The Risky Business of Mobile Security and Holiday Shopping

Secure credit card processing

E-Commerce has seen continuous growth for over a decade now and 2013 worldwide business to customer sales amounted to more than $1 trillion. Same as regular shopping, e-commerce sales record a huge increase during holiday season. Other than holidays that boost brick and mortar retail stores’ sales, like Christmas, Valentine’s Day and Black Friday, bigger e-commerce stores also create special offers for a few unique online shopping holidays. These include:

  • Cyber Monday– this is the first Monday after Black Friday and it’s coming with the same shopping fuss all around the internet. Some retail chains continue offering discounts, even after this day and extend their offers to the whole week (Cyber Week).
  • Single’s Day – last year we witnessed new shopping phenomenon when one of the biggest Chinese online stores decided to turn minor Chinese holiday into the biggest shopping day in the world.

E-commerce entrepreneurs have a lot of work during these holidays, mainly due to increased traffic on their websites. Since smartphones are becoming more popular than ever, holiday sales growth is the most visible in mobile shopping statistics. Comparing to last year, number of mobile purchases doubled, while purchases from tablet devices quadrupled during this year. Some predictions even say that in the end of 2015, number of mobile and tablet purchases will reach 18 million. High holiday traffic means more security risks. In this article we presented several effective ways for e-commerce website administrators to protect their and their customer’s sensitive data from cyber criminals.

Identify Fraudulent Visitors

E-commerce administrators should take precaution measures before the holiday season starts. They should:

  • Spoofers – They should search for visitors who are trying to spoof mobile devices. These are more likely to have malicious intent
  • Jail broken iOS devices – these phones are either stolen or hacked so they can download paid AppStore apps. Users with jail-broken iOS, are also much more likely to commit acts of cyber crime
  • Android users with mini browser alternative – these are often used by the hackers to show a US based IP address, while communicating from elsewhere
  • Track consumers – Use advanced tracking and keep all data, in order to recognize and block users who try to apply malware software, like: man-in-the-browser and man-in-the-mobile Trojans

Apply Security Measures

Security should be tightened while waiting for the holiday season. These are some of the measures e-commerce administrators should apply:

  • Mobile app security testing – security should be the highest priority during all app building cycles. Apps should be customized to come with security strategies that are able to answer the latest mobile security challenges, rather than having generic and outdated solutions
  • SSL and PCI compliancy– admins should use strong Secure Socket Layer authentication and run frequent PCI scans
  • Don’t store sensitive data – customers’ credit card and personal data shouldn’t be stored on company servers. Data breach doesn’t happen when there’s no data
  • Address and Card verification systems – these systems should be applied in order to reduce fraudulent attempts
  • Set up alerts– alerts should turn on in case several suspicious transactions or data breach attempts are coming from the same IP address. These alerts should be connected with admin’s smartphone
  • Introduce remote software systems– when cyber-attack occurs, website and app administrators need to react fast, which is why remote server monitoring systems are very useful
  • Patch regularly– security systems should be patched, the moment new versions are released

Educate Customers and Employees

Both customers and employees should be educated about safety measures and precaution. This education should include:

  • Employee’s security training – all company employees should be introduced to cyber security, especially if the company is working on BYOD bases. They should know about safe use of e mail, text messengers and social media accounts
  • Require strong passwords from customers – strong passwords, especially passphrases are harder to break
  • Customer education– add mobile shopping security articles to company’s blog, send them over newsletter and provide links to them on product pages.

With e-commerce being such a competitive niche, only companies that enable customers to shop freely and without fear can stay competitive, especially during those shop-till-you-drop holidays.

 

Guest Author: Nate M. Vickery

Nate M. Vickery is a business consultant from Sydney, Australia. He is mostly engaged in providing entrepreneurs and small business owners with management and marketing advice. He is also the editor in chief on Bizzmarkblog.com.

We’d love to hear your thoughts and experiences on this post. Please do leave a comment.

 

* Secure credit card image sourced from Perspecsys Photos licensed under Creative Commons Attribution-ShareAlike 2.0 Generic (CC BY-SA 2.0) https://creativecommons.org/licenses/by-sa/2.0/

 

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s