Welcome Guest

Home Article Managing A Business Technology  Six ways to protect online business transactions

Six ways to protect online business transactions

With eCommerce market booming in India, organisations can deploy some simple tricks to secure their online business and transactions.

Tags: online fraud, cybercrime, online business transactions, e-commerce, online shopping

BY Guest Author  |  Mar 23, 2015 comments ( 0 ) |

The new generation of customers has a greater inclination towards ordering things online as they can choose from an abundant range of websites at competitive prices. Sellers are also leveraging the online platforms to expand their businesses. Therefore, there is a need to ensure utmost security for these online platforms.

With eCommerce market booming in India, organisations can deploy some simple tricks to secure their online business and transactions. The rising popularity of online shopping and eCommerce sites has led to a sudden surge in the number of online transactions and total online sales, which were at about $1,471 billion last year are expected to reach $2,356 billion by 2018, reveals data compiled by Statista.

In India alone there are 250 million internet users, a figure that has grown by 14 per cent as compared to the previous year. As a result, the need to protect online transactions has increased tremendously. Here are six simple tricks to safeguard their online platforms:

Smart Scanning for Vulnerabilities

Online threats that haunt most businesses include vandalizing of websites that may lead to blacklisting, loopholes and vulnerabilities that gives the attackers the access to sensitive information, malwares that can install themselves into systems and steal confidential data. Organizations need to opt for solutions that can provide automated application scanning combined with manual penetration testing to look for logic flaws in coding and app vulnerability.

Protect Your Mobile Apps

More and more consumers are now using mobile applications for online transactions. These mobile apps come along with a numerous security loopholes such as malwares, unsafe app capabilities, hidden processes, and complex code vulnerabilities. These problems only get worse with constant updates. Such issues can only be dealt with real-time mobile application penetration testing for malware detection, log analysis, Layer 7 assessment and more.

Look beyond SSL

Even though secure socket layers ensure safe and encrypted flow of information between a browser and a server, it is not the be all and end all of securing the web applications. A website may claim to be secure as they use 128 or 256 bit encryption and may even boast of a seal from an external certificate authority. But what the online retailers fail to understand is the fact that SSL cannot protect against application layer attacks. Businesses need to deploy solutions that can provide a multi-layer protection.

Enhance Protection with Data Encryption 

Data encryption is important in the sense that it enhances the defense mechanism and protects the sensitive information. Encryption also reduces the risk of the hackers being able to crack the passwords.

Limit Access to Sensitive Information

It is important for organizations today to limit the access to sensitive information to personnel in the organization who really need to have the access to the same. Sharing information throughout the organization with employees who really don't need to use it increases the risk of the data being breached.

Fortify Web Applications 24x7

The nature of web applications is intricate and needs to be frequently changed and updated. Constant updating leaves vulnerabilities and loopholes that hackers can very conveniently exploit to gain unauthorized access to sensitive information. In such cases, Web Application Firewall is the only way to virtually patch vulnerabilities like XSS and others. Smarter business solutions LIKE zero WAF false positives and continuous monitoring with adaptation for any changes to the application make the WAF an apt security mechanism.

As more businesses move on to the online platform to conduct business, competition is likely to be fierce. In order to safeguard their online business platforms companies would have to pragmatically opt for solutions that can provide them a holistic approach towards safeguarding their web applications. Organizations need to opt for vendors who can assure them 24×7 monitoring and protection.

The writer of this article Ashish Tandon, Chairman and CEO, Indusface. Tandon is a serial entrepreneur with a rare combination of strong technology understanding and business expertise. Under his leadership, Indusface has become India’s leading application security product company, serving over 700 global customers. Prior to founding Indusface, he has successfully led several ventures in the areas of Internet, Software & Security. Tandon is also a founder, investor and board member of OpenClove. Tandon has completed IIM Ahmedabad’s Executive Programme on Management. The views expressed here are personal.

Please add your comment

Not readable? Change text. Enter the characters as seen on the image (case insensitive)
  Notify me of follow up comments via e-mail   Subscribe for daily newsletter

Related Articles

IT woes of SMEs to end soon

BY Amrita Premrajan

“Unaffordable! Too costly!” The Indian SMEs have long been harping about the high cost structure attached to IT tools like wireless produc...

Let VMS Manage your Visitors

BY Entrepreneur

Have you ever found it embarrassing asking your visitors enter their names in shabby notebooks? Or have you ever waited for long at the reception e...

Colour Does Matter for SMEs

BY Entrepreneur

Do you still work with black and white documents and collaterals? Or do you outsource your printing needs when it has to be in colours? HP brings a...

SMEs yet to Embrace Technology

BY Entrepreneur

The small and medium business (SMBs) sector which constitutes 80% of the total number of industrial enterprises and has the potential to generate larg...

10 Tips to Make Your Website Work for Yo

BY Entrepreneur

With internet becoming the most sought after medium of doing business, a website is an indispensable part of any business. At the outset your website ...

Cloud Computing---A solution to your dat

BY Entrepreneur

Finance, marketing and business development might be vital to a company’s progress but another important element, on which these heavily depend ...

Want your Business Simplified?

BY Entrepreneur

ERP or Enterprise Resource Planning is an application to integrate the data and processes of an organisation into a single system. As the owner of a&n...

5 Ways to Choose a Technology Vendor

BY Entrepreneur

To most of us technology sounds Greek and what can be better than avoiding something that you do not understand. But when you are an entrepreneur it i...

Why is a firewall important?

BY Entrepreneur

Network security is a major issue for enterprises these days. With business expanding and critical data being transferred through the Internet, it has...

Keep your system clean and healthy!

BY Entrepreneur

Are you so caught up in the day-to-day issues of your business that you tend to overlook your laptop or personal computer that needs maintenance? Y...

The Cost Effective Internet Telephony

BY Entrepreneur

As most of us already know, VoIP or voice over Internet Protocol is a technology which enables users to make phone calls through the Internet. It&rsqu...

Who Visited Your website?

BY Entrepreneur

It is not only interesting to get to know the visitors to your website. It is important and often indispensable for a small business, like yours. If y...