Online Retailer Threats
Online Retailer Threats
With the technological advancements that saw people buying products from online retailers, there is a need for online retailers to be aware of the mobile security threats that they may receive from their clients. The two most common hazards include spamming and phishing. Spamming consists of a person who uses a particular website to receive messages in their emails or direct messages from malicious people with infected links. Such evil people attach such links to make the website user fall into their trap. Once one opens such links, they direct them to spam websites which are a security threat to their websites and the device. Such links usually pop up when one visits online retailing websites, making the users complain to the online retailers. Apart from causing security threats to one’s website, spamming makes it hard for one to use their website as the speed goes down. Phishing occurs when fraudsters create websites using another online retailer’s name to con people. Customers often report con cases from organizations not knowing that they were not dealing with the company but just fraudsters. Once customers use the fraudster websites for shopping, they lose their money as the fraudsters do not deliver but want to have the cash (Pizzi & Scarpi, 2020). Customers need to be careful about such fraudsters to avoid losing their money as they can be hard to differentiate from the legit organization.
Ransomware attacks an organization’s data and interferes with its website for malicious purposes. Retailers must take insurance covers for ransomware. The insurance covers that one can take to mitigate such risks fall under cyber-extortion coverage. The insurance covers losses that result from the ransomware. Such costs include the cost of paying experts who negotiate with hackers. Experts can reach hackers and deal with them to stop their malicious acts by explaining how one can regain their data. The cost of paying for ransom demands. The ransoms tend to need the payment for one to get out of the mess. The insurance here can stand for the charges that the ransom needs to leave the website. There are also costs for hiring experts to identify the source of the threat and develop measures to prevent such risks in the future (Joshi, Joshi & Mittal, 2019). After a ransom attack, it is good to find out how the ransom reached the website and prevent such cases. Therefore, the insurance cover here pays for the experts to identify such mistakes and find solutions to avoid such instances from happening in the future.
References
Joshi, K., Joshi, K. P., & Mittal, S. (2019, July). A semantic approach for automating knowledge in policies of cyber insurance services. In 2019 IEEE International Conference on Web Services (ICWS) (pp. 33-40). IEEE.
Pizzi, G., & Scarpi, D. (2020). Privacy threats with retail technologies: A consumer perspective. Journal of Retailing and Consumer Services, 56, 102160.