E-commerce Data Security

by Gauri Malani

Posted on July 05, 2018 at 06:00 PM

E-commerce Data Security

Because of Internet our life has become speedy and easy. Now-a-days, there are many things we can do by sitting at one place like book movie tickets, online shopping, or place order for food, all using e-commerce technology. It is one of the fastest growing industries.

It is very much popular these days as we can find many varieties of products but security of customer data and online transaction is a major challenge.

What is e-commerce security?

E-commerce security refers to protection of various e-commerce assets, belongings from unauthorized access or usage.

E-commerce security is essential for any transaction that takes place over the Internet. Buyers or users will lose their faith in e-business if its security is compromised.

How to ensure safe e-Payments / transactions

  • Data must be kept private so any third party or unauthorized person does not get access of data.

  • Revisions in data should not be allowed over the networks.

  • There must be a way to validate a person before he / she gets the entry to view or access information.

  • Information should be in encrypted format and it should be decrypted only by a certified user.

  • Data must be inspected so that it can be used in integrity requirements.

  • There should be some security for customer and merchants in case they are conflicts for the transaction completed.

What is an e-commerce threat?

It is the usage of Internet for illegal actions like making frauds or stealing data. There are many types of e-commerce threat, some are unintentional, and some are intentional, some of them might be because of human errors.

Reasons of e-commerce threat

  • Major reason can be of compromised or ignored data security practices

  • Price manipulation.

  • Allowing a burglar to install a lower price into the URL and get away with all the data.

  • Spreading spam messages or emails.

  • Malicious code threats.

  • Shared WI-FI from which data can be easily stolen.

Ways for fighting against e-commerce threats

  • As per the experts’ suggestion, layered security can help to battle against threats. It can include protection like firewalls, two step authentication and strong password policies.

  • Installation of strong antivirus on system is highly recommended.

  • Alerts can be configured against false activities in the network.

  • Data must be stored in encrypted forms.

  • Security Protocols like Secure Socket Layer (SSL), Secure Hypertext Transfer Protocol (HTTPS), and Secure Electronic Transaction help to achieve the goal of transactional data security. Issuing digital certificates like SSL with reliable third-party vendor provides high level of authentication for websites.

  • Use of digital signatures is also highly recommended.

  • Choose a hosting provider that is PCI compliant.

  • Make sure your platform protects against DoS/DDoS attacks.