or their customers can create financial chaos. Data theft does not discriminate against the type of company; anyone can be susceptible to virtual crime or fraud.
Data leakage from a company or an individual person results in distrust in the use of certain platforms. However, there is a positive impact: the conscious use of protection and competent advisors.
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How much has hacking increased?
Since 2020, the United States has noticed an increase in malicious URLs. Digital channels have become vulnerable. Attacks are no longer limited to emails; payment platforms, banks, social networks, and SMS text messages are also targets.
Records are at continuous risk from Internet pirates. Efforts to stop them include data protection, as they are the gateway to other, more valuable targets.
Attackers have become increasingly sophisticated. Creativity leads them to design new ways to illegally access systems.
The most common attacks today are due to the use of ransomware, a software program that infects computers and locks your own system to demand information. It is a form of demanding a ransom to regain access to your devices.
How often does hacking occur?
Statistics show that attacks on electronic equipment are constant. They affect the general population, from data stored individually on a device to the information of large corporations.
Slightly less than half of these data thefts are directed towards medium-sized companies.
Most companies experience web-based criminal interventions. Phishing is another type; some companies have been victims of malicious code that hijacked their systems.
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What are the most common frauds in e-commerce?
Can online shopping be hacked? Unfortunately, yes. There are several mechanisms used by thieves to extract information from cards, and corporate databases where customer information is stored are too often tapped. Card information is easily downloaded.
The important thing is that customers and companies quickly perceive the type of fraud. Knowing what you are facing allows you to act with more certainty.
Prevent further damage and prevent data theft from being used in further crimes. In addition, in some cases the data can be used to obtain other cards that can be used illegally in the customer’s name.
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Identity theft
This crime, as its name suggests, steals your personal data information. In most cases, the theft is carried out to commit financial fraud. The thief impersonates the victim to act on their behalf. Unfortunately, many victims fail in recovering their lost money.
Fraudulent refund of payments
In this case, the hacker sends a fake notification on behalf of the bank to demand a refund from the company. After the customer has placed an order, paid for it and received it, the company is pressured by the bank. The business must make a refund under the pretext of a fraudulent transaction.
Phishing
In these cases, the information is obtained through e-mails or websites. People assume they are legitimate and enter their information.
Generally, they are forms where they deposit financial and address information. An example of this are the friendly emails where people are offered inheritances and to receive them, they give their personal data.
Carding
It involves a stolen credit card holder, or their information being used to purchase store gift cards. These can then be resold to other users or purchase items to be resold for cash. These types of thieves are known as carders.
When hacked, what to do?
If a person or an e-commerce becomes aware that they have been a victim of cybercrime, it is important that they take preventative measures for an upcoming attack:
Get an antivirus
Antivirus software is a security portal. It must be an updated software. Only in this way is it safe to upload applications to the devices for analysis.
Get a secure e-commerce platform
Make sure that the platform where your business is located complies with security protocols. These must capture unauthorized access forms. And to have a solid database against attacks.
Update regularly
Perform upgrades of your security systems. Usually, the most frequent cases of hacking occur through outdated systems. Obsolete software is vulnerable.
Finally, you must avoid hacking in e-commerce. Strengthen your company’s security with PayRetailers. We can advise you and contribute to the protection of your data storage systems. Don’t let your software be vulnerable to hackers.
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