For ecommerce organizations dependent on their website, cyber criminals offer the same level of threat as traditional thieves breaking into a traditional retail store. According to a recent Web Hosting Geeks reports, businesses using a hosting plan, such as a VPS server, should seriously consider encrypting data to thwart hackers.
The report said cyber criminals can crack a website's basic security protocols and use that information for a variety of damaging purposes, such as hijacking email addresses, stealing code and purloining payments.
According to the report, hacked ecommerce sites are often used to generate spam address lists, hurting a company's reputation in the process. Stolen code can be used to create dummy sites to scam customers and skilled hackers can steal portions of payments during customer check-out.
To avoid this, the report said business owners should encrypt their data. Encrypted data essentially puts all of the site's programming into a secret code, making it difficult for criminals to understand information if they do manage to steal it.
An earlier Web Hosting Geeks report said security is critical for ecommerce companies because their reputation is based entirely on the safety of their site. Furthermore, a hacked site can put the company entirely out of business since it depends solely on online presence.