Websites data breaches are the most common type of cyberattacks. And websites loaded with business such as e-commerce sites are highly one vulnerable to malicious attacks as they contain personal and financial information of the users. Now, most of the e-commerce websites are built upon CMS platforms like WordPress. The benefit of having a WordPress website is that it offers different plugins, and by choosing one of the best WordPress security plugins we can effectively secure e-commerce websites.
Regardless of whether your e-commerce business is small or large, hackers are always looking out for vulnerabilities to try and access the website and eventually the user database. Even e-commerce giants such as eBay and Alibaba have been victims to cyberattack.
So it’s important that you understand the risks associated with security jeopardy and act accordingly.
The impact of cyberattack on business:
According to a CSO report, the hidden costs incurred after a security breach is more wounding than the direct costs which are generally associated with a data breach. As stated in the report, “the “hidden” costs can amount to 90 percent of the total business impact on an organization, and will most likely be experienced two years or more after the event.”
Impact on the customers:
Customers are the significant half of whom are affected the most after a cyberattack. In most cyberattack cases, hackers are able to gain access to the user database and steal valuable information of the users such as full name, home address, purchase history, credit/debit card number, and phone number.
As a result, the personal and financial details of the customers get exploited. This, in turn, means that the customers lose trust over your e-commerce business and causing you to lose valuable customers.
Vulnerability points of an e-commerce website:
Software security vulnerability is what makes the job of hackers easier. When your e-commerce website has weak points, hackers don’t hesitate to inject malicious codes and malware to gain access to the site’s exchequer.
- Input validations: a condition known as ‘buffer overflow’ can occur when a program attempts to copy exceeding data into what the buffer can hold. Hackers can corrupt the execution stack of a web application by using buffer overflow.
- User authentication: this is where the security of e-commerce websites get jeopardized. The standard two field log-in process which most e-commerce sites integrate can be easily sabotaged as through brute-force attacks – a technique which hackers use to decode encrypted data such as the username and password.
If you are running your business on WordPress platform, installing secure WordPress login plugin for clients can secure your website data.
Make your e-commerce website secure:
Now that you’ve gained some insight on the realization of the vulnerabilities and business impact of the cyberattacks. You should take immediate steps to fortify your e-commerce website today (as security breach can take place any moment).
The best and the easiest way to make your e-commerce website secure is by installing and integrating WordPress security plugin provided by SuperAuth.
