Online sales in any product sector are indispensable. As consumers shop more online than ever before, the security of these online sales sites is fundamental to providing an excellent shopping experience. Physical stores have security measures like alarms and cameras. So, let’s see what can be implemented to ensure the security of an ecommerce site.
This is the most common security breath and the most difficult to control. The techniques used by cybercriminals are constantly evolving, making it a major challenge to stay up-to-date on how to prevent it.
Stolen credit cards
Any online business will inevitably encounter this type of fraud. The perpetrator will try to gain access to the product before the retailer detects that the card is stolen. This type of fraud is particularly dangerous in ecommerce, which may include digital products that are delivered instantaneously.
The easiest way to mitigate fraudulent purchases is to use the POS gateway offered by a bank. By doing so, the bank assumes the responsibility and risk of validating the card.
However, if you use your own payment gateway, the onus is on you to detect and block possibly fraudulent payments. Some of the detection measures include ensuring that the card and IP country of the customer match or directly putting on hold all payments coming from suspicious countries.
Chargeback or Reversal
A chargeback or reversal occurs when your bank or payment provider withdraws a payment received, usually because of having accepted a fraudulent card.
In this case, fraud is carried out by exploiting a weakness in the code of the web page, allowing the attacker to change the price of the products and purchase at a significantly reduced cost.
The primary way to avoid this type of attack is to have a website whose code has been thoroughly examined for vulnerabilities by one or more people with the right know-how. If this is not an option, we recommend that you use third-party ecommerce platforms that offer greater security guarantees for ecommerce sites.
Ultimately, preventing fraud requires rigorously assessing the resources you have and deciding how much risk you are willing to take.
Learn more about how Adage can help you improve your ecommerce experience.