Ecommerce killed the retail star. Trends show that e-commerce is quickly overtaking traditional shopping models, with 2023 predicted to have 300 million online shoppers in the US alone. This statistic is excellent news for the industry and even better news for cybercriminals. There are types of e-commerce security that will become necessary for any business wishing to engage with clients online.
If you’re a new or developing business in the e-commerce sector, congratulations! Online selling and shopping are seeing perennial growth; one study of overall global market trends predicts that e-commerce will overtake a whopping 22 percent of all global sales by 2023, up from the 12.2 percent it commanded just five years prior in 2018. However, all that progress comes with its risks as well, and security tools in e-commerce will only become more important as the industry grows.
When it comes to any kind of e-business, the lifeblood, the success, or failure rides on data. Big tech has changed the way we use data, and with e-commerce projected to grow, data ethics becomes a serious topic of conversation. In this article, we will be exploring ethical issues in e-commerce and how our organizations can change the way we handle people’s data.
E-commerce is a monolithic industry. According to market research, spending shot up to over $600 billion dollars in 2019, up nearly 15% from the year prior. But along with all that growth, there are also risks. It’s imperative that e-commerce security threats be taken seriously by all companies operating in this sphere. Whether you’re just starting up a new business or you’ve been a player in the e-commerce sector from the very beginning, you need to stay protected.
There’s never been a better time to start or grow an e-commerce business. According to one study of e-commerce trends, an expected 279.5 percent increase in sales worldwide is expected to yield over $4.9 trillion dollars in e-commerce sales in 2021. But alongside that opportunity there exist numerous risks for startups and big companies alike. Threats from complicated hacks to social engineering make the need for security in e-commerce clearer than ever.
Are your web apps insecure low hanging fruit? Fortify your online storefront as securely as you would your brick-n-mortar business. Migration to EMV shifts hacker focus to online fraud. PEN test your web apps and implement a business-grade Web Application Firewall!
Few things are more sought-after by hackers than private credit card and payment data, Stealing credit and debit card numbers for fraudulent use is as popular as ever with cybercriminals. And recent data suggests they’re increasingly turning to card-not-present fraud.