So, what should ecommerce vendors (and their service providers) be looking at with respect to security? Much of it is out of your hands, but if you entrust a third party to handle payment transactions, you have the right and the obligation to observe best practices. Look at it this way: they are aware of their high burden, and your constant inquiries will keep them on their toes.
Smaller online merchants should build a rigid threshold of in-house and exterior policies and procedures, say cybersecurity experts. Irrespective of compromised customer or internal data, the more down time a small vendor experiences, the greater the hit they take.
So what exactly are the secrets to protecting your data to the best of your ability? How about tighter access control and data security software? Both will vest more confidence and safety in your business. Business News writer Jeremy Bender reminds merchants that the big kids such as top-tier credit reporting agencies have fallen victim to mass data breaches, but they aren’t alone. The idea is to limit who may have a path to reaching your data using UTM (Unified Threat Management). Here’s a useful read on steps to take to protect your treasured business.
Whether you go all in with a deep dive, or just take cursory steps to ensure your security, your first priority is to be prepared for a cyberattack, however unlikely that is. Ransomware – the pernicious method of a nefarious party blackmailing your very access to your own data in exchange for a payoff – is not common among small sellers, but never say never. Develop an incident response plan to be ready for whatever comes. That means keep whatever backup data you can on a separate server. Your customers will love you for this, and your business may experience less costly down time.
It's a New, Scary World.