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Beware of security threats to ecommerce sites

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The holiday season is the perfect time for many small business owners throughout the United States to roll out their ecommerce sites in the hopes that they will lead to more sales and higher revenues before the new year.

However, online shopping often opens up many customers to many cyberthreats when they are asked to release personal information over the internet. Recent research conducted by web and mail security provider GFI Software identified the top virtual security threats for today’s customers, finding that the Trojan virus is part of nearly 23 percent of all malware.

“One unfortunate reality about the holiday season is that while many people choose to spread good cheer, internet users can also count on cybercriminals to spread malware,” said Christopher Boyd, senior threat researcher at GFI Software. “They prey on the stresses of last-minute gift buying, hoping to distract consumers from being cautious with their personal information online.”

Protect customers from threats
Allowing customers to purchase products and/or services over the internet is a great opportunity for small business owners, but the prevalence of cyberthreats earmarks the importance of having an encrypted website safe from hackers. Investing in cyberliability insurance can also ensure any criminal behavior that takes place during ecommerce does not fall on the shoulders of small business owners.

“Cybercriminals have a large pool of potential victims at this time of year as more and more people flock to online shops to buy holiday gifts and ship them with their favorite package delivery company,” said Boyd. “No matter how crazy the season gets, users need to remember to practice the same good habits such as double checking the source of email messages and confirming the destination of links before clicking.”

What to look out for
The growing amount of cybercrime occurring in today’s business world means small-business owners need to provide some guidelines for their customers when they are purchasing products and/or services online. An article for PC Magazine provides a list of some things small business owners can warn their client base to look out for.

•Use websites that are trusted
•Never buy without seeing the secure sockets layer lock
•Don’t release Social Security number
•Look at bank statement to ensure the transaction
•Have the proper protection for devices

Small business owners can become endeared to their customers by providing them with this type of advice that can help them stay safe from potential cybercrime.

 

General Liability Insurance

What Is General Liability Insurance? Commercial General Liability Insurance protects small-business owners from claims of injury, property damage, and negligence related to their business activities.

Workers’ Compensation

What Is Workers’ Compensation Insurance? Workers’ compensation insurance covers your employees’ medical expenses and at least some portion of their lost wages if they are injured on the job.

Business Owners Policy

What Is a Business Owners Policy? A BOP is simply bundled insurance designed to provide essential coverage to certain business owners at a competitive price. A BOP insurance coverage includes

Professional Liability Insurance

Professional liability insurance also called , errors and omissions insurance (E&O; insurance), protects you if a client claims that your services caused them to suffer a financial loss. While general liability insurance is primarily focused on property damage or bodily injury,

Disability Benefits Insurance

Employers in New York State are obligated to offer disability benefits insurance to their employees. This coverage is specifically designed to provide financial assistance in the event of off-the-job injuries or illnesses.



Business Umbrella Insurance

Without Business Umbrella Insurance (also sometimes called Umbrella Liability Insurance or Excess Liability Insurance ), you would have to pay the uncovered expenses out-of-pocket. Even if you carry General Liability Insurance for your business, without business umbrellainsurance you might face a repair, settlement, or judgment in excess of your coverage limit.

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