Every day we keep hearing more and more about credit card frauds that cause online businesses huge troubles. Not only that cybercriminals steal money from online businesses but their wrongdoings can completely ruin a company’s reputation. So, if you’re running an online business, you might want to think about investing some money and effort in protecting your company from credit card fraud. And if you’re wondering how to do this, here are four ways that are guaranteed to do the trick.
Tracking the location of your customers
One of the first things you should do when trying to protect your business from credit card fraud is start tracking your customers’ IP addresses. This way, you’ll be able to notice if there any significant changes of location have been made. Of course, even if you notice a change has been made, it doesn’t mean you’ve been a victim of a fraud, since a customer of yours can always decide to shop from a different location or relocate. In situations like this, you shouldn’t be overly protective, as your customers will start thinking you don’t trust them which is never a good thing. A simple additional step of verification for those who don’t shop from their usual location is more than enough.
Identify proxy servers
We’ve talked about tracking your customers’ IP addresses but that may not always be enough to keep you safe from fraudsters. These cybercriminals might decide to use an anonymous proxy server in order to keep their real location secret. For example, let’s say a fraudster from Brazil wants to buy something from you using a stolen credit card with a billing address in New York. They’ll use a proxy to hide their real IP address and use one that appears to have come from New York. This tends to work simply because the IP address they use matches the location on the billing address. Luckily, there are free websites you can use to check whether or not a given IP is hiding behind a proxy. It might be a good idea to turn to these every time you notice something suspicious.
Achieve PCI DSS compliance
Another great way to keep your online business safe from credit card fraud is to make sure you’re following PCI DSS. This is short for “Payment Card Industry Data Security Standard” and can be defined as an information security standard for companies that handle credit cards. In order to achieve PCI DSS compliance, you’ll need to follow a whole range of methods and protocols for keeping your online business safe. This includes things such as network protection and card safety. Investing in network protection is extremely important since you need a good anti-malware software that’s going to keep fraudsters at bay. Tokenization is another interesting option, as it includes replacing your data with a token that hackers have no use of.
Stay updated on credit card frauds
We’ve already mentioned that credit card frauds tend to happen quite often. So, besides protecting your online business from these you might want to stay updated on the latest credit card frauds that have taken place. That way, you’ll know what hackers are up to and what you can do to prevent them from targeting your online business. And don’t just keep an eye on card, number and identity frauds but stay aware of ransomware and invoice frauds as well. Hackers are constantly becoming more dangerous and we can’t possibly imagine what they’re going to come up with next.
While there are so many things you’ll have to do to keep your online business afloat, one of the most important goals you’ll need to set is protecting your business from credit card fraud. Fail to do this, and you might end up losing money and having your reputation tainted.
The Cloud and SMBs – a Powerful Symbiosis
While animals are undoubtedly stronger than humans, it is the advantage of the human species to adjust the environment to its benefit. Still, we never had the ability to resist the urge created by valuable items, which is why sooner or later every discovery of our civilization gets turned towards making profit. Unrelated to history, anthropology and psychology, when it first came to existence, the purpose of cloud was a safe storage of photos and other personal memorabilia in digital form- but not anymore. Today, cloud technology is one of the greatest weapons that SMBs have against their much larger counterparts. Here are few reasons why.
Lower IT Infrastructure Costs
When you start a business, one of the first concerns you face is whether to buy or rent hardware. The first option may be cheaper in the long run, but it requires more capital and it does make things more complicated when you have to replace what you have with a newer model. Similar thing happens with software (whether to subscribe annually or monthly), business networks and various other issues. All of this becomes much easier with cloud computing, seeing how it doesn’t require much investment. What you use is what you pay for.
When it comes to paying proportionally to the resources you use, scalability is another great advantage of going with cloud because there is no guarantee that your workload won’t increase or diminish over time. Furthermore, some industries face great oscillations in work influx through different seasons but with cloud you can change the size of your operations on a monthly basis. In this way, you save some money without having to readjust your prices or lay people off. This is important because both of these things can act as a deal breaker when you find yourself in the midst of the season.
Everything in One Place
Another advantage of the cloud is that it becomes much easier to integrate all your online presence and confine it into a single spot. Sometimes you won’t deal with a single website, but several of them leading to the same place, and even though they don’t see the same amount of traffic, they should all have support of equal quality just in case. Imagine a situation where you have a .com website, but someone takes your exact domain name with a different extension. This is a disaster you simply need to avert at all costs, which means you should buy some of the most popular variations of your domain names. In order not to spend a small fortune on this, you need to find an affordable place where you are going to buy domain name or several of them.
Much greater security is also a great advantage because SMBs are always an attractive target to hackers. On one hand, they don’t have the same value to their name as some of the major conglomerates out there, but what they also don’t have is the same level of security. Adequate cyber-security team would cost a small fortune in equipment and paychecks (provided you decided to create an in-house department). On the other hand, you can just go with cloud and let your provider’s team deal with this issue.
USB drives can get lost, HDDs can get destroyed and other equipment might get damaged, misplaced or broken beyond repair. Now imagine you had volumes of data and years of hard work on one of these devices. Just thinking about losing all that hard work is enough to send chills down your spine. However, if you store something in the digital environment, all you need is a security clearance and you will have access to all your data. Provided it is safe from hackers (as already mentioned above) your data will be there to wait for you regardless of which device you access it from.
One only needs to take a look at the business world today and notice that things are definitely changing. No longer are only the major brands able to survive and SMBs and startups doomed to failure. The internet, the social media, and most importantly, cloud storage and computing, has changed this situation greatly.
Ensuring company safety online
Internet security is crucial for a successful business
Although there are a few ways to secure your computer and to go online without having to worry about catching any viruses or collecting any malware, but it is not often the case. Malicious malware is around every corner, and it is quite hard to stay protected at all times. It is very important that you never go online without proper antivirus protection, because there is a big chance that you will get hacked, and that you will spread the virus. This is especially important for businesses as they have sensitive data which might get incriminated if security is low and if employees are not careful.
Keeping your data safe is very important
In order to keep your data and sensitive information secured, and that you do not have to worry about anything leaking, it is very important that you use data encryption. Even if you think that you have great security measures installed, chances are that data can be easily obtainable by someone who is good at hacking, and extracting sensitive information is not hard nowadays, making your company very vulnerable. Moreover, the data stolen can be used for blackmail or for ruining your company, but just simply making sure that your data is hard to extract, you have taken the first step towards good security.
Securing your company
Your IT employees cannot do everything and at all times to secure all your employees properly, in most cases it will be necessary to have a good internet provider which will have your company secured. You can also visit Domain.me to help and to educate your employees in terms of how to be secured on the Internet and how to stay clear of malicious malware and software that might harm your computers. Most importantly, they will be able to learn different ways to keep data safe and secured, without having to learn anything too difficult or too demanding.
Always have a backup
It is a good idea to force your employees to create regular backups of everything they do, and if they have hard backups as well, it will be that much better as you can be assured that nothing can be leaked and that there is a low chance that anything might be stolen. However, be careful of the different methods to backup sensitive data, as some are better than the others, but in some cases the service or system might be prone to get attacked as well. Make sure that your backup security is updated regularly and that it is tested for any possible threat to be sure that nothing can go through.
The range of online threats
To keep your employees updated and safe from all the possible threats online, it will be necessary to hold frequent workshops in order to educate them. Moreover, you need to educate your workforce on how to be safe on the Internet, and how to go about leaving little to no traces behind, so that no sensitive data can be stolen or leaked. In essence, keeping your workers updated and educated about what it is they need to do in order to stay safe and secured online is very crucial, and in most cases it could mean the difference of a successful company.
10 Website Security Issues Every Website Owner Should Be Aware Of
Beyond security reported that, Web sites are unfortunately prone to security risks. And so are any networks to which web servers are connected. Setting aside risks created by employee use or misuse of network resources, your web server and the site it hosts present your most serious sources of security risk.
However sitepronews explained that Technology has become more advanced, and with it, hack attacks in the online world are increasing at an alarming rate.
Hackers use known vulnerabilities in third-party software to target your website and web server, and use it for their advantage.
The object of this maybe just to deface your website, steal your confidential client data, or even worse, use your server resources to perform illegal activities.
There are some simple tips you can leverage to strengthen your website software and sleep with peace of mind.
1. XSS or Cross Site Scripting
XSS occurs when a hacker embeds scripting code into a web form or url, and run malicious code to change your web visitor’s experience and steal passwords or other data.
XSS can also be persistent in nature, where an attacker can manipulate a specific web page and show it as a login screen to users. The recent XSS comment hack on WordPress 4.2 is an example of such a permanent loophole.
2. SQL Injection
SQL injection occurs when a hacker uses a web form field or URL parameter to manipulate your database. Almost all web platforms have a database and generally open source CMS platforms maintain dynamic aspects of the website in the database.
3. DoS or Denial of Service Attack
Denial of Service (DoS) or Distributed Denial of Service (DDos) attacks are by far the most notorious kinds of attacks.
That is because, any level of hacker with a small investment can bombard a website, with millions of requests, and make it look like they are from legit users.
This eventually crashes the web server, and takes the site offline, requiring manual intervention to bring it back online.
4. Weak Passwords
We should all use complex passwords, because the weakest link is all it takes to break the chain. It is imperative to use strong passwords for admin areas, but equally important for all users to protect the security of their accounts.
One compromised account can lead to another and that could lead to the admin account being hacked. It is recommended that passwords have a minimum of 8 letters, digits and special characters to avoid quick password guesses.
5. Brute-force Attack
These attacks are trial-n-error methods to guess your username and password. Weak passwords are prone to getting hacked easily.
Methods like temporary blocking of IP’s and accounts, and multi-factor authentication, help mitigate such attacks.
6. Code Injection
Websites with file upload capability, or sites missing proper client and server side form validation, can be vulnerable.
The risk is that any file uploaded, could contain a script which could be leveraged as root-kit ie. administrator access to your website.
Lack of form validation on simple form fields could lead to malicious code being inserted into the database, and could cause undesirable results to your website.
7. Unencrypted Protocol
An unencrypted channel allows man-in-middle attacks to steal information from your users.
The use of a security certificate SSL, whenever passing personal information between the website and web server or database is recommended.
8. Debug Mode on Production Server
Some developers may accidentally enable debug mode on the live production server, which dumps extensive error logs to the browser.
A hacker can then obtain valuable information about the software used by the webserver and target an attack much better. It’s crucial to hide as much internal information about your server as possible to minimize and delay any attacks.
9. Old Software Versions
It may seem obvious, but ensuring you keep all software up to date is vital in keeping your site secure. This applies to both the server operating system and any software you may be running on your website such as a CMS or forum.
When website security holes are found in software, hackers are quick to abuse them.
10. No Backup Plan
No matter how vigilant you are, attackers can find new loopholes to target your website. So in addition to preventative measures, you should also have a backup-restore plan.
Just in case your site is compromised, you should have a team which can quickly restore the last known backup, and avoid reputation and sales loss.