Since the pandemic, the rise of the online shopping space has attracted business owners and customers alike. Reports found that e-commerce retail sales grossed 27.6% annually, equivalent to $4.28 trillion (2020) dollars of growth. E-commerce sales are becoming the mainstream business model and a viable alternative for businesses seeing a decline in the number of traditional buyers.
Unfortunately, not everyone has taken advantage of the digital purchasing model. Cybercriminals and scammers have also perfected their techniques to carry out deceptive practices. In fact, research shows that the value of losses, courtesy of e-commerce fraud, has increased in 2021, rising from $17.5 million in 2020 to more than $20 billion in the last year. Keeping this in mind, entrepreneurs and marketing agents must Country Email List take comprehensive measures to avoid risks and safeguard their e-commerce business.
illegal data sharing, malware, security breaches, and other vulnerabilities related to working with third-party media, online safety regulations, customer service issues, and data privacy laws. Risks of online shopping The threats associated with running an e-commerce business are quite different from operating a physical store. In the latter case, companies must integrate layers of security into their website to ensure that their customers' and stores' data remains protected. Rental and sale downtime is expensive and disastrous for an online store, especially during your peak hours or season.