multiple orders by the same person using a different credit card or phone number should be flagged.
Choose the Right Platform
Enterprises must choose the right eCommerce platform. Do your research and find one that has good user ratings for security. Things like secondary authentication and object-oriented programming languages will help keep your site more secure.
Ensure your checkout system is PCI compliant. You should use EV SSL (Extended Validation Secure Sockets Layer) authentication. The SSL security seal will give your customers peace of mind, too.
Remember that part of PCI compliant means you do not store customer credit cards, expiration dates, and other sensitive data.
Firewalls and Layered Security
Use the strongest firewall protection you can find. In addition, make sure you layer your security.
Always include a real-time analytics tool as part of your cyber security program. Monitor your site often. Set up phone, text, and email alerts to warn you immediately of suspicious activity.
Always use tracking numbers. This will minimize chargeback fraud.
Backup and Disaster Recovery
This is the most important action you can take to protect your business. A weak disaster recovery plan can have devastating financial consequences. Make sure you have a secure data backup and recovery operation in place.
Tokenization has become a crucial method of protecting your eCommerce site from a data breach. The process of tokenization replaces your sensitive data with tokens. The tokens have unique identification symbols containing all the essential data without compromising its security.
This has become a great way, particularly for small and medium-sized businesses, to significantly and quickly enhance the company’s eCommerce website. It is simple, yet effective.
Using tokenization also minimizes the hassles associated with trying to comply with industry and government standards and regulations. These rules are complex and can require significant expenditure to remain compliant.
For example, there is a PayPal Credit Card Tokenization extension that allows your customers to save their payment information, yet still lets you remain PCI compliant. You can set up payment options, too, for your customers, using the credit card information provided at the time of purchase, yet not store the card information anywhere that hackers can access.
Understanding the problem and the vulnerabilities, and knowing processes and procedures you can put in place to mitigate your potential for a data breach, will help keep your eCommerce site safe. Review your current security setup. Stay abreast of current technologies like advances in tokenization, and protect your business.