While it feels like stories about corporate data breaches are more common than ever nowadays, it’s definitely not a bandwagon you’d want to join. In addition to losing the trust of your customers, there can be substantial costs related to a data breach in the form of security upgrades, legal fees, and more. To help keep your ecommerce company from joining the growing list of hacked businesses, use the following guidelines to tighten up your website security and protect consumer data.
Identify region-specific compliance requirements
Some states and countries have requirements regarding how companies use, save, and store consumer data. It's vital that you know where your business is being conducted and that whether there are regional data security laws that apply to you. Failing to comply with regulations, such as the Securities for Consumer Data Personal Privacy Act in Colorado or the Golden State Consumer Personal Privacy Act of 2018 in California, not only indicates that your company’s data may be vulnerable – you may also be at risk of incurring significant fines or penalties.
Perform a data security risk assessment
Hire a third-party to run a risk analysis on your current data security architecture to identify any vulnerabilities. Then, outline a strategy for prioritizing and patching those vulnerabilities. Remember: hackers commonly look for easy targets and will move on from targets that require more effort to exploit.
Train and educate your employees
One of the biggest vulnerabilities in any kind of data security strategy are the employees. Make certain your data is safe from unintentional employee mistakes through adequate training and by establishing clear protocols for managing data.