The current times are called the digital age because almost all businesses have shifted online. The owners enjoyed maximum peace of mind until their virtual workplace became vulnerable to security issues. Terranova Security puts forward that 60% of small businesses run out of business after being victims of cyber attacks.
Another figure was revealed by Security, that the US landed in the unsafe hands of 168 threat actors in 2023 as cyber threats challenged their security level. Then according to IBM, in 2023 the average cost of data breach on a global level was identified to be $4.45 million, which was 15% more in the tenure of three years.
If your business is dealing with the same hassle of online security barriers then this blog is for you as we will tell you about e-commerce security and the ways you can improve digital security for your e-commerce business.
What Is E-Commerce Security?
When anybody asks you about your e-commerce security, what are the first few things that cross your mind? To protect customer data and transactions? You are there, but let us clear you further. E-commerce security means the security measures taken online to give your customer’s data, their sensitive information, and two-way money transactions when buying and selling via an e-commerce site. It revolves around multiple approaches involving protocols and techniques, whose mission is to bring security to the table so that there is no room left for hackers to invade. However, the unfortunate still happens and the owners have to bear heavy losses in the shape of losing their clients, and investments, and shutting down operations for good.
Therefore it is important to look after the digital health of your e-commerce business because you can retain your client list, be safe from financial struggle, keep your customers’ data in line, maintain your company’s spot in the market, and gain access to competitive advantage.
Ways To Improve Digital Security For Your E-Commerce Business
We are sure by now you must be very curious to learn the ways to improve digital security for your e-commerce business and guess what all the above reasons can be made possible through the following ways:
Enable HyperText Transfer Protocol Secure (HTTPS)
As a customer, when you explore websites you must have noticed ‘’https’’ at the left corner of the URL. What is it? HyperText Transfer Protocol Secure now falls under one of the essential protection protocols that every e-commerce business has adopted as a means of security. On the other hand, the companies that are still using the previous HyperText Transfer Protocol are themselves asking the cyber actors to damage their hard work.
Back in the day, businesses made the most out of HTTPS while doing online payments as that acted as a guard to deal with confidential information like customer’s account number and necessary credentials, but time showed a significant increase in password issues that scared the business owners and ultimately they moved their entire stores to ‘’https’’ instead of remaining confined till payment transfers. The protocol doesn’t only keep their money transactions safe but also their overall website irrespective of the size.
Https serves the purpose of keeping your website safe from vulnerable cyberattacks and retaining your customer’s data as well, which if breached causes immense trouble for the owner to tackle. Hence you wouldn’t want to take such a risk right so shift your e-commerce business under Https without further time wastage.
Create Digital Signature
You must be used to physically signing all the documents that need your official approval. But how many of them remain secured, untampered, or reached the concerned party as it is? Very few, right? Therefore, one of the very good ways to improve digital security for your e-commerce business is to create digital signature. Why? Incorporating this remedy will make the procedure of your sending and customer’s receiving very smooth. The software is designed to facilitate and keep your signature safe.
You would just have to trace your name credentials in the given space, where you can choose the style and font of your digital identity. The benefit is that nobody can steal your signature, and you can forget the stress of the document landing in the wrong hands or getting misplaced altogether.
The same theory is applied on the customer’s end too. They will sign in the same manner, leaving no assumptions that somebody else received an order without their knowing. Both parties can take a breath of relief as digital signatures are a good solution to elevate the security of the e-commerce business while furnishing the customer with an excellent customer shopping experience. And that is the dream of every business owner.
Refrain From Saving Your Credit Card Data
We understand that while setting up your e-commerce business, you must have entered your credit card details at some point. But refrain from saving your credit card data like you save passwords for your accounts for easy access inside your account. Saving your account number and credit card details is a wish fulfilled for attackers who want you to make the wrong movements to enter and hack the store, staining your established reputation in the market and among customers.
Whatever E-commerce payments you make daily, the data passes through the eyes of external vendors too. This becomes risky for both the business owner and the customers as you never know there who is an actual vendor or a hacker waiting to lay their hand on your sensitive information and misuse it for their advantage. Therefore, if you want to see your e-commerce flourish security-wise too then don’t save credit card data and discourage your customers as well.
Install Safety Plug-ins
You install safety plug-ins to protect your computer and necessary files from viruses. The same can be done to protect your e-commerce business as well. These are no less than a blessing when turned on as they are developed to keep your online store safe from cybercriminals giving them a tough time to trespass your virtual territory.
Just check the plug-ins that are compatible with your version to avoid regretting spending the subscription amount but getting no security as an outcome.
Conclusion
These are a few ways to improve the digital security of your e-commerce business and we hope they will be a great help for you to build your online store without the fear of getting attacked by cybercriminals. As a digital business, it’s your responsibility to protect the sensitive information and data handed over by the customers, and this is where digital security measures come in handy.
