It’s no secret that cybersecurity is an epidemic problem that affects online businesses on a global scale. E-commerce businesses are especially affected by data breaches because it weakens the consumer’s trust in online businesses to protect their personal data. In response to the growing number of breaches, governments and enterprises alike are stepping up to the plate to provide sustainable solutions to the problem.
The UK is aiming to become a world leader in cybersecurity by investing a substantial amount of money (to the tune of £70 million) in the Industrial Strategy Challenge Fund. The fund represents the government’s commitment to increase funding in research and development by £4.7 billion over a four year period. One of the primary goals of the investment will be to supply the industry with the money necessary to design and develop state-of-the-art hardware that’s more secure and resilient to common cyber threats.
The logic stems from the fact that cybercriminals are constantly finding new ways to exploit current technology, so the best way to combat future attacks is to design chips and hardware with stronger security features built into them to outpace cyber threats. However, this means businesses will have to invest in new IT systems as it rolls out to keep their security measures up to par.
For the time being, online business owners need to do everything in their power to address the privacy concerns of their users. In some cases, this might mean investing in more secure and modern e-commerce platforms that offer security features, such as TLS (still commonly known as SSL) protection and security software to protect against malware attacks, or simply generating new, strong admin passwords on a regular basis.
The fact is, there is no way to provide customers with a 100% guarantee their personal data is safe, but there are actions webmasters and companies can do to make their websites a lot safer to use by their customers. To help you learn more about how you can secure your site from cyber threats, Wikibuy has laid out 15 steps in the infographic below.
*** This is a Security Bloggers Network syndicated blog from IT Security Expert Blog authored by SecurityExpert. Read the original post at: http://feedproxy.google.com/~r/securityexpert/~3/eQTyEOhZHPQ/how-online-businesses-can-address.html