Businesses are at risk of attacks that are often planned by perpetrators on the dark web, looking for ways to gain unauthorized access to their systems, disrupt their operations, and profit financially.
E-commerce businesses face several threats that can originate in the dark web. Cybercriminals targeting online retailers can commit fraud and steal customer data, which they then sell to the highest bidder on the dark web. Other threats include denial of service attacks, which can take an e-commerce site offline, and phishing scams, which trick customers into revealing sensitive information.
E-commerce businesses can prepare themselves for these threats by investing in security measures such as firewalls and intrusion detection systemsת and educating their employees and customers on how to stay safe online.
What is organized retail crime?
Organized retail crime (ORC) is theft or fraud committed to steal large quantities of merchandise from retail stores. This often involves selling the stolen goods for profit, but can also be perpetrated to return the stolen merchandise for a refund. Organized retail crime can cause significant losses for retailers, and lead to higher consumer prices.
E-commerce businesses are particularly vulnerable to ORC criminals, because they often hold large amounts of inventory in centralized locations. This makes it easy for them to target multiple companies and make off with a large haul of merchandise.
Organized retail crime is often committed by professional thieves who are part of criminal organizations. However, amateurs can also be involved in these types of crimes. In some cases, organized retail crime is committed by employees of the targeted online store. This type of crime can be difficult to detect and prevent, but can significantly impact a business’s bottom line.
ORC is a growing problem for e-commerce businesses. ORC criminals are similar to the organized groups mentioned above, which target retail stores and warehouses to steal high-value merchandise. This stolen merchandise is resold on the black market or online, often through illegal websites and marketplaces.
To protect themselves from ORC criminals, e-commerce businesses must rely on a company that monitors numerous sources and platforms to detect attacks as early as in their planning stage.
How can your business address the threats in the dark web before it’s too late?
Companies risk being targeted by cybercriminals on the dark web – a breeding ground for criminal activity that is becoming increasingly more sophisticated. If your business isn’t prepared to address the threats arising from activity on the dark web, it could be at risk of being compromised.
There are several actions you can take to protect your business from threats on the dark web:
- Educate yourself and your employees about the dangers of the dark web.
- Implement strong security measures, including firewalls and intrusion detection systems.
- Monitor your network for any suspicious activity.
- Subscribe to a threat detection service that will alert you to any impending attacks.
- Be prepared to respond quickly and effectively to any cyber threats.
What is credit card fraud?
Credit card fraud is a type of financial crime that involves the unauthorized use of a credit or debit card to make purchases, withdraw cash, or gain access to other funds. This can be done through digital means, such as hacking into accounts or using stolen card numbers.
Credit card fraud is a serious problem, causing billions of dollars in losses each year. Financial institutions, businesses and consumers all suffer from the effects of credit card fraud. Some common methods of this type of crime include:
- Account takeover: When a cyber criminal fraudulently gains access to an individual’s credit card account and uses it to make unauthorized purchases or withdrawals.
- Identity theft: When a perpetrator uses another person’s personal information, such as their name, social security number, or date of birth, to open a new credit card account or apply for a loan in their name.
Credit card fraud has serious consequences on both businesses and consumers. Companies can suffer financial losses from fraudulent charges and may also be liable for any resulting damages. Additionally, consumers can suffer financial losses and damage to their credit rating. In some cases, they may even be held responsible for fraudulent charges.
What are the risks of not keeping up with the latest security developments?
One of the most significant risks to e-commerce companies of not remaining up to date is compromising customer data. Data breaches, a common cyber attack, have immense negative business impact. Global connectivity and increased use of cloud services with poor default security parameters can lead to increased risk of cyber-attacks and consequent loss of revenue and customer trust.
Additionally, outdated security measures can leave businesses vulnerable to attacks that can result in the loss of sensitive data and damage the company’s reputation. Finally, failure to keep their data and systems safe can make it more difficult for e-commerce businesses to comply with industry regulations.
How can ACID help your business detect various cyber-attacks?
ACID provides state-of-the-art threat detection services to help e-commerce businesses effectively deal with the threats they face.
ACID constantly monitors a wide range of sources and platforms to detect planned and perpetrated attacks, using keywords specific to each client organization. Real-time, detailed notifications allow you to take appropriate action to prevent or mitigate the harm these attacks may potentially cause.
ACID continues round-the-clock monitoring to collect additional information as it becomes available, supporting you in implementing the most effective countermeasures for as long as the threat remains.
By doing so, ACID enables you to enhance your level of security and supports your smooth business operation.