As technology improves each year, more obligations for increased e-commerce safety measures arise each day. Nowadays, e-commerce businesses are an even faster growing trend then they were a few years back. With more business owners opening e-commerce stores, the issue of security has captured their attention.
The Internet has provided humanity with countless opportunities for businesses endeavors and endless possibilities for innovation. However, as the technology and migration from offline to online evolves, so do the abilities of hackers who like breaching security systems and exploiting the vulnerabilities that people overlook. E-commerce safety measures of data, trade and customers is vital for its survival. Here are a few ways technology can help your business increase e-commerce security measures and protect your company.
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6 measures to secure Credit Card Payments
Credit cards are the most common method of payment and purchase in e-commerce business. In order to ensure that your customer’s transactions are safe, secured and not prone to online theft, you must secure the means of credit card procurements. After all, it is very important for your business that your customers can rely on your website, knowing that someone won’t drain their account because of the security flaw, and that they are free to purchase things safely.
For instance, Payment Card Industry Data Security Standard (PCI DSS) is a proprietary information security standard. Businesses and organizations who handle credit card transactions can implement this standard to increase security and reduce the risk of credit card fraud. Standard dictates these methods for improved security measures:
- Build and maintain a secure network – Install and maintain a firewall configuration to protect cardholder data. Also, don’t use vendor-supplied defaults for system passwords and other security protocols.
- Protect cardholder data – Ensure that stored cardholder data is protected. Make sure that transmission of cardholder data across open and public networks is encrypted.
- Maintain a vulnerability management program – Ensure that anti-virus software is regularly updated and used on all systems commonly affected by malware. Develop and maintain secure applications and systems.
- Implement strong access control measures – Make sure you assign a unique ID for every person with computer access. Ensure that physical access to cardholder data is restricted.
- Monitor and test networks on regular basis – Make sure you track and monitor all access to cardholder data and network resources. Also, test all security systems and processes regularly.
- Maintain an information security policy – Maintain a policy that affects information security. This standard can be implemented by any e-commerce business that offers payment via major credit card brands like MasterCard, Visa, American Express etc.
How to reinforce your E-commerce Safety measures
Securing credit card transactions isn’t enough to provide excellent services and safety for your customers. E-commerce business owners should also implement extra layers of security in order to protect both their businesses and their customers. Implementing security measures such as secured platforms on which your e-commerce website is based, firewalls, secured traffic, and data protection will ensure a smooth business operation.
Furthermore, making sure your website uses Hypertext Transfer Protocol Secure (HTTPS) over Transport Layer Security (TLS) for secure communications and cryptographic protocols will greatly improve your website’s cyber security and reduce the risks of security breaches. Employing strong security protocols will provide your customers with safety and security to make their purchases without any worries.
Is it possible to take Product safety measures?
Online security is very important, but so is your physical security and delivery of your products. If your e-commerce logistics and supply chain isn’t secured, then you can’t guarantee the safe and fast delivery of your products to your customers, which is bad for business. In order to run a successful e-commerce business you must ensure that both your cyber and physical security measures are in order.
For example, technology isn’t just meant to help you secure a website, but also assist you in securing and monitoring product storage, inventory and transportation. Having a carefully outlined e-commerce logistics plan in place such as storage space, inventory lists and tracking, transportation means as well as finding trustworthy and educated personnel that will overlook the supply chain, can be organized using new technologies and the Internet.
By consulting a customs broker you can ensure your international deliveries will safely pass the customs regulations. After all, it is vital for your business that products get delivered fast to your customers worldwide.
These are just a few examples on how you can improve both cyber and physical security for your e-commerce business. You can find some others in this article.
Technology advances, allowing business owners to improve their efficiency and productivity, as well as assisting them in organizing an effective work flow. Always make sure your e-commerce safety measures are in place for your business to ensure its success and prosperity.
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