It is a fact that the online retail market is boosting up. Till 2021, the eCommerce sales will reach up to $4.5 trillion. This success of the eCommerce business is also attracting hackers to attack their businesses. Another cause of the attack of hackers in the eCommerce business is that there is an exploit gap in the online security of the stores. Nowadays, businessmen are advancing their online stores by introducing machine learning technology and site-search analytics. Due to the advancements in the field of online stores, we should try to keep up the security risks. For this reason, we have to get an idea about cyber threats. Here, experts of assignment writing services will discuss how cyber threats are impacting your eCommerce business.
DDoS (Distributed Denial of Service) attacks are known as the most common types of attacks. With the help of DDoS attacks, the hackers try to send a flood of requests from different untraceable IP addresses. After sending these requests, the hackers try to drive your website by the manipulation of the IoT devices. As a result, your entire site goes offline. As a result, it is easy for the attackers to attack your online stores with the help of malware. The frequency of the DDoS attacks is increasing day by day. For example, on Cyber Monday, the online stores experience more cyberattacks than the rest of the year. In each cyber-attack, the attackers can earn revenue of almost $35000.
Credit Card Fraud:
No doubt, credit card fraud is a type of classic and old fraud but it is becoming the most common type of fraud that an eCommerce website is facing. Its main reason is that it is difficult for us to detect this kind of fraud. If your business website is sending and receiving hundreds of fraudulent transactions, you must detect this kind of fraud. There are many kinds of credit card frauds. First, if you are asked to ship an order on an address rather than the billing address, this kind of transaction can be involved in credit card fraud. Second, if you are receiving high value than usual, this can also become the cause of credit card fraud. Third, if your business website is not able to make successful orders at a time, this can also become the cause of credit card fraud.
Malware is software that is designed by the cyber-criminals to get access to a computer. After getting access to a computer, the cyber-criminals can make lots of damages. With the help of malware attacks, it is possible for the hackers to take control of the computer networks, to spoof your identity, to send malicious emails to lots of people and to get complete access to all the data. If you are running a business website and you have installed a malware software, cyber-criminals will steal the private information of your customers. After stealing this private information from your website, they can use this information for various purposes. If you want to protect your eCommerce website from these kinds of malware attacks, you should try to install anti-virus software on your website. This antivirus software will save your website against security threats.
Bots are essential on the internet because these bots are specially designed programs. These bots can perform different tasks on the internet. These bots are divided into two categories. The first category is known as the good bots and the second category is known as the bad bots. Good bots are helpful for the search engines because these bots provide useful data to the search engines. On the other hand, bad bots are designed to harm a business website. These bad bots act just like human beings but these bots can steal private information from your business website.
It is one of the most essential methods of hackers to steal private information. With the help of E-skimming, hackers can steal credit card and other essential information from business websites. E-Skimming has become a significant security risk for eCommerce websites because, with the help of E-Skimming, the hackers can misguide the customers by sending misleading links. Moreover, there is also a possibility that hackers can send fake links to the payment process. As a result, they can easily get access to the credit card information and after stealing credit card information, they can make payments according to their choices. This kind of activity of hackers can decrease the reputation of your eCommerce website.