7 eCommerce Fraud Prevention Techniques To Secure Your e-Store

secure e store

Recent studies reveal that online retailers are facing almost 2,06,000 attacks on their stores every month. So, we can say that as the popularity of eCommerce stores increases, the hacking opportunity hacking for cybercriminals also increases.

If you are an owner of an eCommerce store, you have to protect your business from fraudsters, who never lose a chance to steal the data from you. Scammers can hurt your business reputation, damage your brand loyalty, and spoil your sales and profits.

Therefore, this article is for you to make your online store fully protected and secure. Below we will discuss seven eCommerce fraud prevention techniques to secure your e-Store. You can also contact Dubai eCommerce Development Company for creating an eCommerce website with full security.

7 eCommerce Fraud Prevention Techniques To Secure Your e-Store:

Now, let us explain these seven fraud prevention techniques in detail so that you can completely make your e-Store a secure shopping place:

1. Conduct Regular Site Security Reviews:

You always have to be one step forward than your fraudsters. Detect the errors in your website security before criminals do. Conduct security reports frequently, and ask yourself certain questions to ensure your website security:

· Is the shopping cart and plugin up-to-date?

· Is the SSL certificate working?

· Do we back up the store data frequently?

· Are the account passwords strong enough and change monthly?

· Is the store PCI-DSS (Payment Card Industry Data Security Standard) compliant?

· Are we scanning our sites periodically for malware?

· Are we providing end-to-end encrypting communication?

· Have we excluded inactive plugins?

2. Use The Address Verification System (AVS):

Utilizing the AVS (Address Verification System) helps you a lot to secure your eCommerce store. It verifies the customer’s billing address.

AVS is an anti-fraud tool that is involved in most payment processing. Hence, you must have to check your payment processor that should be supported by AVS.

3. Setting A Strong Password For Your eCommerce Store:

Setting a complex password can protect your online business. It may be frustrating for you, but it is the most important factor to protect your ecommerce store from hackers’ attacks.

You can use different characters in your password to confuse the attackers and make it complicated for them to hijack your eCommerce store.

4. Avoid Getting Sensitive Customer Data:

Hackers can’t steal the data which you do not carry. Thus, you should only try to collect the necessary data which you need to complete a transaction process.

Collecting unnecessary data, such as Social Security numbers, birth dates, and some other sensitive data can be dangerous for your business and your customers, too. So, avoid collecting it from your customers and be safe!

5. Set Limits On Purchases:

Setting limits on the order and dollar value on your e-Store. It means one single account can only pay a selective amount at one time or in a single day.

It will help to reduce the fraud and scam risk and secure your online business from hackers or attackers.

6. Double-Check That The IP Address And Credit Card Address Match:

Your customers place an order through a unique, public IP address. From their IP address, you can know their city or region.

This way, if you find anything suspicious such as an unmatched city with their IP address, you can detect the error or fraud.

7. Monitor Your Site Frequently For Suspect Activity:

You understand your business very well. You also understand the most important spenders and their buying patterns. This is why by monitoring their accounts; you can suspect red flags, such as irregular billing and shipping information, and the physical location of such customers.

You can use some tools for this to track the customer’s IP addresses and inform yourself about the fraudsters. Moreover, you can also check the customer's email to know which email address they are using because; many frauds take place through emails.

Winding Up!

Protecting your eCommerce store from any fraud is the first step toward the successful journey of your business. This is the reason that we have given you some techniques to protect your online business from attackers. Follow the given techniques and spread your business throughout the world without being worried. Nevertheless, you should ensure to contact a specialized eCommerce development company (adwebstudio.com) for the proper implementation of security techniques to make your eCommerce website fully secured.