Data security tips for online merchants

Even though buying online is comfortable, online merchants still need to convince a potential client that they care about data security, and that the transaction is safe. Here are a couple of ways you can do that:

  1. Secure the stored data

Did you know that 95% of credit card data security breaches come from small businesses? In order to make matters harder for the bad guys, you either need to utilise some form of encryption or store the data on a cloud server.

  1. Keep your software updated

Keeping your software up-to-date goes a long way to avoid being exposed to vulnerabilities. While this clearly won’t protect you from zero-day vulnerabilities that developers have not discovered yet, it is a huge step in the right direction in terms of fixing those that have already been patched.

  1. Payment processing software matters

Payment processing software is responsible for handling credit card details, so it is important to do your due diligence and choose wisely.

  1. Verify the transaction

You should not only verify the geo-location of the customer’s IP address, but also check for any abnormal order behaviour.

  1. Become PCI-DSS compliante

Do not let the name intimidate you, since it is only a collection of compliance regulations created by the Payment Card Industry Security Standards Council. The aim of these regulations is to standardise the process of storing, transmitting, and processing payment data.

These simple steps should be more than enough to up your data security game and make your customers trust you more.