For the first time in history, shoppers are spending more money online than in brick-and-mortar retail stores. According to non-adjusted estimates from the U.S. Department of Commerce, online sales continue to show steady year-on-year growth – last year’s web sales were in excess of $342 billion, accounting for more than a third of the total retail sales growth that year.
Considering the figures, it’s unsurprising that more retailers and small businesses are looking to break into online sales. The potential for increased income from a thriving virtual marketplace is not without new threats, however. Because even a single breach of a company’s data security has the potential to ruin a thriving business, adopting cybersecurity measures is critical.
Here are five steps to help you get started.
1. Use a Secure Ecommerce Platform
Any business owner looking to start an online store requires an ecommerce platform, which is a software technology solution for creating and hosting a digital storefront — a means of offering goods for sale and accepting payment via the internet. Outdated platforms are security risks that business owners can combat via the use of a reliable platform that they monitor regularly. These platforms aren’t necessarily cheap, so do your research and make …
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