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Tag: Online Shopping

Cyber Security Challenges for Online Retailers in Holiday Season

With the holiday spirit on a high, it is the season for shopping.

Online shopping has taken over as the preferred method of shopping due to a change in consumer behavior. Since more and more people are choosing to shop online, businesses are shifting to online retailing to take advantage of the opportunity. However, this has also given a chance to cyber criminals to exploit vulnerabilities and trick users into fraud.

Given the rising cyber threats, here is a list of cyber security challenges online retailers need to be aware of this holiday season:

  1. Botnet Attacks: A botnet attack is an attack where a large number of internet-connected devices are infected by malware and are then used to launch cyber attacks as a bot network. Botnet attacks against online retailers or e-commerce sites usually involve advanced bots to bypass their cyber security system. An advanced bot is trained to imitate human behavior when accessing a browser. One of the most common forms of botnet attacks is Traffic Overload or DDoS attack. A large network of bots sends multiple redundant requests to the server of the online retailer site to cause traffic overload. As a result, the server is not able to receive requests from the customers resulting in Distributed Denial of Service. These attacks are majorly used to disrupt the business during peak shopping season.
  2. Unauthorized Account Access: These attacks rely on credential theft to access users’ or retailers’ accounts. User accounts typically include gift cards, discount vouchers, and stored financial information such as credit card details. While this can result in financial loss for users, threat actors can also target retailers using intercepted user accounts. They can make fraudulent purchases using merchants’ simple financing options over the holiday season.
  3. Malware/ Ransomware: As the holiday season is a busy time of the year for retailers, cybercriminals try to disrupt operations by installing malware or ransomware. Attackers may exploit vulnerabilities in the code or may run a social engineering attack to hack into the system.
  4. Redirection Attacks: Cybercriminals analyze online retailer websites to find vulnerabilities they can exploit. Once they find a vulnerability, they utilize this chance to insert malicious code injections. These codes are generally added to the payment page of the website. When a user clicks on this malicious code, he is redirected to a fake website that is built to mimic the original payments page. The user is requested to provide financial details to make the payment & finalize his purchase. These details are sent by the server to a threat actor who can use it for financial or credential theft.

Online retailers need to be cautious to prevent these attacks. Common preventive measures include installing regular updates to patch vulnerabilities, implementing access management strategies, promoting multi-factor authentication for user accounts, etc.

To know more about cyber security challenges for online retailers, contact Centex Technologies. You can contact Centex Technologies at Killeen (254) 213 – 4740, Dallas (972) 375 – 9654, Atlanta (404) 994 – 5074, and Austin (512) 956 – 5454.

Keeping Your Credit Card Online Transactions Safe Online

Technology has made world a global village as everything is just a click away. This has opened up a plethora of opportunities for businesses. Almost all the brands are there on the web enabling people to enjoy the comfort of shopping and transacting while sitting at their home or workplace. More and more people are opting to transact online using their credit cards.

However, other side of picture presents the stark reality of cyber-crimes. The rising number of frauds corroborate the importance of learning about ways to keep one’s sensitive information and credit card details safe while doing online transactions.

Here are some tips and tricks to keep your credit card online transactions safe online –

  • Password Protection – Make sure that you do not set very common passwords based on your date of birth, initials of phone number or name etc. as hackers can easily judge and crack them. Setting unique passwords for different transactions is an ideal move as it helps to avoid loss of sensitive information.
  • Check The URL – Do check the URL before clicking on any website link because hackers sometimes create legitimate looking sites which otherwise contain malware and can steal your credit card details. Ensure that the address begins with ‘https’ and not ‘http’ as sites with an https connection have higher level of security.
  • Avoid Using Public Networks – It is highly advisable to avoid using public networks and Wi- Fi if you are making payments through your credit card. Do not access bank accounts and other websites that require sensitive credentials and logins on public Wi-Fi networks.
  • Opt For Trusted Payment Gateways – While transacting through your credit card make sure that you opt for trusted payment gateways. Purchase the product from reputed merchants to lessen the risk of credit card fraud.
  • Don’t Store The Information – A pop up may appear on your computer screen when you are doing online banking or making payments online through your credit card. It might ask for permission to save your passwords and other details. The only way to safeguard yourself is to click on ‘NO’. Do not store or save important details like credit card number or passwords to ensure complete safety of information.
  • Understand What Sites Need – It is important to keep a note of information that you provide on various sites. Genuine sites and vendors would only ask for details such as the credit card number, expiry date, shipping address and a security code. Be wary of websites that ask for more information than what is generally required.
  • Add A Layer Of Security – The soaring figures of credit card frauds validate the importance of adding additional layers of security. Ask your bank to enable the security features and they will send a verification message or one time password before a payment is made through your credit card.
  • Regularly View Transaction History – Make it a habit to check your transaction history every now and then. This will enable you to detect any suspicious activity and take preventive measures as soon as possible.

For more information on IT Security, call Centex Technologies at (254) 213-4740.

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