Sunday, August 21, 2022

5 Cyber Reasons Why You Should NOT Have An Ecommerce Store

 


Does everybody remember the heydays of the late ‘90s when anything .com related was making money?  I certainly do.  Those were exciting times, and in some ways, wish that they would come back.  Brings back the good times. 

Well apart from the .com, there was also a craze back then to start an online store.  After all, it was the era of Ecommerce, wasn’t it?  Back then, it was fairly easy to get one, as the major tech giants had their own version of it.  All you had to do was buy a plan, and you were off in the running.

But with the sheer advancements in technology, you can actually create your own online store with the current CMS that you are using for your website (for example, Word Press uses Woo Commerce as their customizable online store) and integrate the two together.  In fact, many ISPs are now even offering hosting plans in which you can build your own store using templates.

But whatever method you choose, online stores have always been and continue to be a prime target for the Cyberattacker.  This is especially the case of you are using the CMS to create the store, as you will most likely being using open-sourced APIs well.  So what can you do protect yourself in this regard?  Here are some key steps that you can follow:

1)     Be careful of what you store:

There is always the temptation to store all information and data about your customer, as this makes it easier for them to make future buying easy, and you want to them to come back as repeat customers with the most convenience possible.  But given how data conscience everybody is here today, your best bet is to store as minimal amount of information as possible, which even includes credit card numbers.  Remember, if your database gets hacked into, you will be held responsible for all this.  Not only will you have angry customers, but the chances are even higher that you can face an audit , from auditors.  You could also face a hefty financial penalty, which could wipe you out permanently.  Why go through all of this.  At the most you should have is customer first and last name, and email address.  That’s it, and nothing more.

2)     Keep track of all of the vulnerabilities that are out there:

This may sound like an impossible task to do, but the truth of the matter it is not.  You can make use of AI and ML tools, or you can even outsource this particular function to a reliable MSSP.  Also, one of your best resource in this regard is that of CISA.  They post the latest vulnerabilities on a regular basis (not sure if it is in real time or not).  You can check this out by visiting their website at:

https://www.cisa.gov/insights

3)     Keep checking your systems:

By this I mean always check that your online store is free from any vulnerabilities or gaps.  The best way to do this is via a Penetration Test.  While these kinds of tests are very comprehensive, the downside of them is that they are expensive.  For example, one test can easily cost you $30-$40,000.  Imagine if you had one every quarter for compliance reasons?  That can really hit the bottom line hard.  But the good news here is that many Pen Testing companies are offering hosted plans, which makes it very affordable.  There are even some that let you purchase a one-year license to run an unlimited amount of Pen Tests.

4)     Be careful of third-party vendors:

Creating an online store from scratch can be actually a very complex process.  For this reason, you may even want to consider outsourcing the development of it.  But just like anything else, be extremely careful here.  Make sure that whoever hire in the end, takes secure source coding very seriously, and that a thorough QA test is done at the end.  Insist that any open-sourced APIs are tested also and upgraded.  Also insist that you get access to each source code module, so you do your own testing.  Remember that in the end, you will be held responsible if anything goes wrong in this regard!!!

5)     Always keep a detailed history:

By this also, I mean keep a detailed log history of each and every thing that happens on your online store, even if it is non-financial in nature.  Always keep an eye for any suspicious transactions, or anything else that may seem to be out of the ordinary.  This could be the first warning sign of somebody trying to break into it.  Remember to have all of this data recorded to a SIEM, where it can be centrally stored and accessed.

My Thoughts On This:

As mentioned, before it may sound exciting to build your own store.  Btu consider the benefits versus the risks.  And most importantly, think long term.  If you really want to have an ecommerce store, my best recommendation would be to go a hosting provider that offers various different subscription levels, such as the Verizon Store that I am currently using. 

Just like a Cloud deployment, everything is pretty much taken care of for you, all you have to do is enter in the product/services, and its relevant pricing.  And off you go in wild world of online selling.

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