eCommerce

eCommerce has become an integral part of the global, latter-day economy, and safeguarding it has become hectic. The introduction of eCommerce has broken all the rules of traditional methods of shopping and running businesses. This industry is growing dramatically and has raised revenue by up to 114%.

Overview
eCommerce

Overview Fintech Sector

eCommerce is an umbrella term for any kind of transaction made over the internet, which incorporates various kinds of stores and services that lets you avail of almost everything present over the web from booking a trip to leveraging cyber security solutions.

Mushrooming at a CAGR of 56-60%, eCommerce may potentially expand to US$16–20 billion in 2025. Kratikal assists the retailer to get compliant, achieving better shielding for vulnerable data, and becoming capable to combat the most advanced security threats while alleviating costs. Read More...

How Vital Is The eCommerce Industry

Made online shopping and business operations effortless

Introduced a variety of services and products

Generated numerous doors to employment

Reduced transportation and maintenance costs

Data Breaches Through Various Ways

Phishing

Phishing is a tactic used to shoot false communications, seems to come from an authentic source, over the mail in order to invade users’ credentials or other sensitive information for notorious activity

Insider Threat

A kind of threat is caused by an employee with legitimate or privileged access to the company’s assets, either intentionally or mistakenly, which can be jeopardized by malicious actors, in case, a data prevention policy is missing.

Vulnerable Software/Application

Software or application flaws could be exploited, which would ultimately result in data breaching. For financial and other reasons, cybercriminals identify the app's weakness and compromise it.

Process For Establishing A Secure Environment

To ensure that users' data remain safe and accessible, put efforts into your remediation attempts on the flaws that cause the most threats. Assess critical reporting metrics that aid you in optimizing your security tactic and the effectiveness of the flow of communication of your security team.

External & Internal network vulnerability assessments are two sorts of network vulnerability auditing.

Internal Network Vulnerability Assessment - It is beneficial in determining how deeply and freely cyber criminals can surf laterally through your internal network following an external vulnerability.

External Network Vulnerability Assessment - It not just assists in the prevention and addressing of cyber-attacks, but also exposes flaws in your internal or external network's internet-front assets, for instance, mail, web, and FTP servers.

How To Fix The Problem?

Vulnerability Assessment & Penetration Testing

Firms should implement the following proactive steps to realize the probability of data breaching-
a) A thorough Source Code Review is mandatory to pinpoint the data leak risk. For all significant information assets, data classification & respective Security Assessment is needed.
b) Implement proper DLP (data leakage and loss prevention) solutions.
c) For all vital information assets, data categorization and individual security risk assessment are needed.
d) Disabling CD drives and USB ports in desktop computers and laptops.

Tech Expertise

Companies are making efforts to keep up with their shields as cyber threats are growing rapidly. It's high time for organizations to give tech training to their employees so that they can become more vigilant and efficient to identify malicious attempts.

Cyber Awareness

Cyber Awareness Solutions makes employees vigilant toward their personal data & device protection. Kratikal runs a phishing awareness campaign to educate people about the latest cyber threats and phishing techniques.

Comply With Regulations

In order to protect online businesses from hefty penalties in case of any invasion, they must adhere to the following regulations:

Information Technologies Act, 2000 - The Information Technologies Act, 2000 aims at regulating the usage of the internet by penalizing the person for uploading any sensitive/obscene information or hijacking or compromising the data from the electronic machines of another person.

Payment & Settlements Systems Act, 2007 - This Act outlines that eCommerce businesses will succeed as a payment system if it strictly follows the Rules & regulations specified by RBI for online transactions.

Our Approach

As a CERT-In empanelled company, we believe that security is all about following efficient and error-free processes, concerning which, we focus on aiding our e-Commerce clients in becoming compliant and improving their security posture.

Kratikal offers you better security designed to keep your business protected and make sure that you have the technologies and tools that you require to meet your potential business goals. We provide:

Compliance personnel that aids you throughout the process
Integrated information security tools and technologies via a solitary source.
24 x 7 x 365 support with dedicated security and compliance experts.
Cloud-based management resources to your data.

FAQ's

Why do eCommerce businesses need cybersecurity services?

The industry has hefty cases where cybercriminals have attacked and stolen the inventory data, and personal information of customers, like credit card details and addresses. Cybersecurity services are necessary for eCommerce businesses because attackers may harm a company's online store using viruses or ransomware attacks.

What are the most common security attacks in eCommerce?

Here are some of the most common cyber threats that can harm the security of eCommerce:
• Phishing
• Malware
• DDoS Attacks
• The exploitation of Known Vulnerabilities
• Bots

How can I make my eCommerce website secure?

One can make their eCommerce websites fully protected and secure by
• Picking a safe website host & eCommerce platform
• Conducting periodic SQL checks
• Letting experts do the payment and data processing
• Keeping your website patched
• Keeping a check on what you download & integrate
• Periodic and orderly VAPT