At least 29% of e-commerce website traffic has malicious intentions. Cybercriminals are always looking to intercept and exploit the personal and financial information exchanged during e-commerce transactions for identity theft and fraudulent purchases.

With the increased likelihood of attacks, you have no option other than fortifying your defenses — this way, hackers can’t intercept sensitive financial data. US Card Solutions has compiled a checklist of measures to beef up your eCommerce security.

How Do You Keep Transactions Secure During the E-commerce Process

Working with a reputable merchant service provider is one of the promising ways to deal with any eCommerce security issue. These service providers use advanced fraud detection and prevention solutions to keep online payment security issues at a minimum.

In fact, with a good merchant service provider on your side, your eCommerce business will hardly encounter issues like loss of customer trust. Apart from working with reputable merchant service providers, you can enhance your online payment security in the following ways.

Use Encryption

Encryption shouldn’t miss on your measures to protect sensitive data like payment details, transaction history, and personal identifiers. This security measure converts plaintext data into ciphertext that hackers cannot read, even if they intercept it.

Specifically, you should implement encryption at vulnerable touchpoints, such as during data transmission between the customer’s device and the e-commerce server. Moreover, you should use encryption to protect the database with sensitive customer information.

Utilize Multi-factor Authentication

Multi-factor authentication is another great way to deal with any eCommerce security issue. Typically, in this security measure, customers authorize transactions using a password alongside a biometric or a one-time code sent to their mobile device.

MFA is particularly crucial in e-commerce, where financial transactions and personal information exchanges occur frequently. The security measure rules out the chances of unauthorized users accessing someone’s account, making purchases, or initiating transactions.

Update Software Frequently

Running frequent software updates should also take a spot on the checklist of ways to fortify your eCommerce security. As a rule, you should update your e-commerce platform and third-party plugins.

Frequent software updates improve security in many ways. For one, your developers will patch up vulnerabilities identified in older versions to make new versions more secure. In addition, developers update encryption protocols to reduce the risk of unauthorized access.

Do Frequent Security Audits

Cybercriminals keep advancing their hacking tactics, just as security experts keep looking for better ways to prevent breaches. For this reason, you shouldn’t get complacent after enforcing security measures like MFA and encryption.

Instead, you should run regular audits to stay ahead of cybercriminals. During the security audits, specialists conduct penetration tests to ascertain if existing security measures work. Afterward, the security managers address weaknesses to improve your eCommerce security.

Train Staff on Security Practices

Training your staff on security matters is another great way to maximize security in e-commerce transactions. The security training empowers your IT team, customer representatives, and management to identify and respond to all sorts of cybersecurity threats.

Impactful security training should focus on all aspects of cybersecurity, including identifying phishing attempts and managing sensitive customer information. Moreover, the training should emphasize the benefits of upholding best practices like strong passwords.

Interested in Security During the E-commerce Process? Contact us Today!

Protecting your business from every eCommerce security issue is a challenging task. Your security team will need constant surveillance to identify and fix new attack vectors. However, with US Card Solutions, you can have an easier time enforcing eCommerce security.

We employ robust security standards to ensure that customer payment information is secure all the time. Browse our packages or contact us at (844) 931-1923 for more information on how we can help you maximize security in e-commerce transactions.

IMG Credit: NicoElNino