The research was unveiled for the first time at Payment Card Industry Security Standards Council European Community Meeting in London. Foregenix CEO, Andrew Henwood, said: ‘The issues highlighted are a truly global problem, which threatens to undermine confidence in eCommerce, especially in markets leading the way in online sales such as the UK and US. Repercussions as a result of compromises are heavy penalties by card providers and these put many smaller traders at risk.
‘Magento and other eCommerce platforms release regular software updates in response to vulnerabilities. These security patches, if not used, can leave websites highly vulnerable to hacking and loss of sensitive data.
‘Online businesses often assume web developers, agencies and hosting providers take care of security. Design agencies are great at producing beautiful, transactional websites that sell their wares, but their expertise on security issues generally isn’t as well developed. Agencies and their clients need to be aware of eCommerce security issues, as even a single breach can be devastating for a small business.
‘Simple precautions can make a real difference to reducing a company’s risk from criminals such as regular patching, changing default settings on the administration interface, and using stronger passwords with multi-factor authentication. Risk can never be entirely eliminated, so companies should also consider investing in a partnership with a cybersecurity specialist organisation and a cyber insurance policy.‘
Any business that wants to know whether its website is secure can scan externally for free, using similar technology that detected the issues above using the link below