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The raging pandemic has forced many retailers to re-imagine their businesses, shifting from in-person to contactless interactions through online sales. This new socially distanced reality is colliding with the crush of an upcoming holiday shopping season, creating an unprecedented opportunity for cybercriminals to capitalize.
Magecart is just one of the more potent types of attacks to emerge in recent months. Over one September weekend alone, the group’s card-skimmer malware was launched against 2,000 online retailers, compromising more than 10,000 shoppers.
But experts are warning retailers not to focus only on one threat or on protecting one particular system. Increasingly, attacks are attempting to infiltrate systems from multiple entry points simultaneously, supercharged by bots and automation, and lured by flocks of unsuspecting newbie online shoppers.
In fact, new customer accounts make up 30 percent of current transactions, which is five times higher than pre-COVID, according to Forter’s recent fraud attack index.
With threat levels at historic highs, Threatpost gathered a panel of experts on retail e-commerce security to help sort through the rising threats – and how retailers can defend themselves, their reputations and their customer’s data.
Their prescription isn’t simple. Each suggested a wholistic approach which starts with the basics: Patching, encouraging strong passwords and strong, fundamental Web Application Firewall (WAF) protection.
Besides that, retailers need to understand their own operations first and foremost, gaining a transparent view into them and getting a firm handle on what “normal” looks like for each organization. It’s that critical baseline that will often trigger the first alert the site is under attack.
Industry-leading experts Robert Capps, NuData’s vice president of marketplace innovation; Allan Liska, intelligence analyst for Recorded Future; and Matt Wilson who leads product management for network and application security at Neustar all joined a live Threatpost Webinar event on Oct. 14 titled, “Retail Security: Magecart and the Rise of e-Commerce Threats.”
They offered an up-to-the-minute look at the retail threat landscape, including the application network layer and the evolving role of automation and bots (which are increasingly able to mimic human behavior to evade detection).
Other topics included loyalty programs, fraudsters who buy online and pick up merchandise in the store, the ways cybercriminals can turn an easy buck on unsuspecting retailers is always evolving and more.
Check out our experts’ critical insights on how to keep ahead in our video replay, below, followed by a lightly edited transcript of the event.
Also please check out Threatpost’s collection of previous and upcoming webinar events, available here.
Becky Bracken: Hello, everybody, and welcome to Threatpost’s Live webinar titled, Retail Security and the Rise of E-commerce. I’m Becky Bracken and I will be your host for today’s presentation.
Today, we’ve gathered a world-class panel of security experts who will discuss threats online to retailers, and we’re thrilled to have them join us.
The pandemic, as we all know, is created a bit of a perfect storm for retails security breaches, of all kinds.
It’s drastically accelerated the shift from shopping in a store to making even the most mundane purchases online. And I think pretty much once we were all on eBay, bidding on rolls of toilet paper, all sense flew out the window of us not being able to buy everyday stuff online.
In fact, new customer accounts make up 30 percent of current transactions online, which is five times higher than it was before the pandemic, according to Fortes recent fraud attack index.
Retailers have also had to cobble together entirely new chains of business, moving away from in-person to contactless transactions like delivery. And there are new models of buy online, pick up in store. But because they’re new, they’re pretty plum pickings for clever criminals trying to find their next hustle.
And now we’re headed into the holiday shopping season, which will add an entirely new level of chaos.
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The ecommerce market has faced tremendous growth in recent decades. People are well used to online shopping and they started showing less interest in traditional shopping. Aspiring entrepreneurs are already in search of entering the online market by all means.
Any online business relies on an effective shopping cart website. So every software development company is an urge to develop a perfect shopping cart software that will let the user gain genuine customers and to earn better returns.
Shopping cart software facilitates the customers to purchase the products or services on any ecommerce website. The shopping cart software plays a vital role in online shopping and the customer gets a unified shopping experience when the ecommerce website has excellent shopping cart software integrated with it.
This is one of the main aspects that every entrepreneur needs to concentrate on to acquire more new customers.
Zielcommerce is a complete digital market-based ecommerce software that can ensure the users have an effective online shopping cart platform and allow the customers to have a secured shopping. You can have a B2B or B2C, this software supports all types of business models and is most trusted by startups. Zielcommerce combines your point-of-sales and the back-end system and lets the customers have a smooth transaction.
Zielcommerce gives you the overall control of the online shopping cart software and you can customize it as per your business requirement. You can upgrade your business as the software is scalable and it can support your business growth. The vendor and buyer-centric software can satisfy all types of users and can assure you good sales and greater returns.
The Reliable Features of this Online Shopping Cart Software
Cube cart provides an extraordinary shopping experience to the users and can get them greater reach and visibility among their target audience. This shopping cart software grabs the global users as they are SEO friendly and are easily ranked in all search engines on top pages.
The buyer will be delighted with extensive features of this online shopping cart software. Cuba cart is highly secured with proper SSL integration that will allow the user to have a secured transaction. It also has a versatile payment options that facilitates the buyer to choose his convenient payment method to pay and purchase the product.
The salient features of this shopping cart ecommerce solution
Cscart can build customer trust and increase their credibility with its trustworthy shopping cart software. You can have all the essential features that are necessary to attract customers. The feature-rich UI and UX will never fail to delight the visitors. The software will assure your growth and expansion with its customizable and scalable option.
Pcmag has an integrated module for shipping and logistics. So this shopping cart ecommerce solution will ensure that the customers will get their product on right time without any delay. The store interface of this shopping cart software is quite simple as the merchants can easily upload their product images and description without much complications.
The highlights of this shopping cart software
Shopaccino promises the user to have an easy to add shopping cart ecommerce solution. Focusing the global market this shopping cart software supports over 50 languages. You can enjoy the complete flexibility of having payment options with 40 payment gateways in this shopping cart software.
To gain more traffic to this shopping cart software, shopaccino is integrated with social media login and buyers can easily share your recent purchases in your social media. page. This will give a good reach for your brand and your shopping cart software will gain more credibility among online users.
The key features of this shopping cart ecommerce solution
X-cart renders everything that you need to leverage your business. You can mark your digital presence through this shopping cart ecommerce solution. More ROI is guaranteed with your high-performing online store. The custom website design will positively increase your sales and revenue. With in-built digital marketing tools, you can expect greater reach in all online platforms.
The flexible, scalable and affordable shopping cart software can help you to acquire more customers to your online store. With the integrated analytics tool, you can convert your insight into action and can positively increase the customer engagement. This shopping cart software holds the native multi vendor features and focuses more on vendor management.
The benefits of this shopping cart software
Neto is a shopping cart software. It provides a comprehensive solution for inventory management. We help our customers increase their revenue and improve operational efficiency. Offering a unique customer experience that cultivates loyal customers on all channels. An eCommerce platform to handle all aspects of your business, and online store
Features of online shopping cart solution.
Miva is a shopping cart software with a flexible and adaptable ecommerce platform that can be easily changed as their business evolves. They need a platform to help them generate revenue by increasing the average order value and reducing operating expenses. Total flexibility to have payment options with multiple payment gateways in this shopping cart software.
Highlights of this shopping cart software
Abantecart is an easy and user-friendly online shopping cart software and generally highly customizable. AbanteCart is not the exception. A unique characteristic, however, is that it requires minimal maintenance. This makes it a practical way for small companies to take advantage of the benefits of free software.
key features of this shopping cart solution
Volusion shopping cart software is fully built with all the difficult features that make this software to stand out in the market while allowing you to increase your overall revenue. Easily manage your online store with shopping cart software that’s full of easy-to-use tools. Turn-key, integrated, customizable eCommerce management solution.
Highlights of this online shopping cart software
Shopping Cart software streamlines the transformation of your online store With just a few clicks, you can sync your UltraCart products and add ecommerce components to any page or post, a shopping cart platform that allows a secure payment anywhere on your site, and on any device
Ultracart has literally multiple ways to personalize and adapt to meet your needs.
Before you enter into an online business and start developing an ecommerce website you need to understand the role of shopping cart software and how it works. Let us analyze the complete process in detail.
Adding products to the cart - This is the initial stage that is carried out through the shopping cart software. Customers will search for the product and when they finalize the one they need to purchase they will first add that product to the cart. For future review, customers can go through the products that are added to the shopping cart.
Processing on purchase- The shopping cart ecommerce will make the customers decide on buying the products that are added to the shopping cart. The shopping cart software should provide additional facilities like adding new products or removing existing products or to edit the product by changing its color or size or quantity.
Checkout process - This is the final stage where the customer will add information that is related to payment and will purchase the product. The shopping cart software should provide all familiar payment options to the customers that will make them easily transfer the money and buy the product.
We can be benefited from effective shopping cart software in numerous ways. The key objective for the shopping cart software is to build a better customer relationship with the shopping cart ecommerce site and to get better returns. Let us get into detail about the benefits of the shopping cart software.
Secured shopping – every shopping cart mainly deals with site security and they are integrated with SSL certification. So the customers may not worry about their personal information and can have a secured transaction.
Simplified datamanagement– business intelligence is accomplished through shopping cart software. It not only allows the customer to pass through the ecommerce site but also holds their data and helps to understand their behavior well.
Easy technology adoption – there is a vast evolution in the features of ecommerce websites. It keeps changing as per the technology advancement. The shopping cart software easily adapts to technology and can be more flexible.
Hassle-free payment processing – the shopping cart software will provide customers a hassle-free experience while transferring the payment through their credit or debit cards or any other payment methods. The shopping cart software will direct you to the concerned banking web page and will take responsibility for a smooth transaction.
Enhances website performance – the online shopping cart software will organize and categorize the search history and will display the required products with easy searching algorithms. This will undoubtedly enhance the performance of the shopping cart ecommerce website.
The features will decide the significance of the shopping cart software. These features will make the customers stay in your shopping cart ecommerce website and will help you with effective sales conversion.
Dedicated administration panel – the shopping cart software will help you to store and manage your products with an exclusive administration panel. The platform provides the users the easy navigation and displays the products in a certain order.
Products categorization – the customers want their products to be displayed with a simple search and shopping cart software will allow you to identify the product easily with less time as the products are well categorized.
Customers’ review – every product or service page will have a review section where the customers are allowed to register their feedback. This will delight them as they feel their opinion is highly respected by the shopping cart ecommerce website.
Easy checkout – the shopping cart software will let the customers buy the product they want with less complication in easy checkout processing option. This will also reduce the abandonment rate of the shopping cart ecommerce website.
Third-party API integration – every business will follow its third-party software for its business administration. The shopping cart software will support you to integrate your third-party software and manage it all under a single roof.
Online chat support – shopping cart software will support the customers by providing them the online chat support that will be 24/7 available. All queries and complaints can register any day, anytime.
If you want to know the cost for purchasing online shopping cart software then you need to analyze several factors like the number of customers you expect to use the shopping cart software and also the number of sellers who will be registering with the platform.
Then comes the feature you will need in your shopping cart software. You can set the features according to your business types like small, medium, or corporate. These factors will fix the price of the shopping cart software.
Give a perfect shopping experience for your customers by building a reliable shopping cart software. The impression you make will stand forever in the minds of your customers. This is why you need to pay more attention to developing a shopping cart ecommerce website.
Keep in mind that customers will keep comparing your shopping cart software with your competitors so you need to always monitor what strategy your competitors are playing and should find a counter solution and should implement it and try to get good conversions.
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