E-Commerce Threats and Solutions

E-commerce has forever revolutionized the way business is conducted. Retail is now a long way from the days of time-consuming and error-prone physical transactions.

However, e-commerce has inevitably invited its share of troublemakers. Even though e-commerce simplifies transactions, it is sometimes plagued with serious problems that compromise its security as a means of exchanging money and information.

Major threats to today’s e-commerce include

Security Breach:

Money thefts

E-commerce services are about transactions, and transactions are very much driven by money. This attracts hackers, hackers and anyone who knows how to exploit flaws in a system. Once a flaw in the armor is discovered, they feed the system (and users) with a lot of dubious information to extract confidential data (phishing). This is particularly dangerous because the data extracted can be that of credit card numbers, security passwords, transaction details, etc.

Additionally, payment gateways are vulnerable to interception by unethical users. Cleverly designed strategies can filter some or all of the amount transferred from the user to the online provider.

Identity theft

Hackers often gain access to sensitive information such as user accounts, user details, addresses, confidential personal information, etc. This is a significant threat considering the privileges one can enjoy with a false identity.

For example, one can easily log into an online shopping mall under a stolen identity and make purchases worth thousands of dollars. He can then have the order delivered to an address other than that appearing on the sheets. It is easy to see how these orders could have been received by the impostor without arousing suspicion. While the fraudsters win, the original account holder continues to pay the prize until the offender is caught.

System Threats

Viruses, worms, Trojan horses are very deceptive methods of information theft. Unless a strong virus protection strategy is employed by the eCommere Solutions company, these malicious agents can compromise the credibility of any e-commerce web solutions services. Often planted by individuals for reasons known only to them, viruses reproduce in systems and multiply at astonishing rates. Unchecked, they can potentially cripple the entire system.

Solutions

There is only one solution to all the problems that sometimes affect the security of e-commerce services. Strict vigilance against malicious intruders.

Easier said than done? The same goes for all preventive measures. However, with online transactions, the advances in security have been overwhelming.

Authentication

Most notable are the advances in identifying and eliminating inauthentic users. E-commerce service providers now use multi-level identification protocols such as security questions, hash passwords (encryption), biometrics and others to confirm the identity of their customers. These steps have found wide favor everywhere due to their effectiveness in eliminating unwanted access.

Verification of intrusions

The issue of combating viruses and their ilk has also seen rapid development with antivirus vendors releasing powerful antiviruses. These are developed by expert programmers who are a cut above hackers and crackers themselves.

Firewalls are another common way to implement security measures. These programs restrict access to and from the system to pre-screened users/access points.

Educate users

E-commerce is primarily user-driven. So, e-commerce service providers have also turned to educating users about safe practices that make the whole operation hassle-free. Recent problems such as phishing have been solved to a large extent by informing genuine users of the dangers of publishing their confidential information to unauthorized information requesters.

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