E-Commerce refers to transactions that are made electronically on online services or on the internet. This type of business has been around for many years, but it keeps progressing every year. The pandemic forced many companies to digitize their activities, making e-commerce even more prominent.
Of course, such a big change could not be without its drawbacks. A more digital approach means more systems are being used, which means that threat actors now have a big selection of entry points to choose from. E-commerce companies should be ready for a wide range of attacks, which we will show in this article.
Credit Card Fraud
Credit Card Fraud or skimming is a cyber-attack that is performed by stealing information from a credit or debit card that is used during a transaction. This could be very harmful not only to the person whose personal details are being stolen, but also to the e-commerce company. That’s because if something like this happens, the company is the one that will be held responsible. Besides that, its reputation will be harmed.
Another form of Credit Card Fraud could be a case of payment using a stolen card, although this is something that the company has less responsibility for.
DoS and DDoS attacks
As we have mentioned in a previous article, DoS and DDoS are attacks that are created with the purpose of disrupting systems and not allowing them to serve visitors correctly. In this case, this system could be the e-shop website or a cloud system the organization uses.
It is not uncommon for a customer to receive an e-mail claiming to be from an e-shop. The malicious actor produces fake documents to back up his claim and then asks the customer for their personal information. An unsuspecting victim could fall to this trap and disclose his personal details ignoring the consequences.
An attack that every organization should be prepared for is malware. There are many kinds of malware, such as spyware, trojan, viruses and ransomware. All these are malicious software that could be installed on a victim’s computer and steal, encrypt or wipe their data. Malware can be installed either by the threat actors themselves or by bots.
Man in the Middle (MITM)
A MITM attack takes place when a threat actor intercepts or watches a communication between a user and an e-shop. This can happen when the user is connected to a vulnerable network. The man in the middle can then sabotage the communication impersonating one of them or just listen to the conversation and collect valuable information.
Finally, there is the brute force attack. This is a simple attack to understand. The hacker will try to breach a system by trying to guess the password. There are special tools for this purpose that can try thousands of passwords until they guess correctly. The best way to prepare for this is to use strong and complex passwords and change them frequently.
Cyber threats continue to multiply as technology progresses and e-commerce companies are especially vulnerable to them, since the bulk of their business takes place on the internet. E-shops use different kinds of websites, servers and web servers giving many entry points to hackers.
In Logstail, we are offering the full range of services required to effectively mitigate these types of attacks. Incident response and consulting, penetration testing, and red team operations, are altogether aiming to help our customers mitigate their cyber incidents.
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