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How Magento-based e-commerce sites are putting your payment details at risk?

Some customers tend to shy away from shopping online because ecommerce sites could put their payment details at risk.

No matter what you heard, Magento is one of the best ecommerce platforms that small business owners use to manage and run their online stores. But it also makes it attractive to hackers, which is why Magento offers regular security updates. Here’s what you can do to improve Magento security and protect your customer’s payment details.

1. Update to the Latest Version of Magento

This is the first and most important step for keeping your payment information secure. Magento offers the latest version of its software on an ongoing basis, which includes bug patches, maintenance, and security fixes. Updating to the latest version of the Magento platform can prevent security problems from happening. Since patch notes are included with the payments pro, you’ll feel better about the changes that are taking place.

These patch notes can be helpful when it comes to correcting the flaws that were found in previous versions. This prevents cyber attackers and hackers from exploiting outdated e-commerce stores, which means you should update yours on a regular basis.

2. Secure Your Password for Your Magento Account

It’s easy for hackers to commonly guess passwords. One of the best ways to protect your Magento store is to create a strong password. The password should consist of characters, numbers, and upper-case and lower-case letters. If you want to make your password difficult to crack, then you should avoid using common words, dates, and information that’s related to you or your family.

This involves creating a unique password. While a long password can be difficult to remember, it can provide superior protection. It decreases your chances of hackers accessing your online store. In addition, there are several types of malware that exist on the internet, and they can affect your store.

You should also change your password on a regular basis. Even if your website is hacked and your information is compromised without your knowledge, regularly changing your password can prevent future problems from happening. This prevents cyber attackers from getting access to your stored passwords. In order to keep your e-commerce store safe, you should reconsider how you use your passwords.

3. Use Two-Factor Authentication

Even when following the above-mentioned rules, you can never be too safe. Password guessing and phishing give hackers the ability to breach your website with some success. It’s important to implement a two-factor authentication that provides the strongest protection for your ecommerce business. There are several extensions in the Magento marketplace that will quickly implement two-factor authentication, so do your research and find the right extension that has the features you need.

4. Install an SSL Certification

Having a strong online store is important when it comes to establishing confidence and trust with your customers and their payments pro. To ensure that your Magento website is protected, then you should install a Secure Sockets Layer (SSL) encryption. Unencrypted websites are vulnerable to data interception and patches, which can lead to theft of personal information. You can quickly install SSL through your admin panel.

After it’s installed, your online store will feature the green padlock symbol that shows your customers that your online is safely encrypted.

5. Restrict Access to Magento Admin Page

Your admin account shouldn’t be available to the public. It should be restricted to you and other authorized personnel. This offers an additional layer of protection against malicious attackers who are targeting your Magento store. The admin page URL has become the major target of all cyber attacks.

You should change your admin page from the default link that takes place during the common installation. You should replace your admin page with one that’s hard for cyber attackers to find. You should also be on the lookout for malicious activity in your admin user permissions. If there’s an admin user that you don’t recognize, then you’ll want to ensure that your Magento admin panel hasn’t been breached.

6. Enable CAPTCHA in Your Magento Store

You also want to ensure that your Magento store has CAPTCHA for both your admin and customers. CAPTCHA is known as a program that tests if your customers are human. It prevents malicious bots from accessing your personal information and sending threats to your online store. Magento has found a way to prevent this problem with its use of external plugins.

7. Use Secure FTP

Cyber hackers often attack a website by intercepting FTP passwords or guessing what the password is. You should use a Secure File Transfer Protocol (SFTP) that contains a private key file that authenticates users or decrypts private key files. This security feature is available through the numerous extensions and plugins in the Magento marketplace.

8. Have an Active Backup Plan

While it’s important to take each of these security measures into place, it’s equally important to have a backup plan. You’ll want to have both downloadable backups and an hourly offsite backup plan. In the event that your website crashes or gets hacked, then a backup plan can prevent downtime or interruption in service. Data loss is preventable by using backups through an online backup provider or storing backup files on an off-site location.

Data backup can prevent data loss from happening. You should also contact your website host if they offer a backup plan.

9. Invest in a Strong Hosting Plan

Shared hosting is the best hosting plan for any ecommerce business. It’s especially an ideal option for small businesses and startups. Investing in shared hosting means that you’re increasing security on your Magento platform. A strong hosting plan is one that’s sufficient for your needs and doesn’t limit your resources.

Another good option is Managed Magento Hosting Platforms that provide you with frequent security patches on your server. There are hundreds of hosting plans out there. Most of them offer features that they can’t deliver their promise on. You want to avoid these plans since they’re not aware of Magento’s security issues.

Magento is one of the best ecommerce platforms for starting an online store. It provides you with a security and support team who offers ongoing maintenance and security updates to keep you and your customers safe. But ecommerce store owners should also do the work to keep their online businesses safe. Each of these simple steps will keep your customer’s payment details safe.