Cyberattack threatens SMEs in e-commerce

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Experts are warning business against cyberattack. Legally, companies need to keep customer data safe.

SMEs are turning to e-commerce and cross-border e-commerce. Experts are warning business against cyberattack. Legally, companies need to keep customer data safe. Therefore, they need to use professional cybersecurity software.

Coronavirus pandemic once more showed the importance of e-commerce in business. Various firms carried their commercial operations from the physical store to online stores. Therefore, increasing e-commerce cyber hackers are striving. SMEs might face cyber threads.

Cybersecurity experts emphasise that e-commerce and cross-border e-commerce firms that do not take precautions are under great risk. Especially firms without necessary cyberthreat infrastructure are targeted by cyberhackers. Experts state that SMEs that do not take precautions might experience financial, legal and reputation problems.

Cyberattack methods

According to experts, the most common attacks in the cyberspace are as follows:

  • Trojan
  • Malware
  • Phishing
  • Ransomware
  • DDoS attacks
  • Phishing
  • Credit card theft

Which precautions should be taken against cyberattacks?

Experts state that direct web server must be used for e-commerce infrastructure. Experts indicate the importance of e-commerce software and security components and the following precautions should be taken against cyberattacks:

  • E-commerce website infrastructure and software must be up-to-date.
  • Periodic penetration tests must be undertaken.
  • Security of cloud-based e-commerce website must be researched.
  • SSL certificate must be used.
  • Data must be encrypted and transferred.
  • Data must be encrypted and read-only by the recipient.
  • A strong firewall must be used.
  • Internal and external network security must be ensured.
  • Fundamental components of network security must be up-to-date.
  • All devices and servers must have updated antivirus software.
  • Strong passwords must be mandatory; two-stage verification log-in should be used.
  • Personal and financial data should not be stored unless legally necessary.
  • Data must have a back-up and the back-up system must have security.
  • Personnel must be trained against cyberattack risks.

Experts remark that necessary investments against cyberattack risks must not be disregarded.

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