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Types of Security Threats to an E-commerce Company

<br>Cybersecurity has become one of the crucial features of the e-commerce industry. Without maintaining proper security practices, online merchants put themselves and their customers at high risk for payment fraud. Smaller companies have a higher risk of security scams due to inadequate internet security from cybercrimes. Read our blog..<br>

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Types of Security Threats to an E-commerce Company

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  1. Security Threats Haunting the E-Commerce Industry. How Can Security Testing Help?

  2. As being a QA specialist, then according to me your one of the biggest fear is permitting something large to get past. Cybersecurity has become one of the crucial features of the e-commerce industry. Without maintaining proper security practices, online merchants put themselves and their customers at high risk for payment fraud. Smaller companies have a higher risk of security scams due to inadequate internet security from cybercrimes. it. Although you are in this occupation, you might skip something that can make your boss behaves unconscious and scream at you. If not, at least you would be responsible for several difficult queries thrown at you. You might not be capable to protect yourself instantly; but, the response could vary on basis of the situation and the definite purpose behind the skip. Whatever be the case, you must not disaffect yourself totally and put the whole liability on According to recent reports, one in five small business retailers falls prey to credit card fraud every year. the software developers. Not just hacking, but accepting fraudulent payment has also become a huge risk for all e-commerce companies. These security issues not consequences but also hamper a brand’s reputation. only cause financial Especially at the time of the big sales like Black Friday and Cyber Monday, these fraudulent activities increase as the number of customers on the website increases. Last year’s Black Friday sale records speak for themselves.

  3. According to Adobe Analytics, U.S. retailers earned a record $7.9 billion on November 24, 2017, an increase of nearly 18% from 2016. This activity pushed Amazon founder Jeff Bezos's net worth past $100 billion the day after 2017 Thanksgiving.

  4. Threats For E-commerce Websites: Here Are The Main Forms Of Security Threats To An E-commerce Company: 1. Phishing Attacks Phishing attacks target user data like login credentials and credit card numbers. These attacks use social engineering methods where an attacker poses as a trusted entity and deceives a victim into opening an email or a text message.

  5. 2. Credit Card Fraud: Mobile App testing helps in releasing the software faster and with great efficiency. In order to release a failsafe software and build trust with your consumers.

  6. 3. Cross Site Scripting This form of attack gives attackers the access to the user’s information that is stored in the user’s computer. In this attack, the attacker inserts a JavaScript snippet on a vulnerable web page, and to a browser, it looks like a normal script and is executed in a normal manner. These attacks leave the website vulnerable to phishing attempts or malware installation.

  7. 4. SQL Injection Website security SQL injection can shake any website using an SQL database, which includes various well-known e-commerce platforms like Magento. In this type of attack, a hacker inserts malicious SQL statements in a payload which looks like an authentic SQL inquiry. The attacker creates an administrative account for himself, erase database information if they manage to access the database. entries, or view private

  8. 5. Distributed Denial of Service or DDoS Attacks High-profile e-commerce sites are susceptible to the DDoS attacks, and smaller e-commerce sites may also be vulnerable if their DNS provider is targeted. This attack aims to take down the site by disturbing servers with requests. This attack overloads the servers, slowing them down considerably and taking the site temporarily offline, averting legitimate users from accessing the site or completing orders.

  9. 6. Bad Bots Aiming at E-commerce Industry Bots are prevailing all over the Internet, and they can be both good and bad. Good bots are generally used by search engines to index and crawl the websites for search results. Whereas, bad bots gather information from websites such as card details, login details, etc. or take over real accounts by guesstimating the passwords.

  10. According to a recent industry report, 97% of sites are hit with some sort of bad bots. For e-commerce sites, bad bots account for an average of 15.6% of a website’s traffic, with good bots accounting for 9.3% of traffic. It’s a huge risk to the e-commerce websites and applications.

  11. Solution: Security Testing Using the right security testing methods, e-commerce companies can minimize the threat of fraud and instill trust within their customer base. By performing stringent security tests on an e-commerce website/application, companies can significantly reduce the number of errors and create a shield for your website before it is launched in the market. Hence, before your company becomes prey to the attackers and before it gets too late, make sure you evaluate your current testing program and consider executing end-to-end security testing.

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