eCommerce Security Myths You Should Stop Believing Right Now

Yaroslav Ketsman Content Writer
| 3 min read
eCommerce security symbol on smartphone screen
eCommerce security symbol on smartphone screen

Online retailers share quite a few similarities with brick-and-mortar stores. Both have to think about attracting visitors, providing good customer experience, and creating effective marketing campaigns. However, something they both have in common but often slips through the cracks is security. Just like any physical store, online stores have to take steps to protect themselves from thieves that operate on the web. The first step is being well informed about eCommerce security, and being able to distinguish between fact and myth. Here are a few that are the most common.

Hackers target larger businesses instead of smaller ones.

This is false. In fact, the opposite is true. Roughly 67% of the world’s SMBs (small and medium businesses with 1000 employees or fewer) have experienced a cyberattack. The reason why attacks on smaller businesses are so common is twofold:

  • They are easier to target since most of them don’t have a very sophisticated security system in place (or don’t have any whatsoever).
  • They are “safer” to target for hackers, as the attack on a larger enterprise would attract a lot of unwanted attention.

Therefore, know that your online store can be targeted, no matter the size.

Investing in eCommerce security is a waste of money.

As that old saying goes, “Better safe than sorry”, and this cannot be more true in the case of eCommerce security. Having a security team that constantly monitors your website may seem like a waste of resources, but only until it becomes necessary. It can greatly reduce damages to your business, or even save it from closure. In fact, an estimated 60% of all SMBs could go out of business because of the effects of a cyberattack. Therefore, having a team, or at least one security expert in place is something you should definitely consider.

Doing a scan of the website will be enough.

Dealing with eCommerce security threats is a constant battle. Hackers are trying to find new ways to breach your security all the time. Therefore, you should constantly look for ways of improving your security, or, better yet, have a team specifically dedicated to this task.

Improving Your Magento Security banner

The security team is solely responsible for protecting the website.

If you want to protect your eCommerce store – you should make it a team effort. All of your employees should be aware of the most important security practices and follow them strictly. Having a security team will, again, prove to be beneficial. They can stay on top of the latest developments, and give timely updates to your entire staff.

You should always treat eCommerce security with the utmost importance. This will allow you to safely run your business without fear of attacks and breaches. To begin with, there are quite a few things that you can do yourself to protect your online store. In addition, an experienced team of developers can help you set up and adjust your website with the latest security practices in mind. If you need such a team, contact us!

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