The rapid growth of online shopping has transformed the retail landscape, making eCommerce a lucrative space for businesses. However, with this growth comes increased cyber risk, and online stores are becoming prime targets for cybercriminals. According to the 2022 Cybercrime Report, there was a 30% increase in cyberattacks on desktop and mobile platforms compared to the previous year. Retailers, who handle sensitive customer data like credit card information, are at heightened risk. In fact, around 24% of all cyberattacks target retail, according to Threat Intelligence reports.

In this blog, we’ll dive into the most common cyber threats facing eCommerce businesses, and how NVIS AI can help eliminate those risks through its cutting-edge security solutions.

Top cyber threats in eCommerce

Phishing attacks

Phishing remains one of the most prevalent and dangerous threats in eCommerce. Cybercriminals trick consumers by pretending to be legitimate organizations, often using fraudulent emails or websites to steal personal information such as login credentials and payment details. As retail shifts more toward digital channels, phishing attacks have become more sophisticated, with attackers crafting highly convincing emails and spoofed websites.

Malware infections

Malware is another significant threat to eCommerce platforms. Malicious software like viruses, ransomware, and spyware can infiltrate online stores through infected plugins, third-party apps, or corrupted files. Once malware finds its way into a system, it can steal sensitive data, disrupt operations, and in the case of ransomware, hold critical information hostage until a ransom is paid.

Credit card frauds

Cybercriminals have perfected methods to steal credit card information during the checkout process. This may include techniques like card skimming or using malware designed to capture payment details. Online retailers, especially those without proper security protocols, are prime targets for such fraud, putting customer data at risk.

Distributed Denial of Service (DDoS) attacks

A DDoS attack aims to flood an eCommerce website’s server with false traffic, overloading it and making it inaccessible to real customers. Such attacks can cripple an online store, causing severe revenue loss as customers are unable to browse or complete purchases.

Insider threats

Insider threats often come from employees or trusted partners who have access to critical systems and data. Whether due to negligence or malicious intent, insider actions can jeopardize the security of an eCommerce platform. Such breaches can result in data leaks, theft of sensitive customer information, or even intentional sabotage.

Third-party vulnerabilities

Many online stores use third-party plugins, services, or integrations to enhance functionality. However, these third-party services can introduce vulnerabilities into a retailer's system. A security flaw in a third-party plugin could allow attackers to infiltrate the retailer's systems and steal customer data.

How NVIS AI can mitigate these threats

NVIS AI offers advanced cybersecurity solutions that can help eliminate the risks posed by these top eCommerce threats. By using cutting-edge technologies like Layer 2 encryption, Zero Trust architecture, and blockchain technology, NVIS AI provides a robust and dynamic security model.

Eliminating phishing attacks with Zero Trust architecture

Phishing attacks rely on tricking users into disclosing sensitive information. NVIS AI's Zero Trust approach ensures that no entity, whether internal or external, is automatically trusted. Every access request is authenticated and verified, whether it comes from an employee, customer, or third-party service. This makes it extremely difficult for phishing attempts to succeed, as the attacker would not be able to pass NVIS AI’s strict authentication requirements.

Preventing malware infections with Layer 2 encryption

Malware can compromise an eCommerce platform by infecting files or third-party apps. NVIS AI’s Layer 2 encryption protects all data at the data link layer, ensuring that communications within the network remain encrypted and secure. Even if an attacker manages to breach a system, they won’t be able to extract useful data as the information remains encrypted at all times.

No public attack surface

Unlike traditional security solutions, NVIS AI does not expose any public IP addresses, making it impossible for attackers to locate and target the network. This significantly reduces the risk of DDoS attacks and other cyber threats.

Conclusion

The eCommerce industry continues to be a high-profile target for cybercriminals, with attacks growing in sophistication and frequency. From phishing and malware infections to insider threats and DDoS attacks, online retailers face a wide range of cyber risks.

NVIS AI offers a comprehensive solution that eliminates these threats through advanced encryption, decentralized architecture, and Zero Trust policies. By implementing NVIS AI’s security model, eCommerce businesses can protect their platforms from cyberattacks, safeguard sensitive customer data, and ensure uninterrupted service.

With NVIS AI, eCommerce companies can focus on growth and customer satisfaction without the constant worry of cyber threats. Secure your eCommerce platform today and build a future-proof defense with NVIS AI’s cutting-edge security technologies.

Ready to secure your bank’s future? Schedule a demo or contact our team of experts today.