Answer to Question #266998 in Management for Wendy

Question

Using appropriate examples, discuss five basic security issues for Ecommerce businesses.

Answer 1

Scraping prices

Competitors can use price scraping bots to track your pricing, pricing strategy, inventory levels, marketing strategies, and more in order to undercut your prices or outrank you in search engine results.

E- skimming

E- skimming is a hacker technique for collecting personal data from payment card processing pages on e-Commerce sites, such as credit card information.

Theft of a credit card

Bots can be trained to repeatedly test stolen credit card numbers and determine CVVs until they succeed. Once the hacker obtains this information, they will be able to purchase anything they want in the name of someone else.

Obtaining new accounts

Theft and resale of login information is a big business in the dark corners of the internet.