Always Use A Payment Provider

Never store credit cards yourself. Always use a payment provider like Stripe that will take the liability away from you. People can live with losing their email address, although they don't like it; what people won't forgive you for is if you lose their credit card information. Even if you're not selling products, but rather recurring subscriptions, there are payment providers that will store this information and manage all of it for you. Taking this step is especially important as an early-stage startup before you have the resources in place to get proper security software and internal IT security personnel.

Enable Multi-Factor Authentication

One of the best ways to keep your customers safe online is to enable multi-factor authentication for returning visitors. We always ask our customers to register with their phone number or email address so we can confirm their identity before they make a purchase from our site. This tip helps us track who is accessing our site and from where. I believe being mindful of how users log in can dramatically improve e-commerce safety and security for shoppers around the globe.

 Look Beyond Native Security

Most companies need to take the time to look beyond the native security of the platform they are using. The website-building sites like Squarespace or WordPress and popular store-building sites like WooCommerce or Shopify make it easy to set up an e-commerce store, but the security they come packaged with leaves a lot to be desired. While some of these sites (like Shopify) are a bit better about native security than others, they all have security plug-ins or third-party security features that you can add. The farther away you can get from a generic security setup, the less likely you or your customers are to be victimized.

Install An SSL Certificate

Having an e-commerce site automatically comes with the responsibility to keep your customers safe from intrusive hackers. One security step companies should take is keeping private information secure by installing an SSL certificate. This is a tool that encrypts data that's in transit from the customer's browser to the server of the payment processing site. In other words, it's preventing a customer's personal information from getting stolen. For example, my company accepts payment through third-party processors like Shopify Pay. An SSL certificate prevents hackers from stealing payment information in the process of them making a purchase.

Educate Your Customers

As business owners, it's our duty to protect our customers’ information online—but you need to understand that your customers might not know how to do it. So, educating them about cybersecurity is extremely important. Remind them to change their password and access credentials from time to time, back up their data regularly, install authorized software, etc. You can also send them relevant newsletters that help them learn more about keeping their data safe online.

Invest In A Quality Hosting Provider

An e-commerce site's safety depends heavily on the hosting provider they use. New business owners may think that it's a good idea to use cheap shared hosting, but this option becomes expensive in the long run. You also want to use a good hosting provider that can upgrade your usage and solve technical issues fast. Such providers are proactive when it comes to monitoring threats and security issues. Start by investing in a reliable hosting platform or make the switch to a good one fast. It'll reflect in the speed of your website and will help protect your site and customers from data breaches. 

Investing in quality technology and cybersecurity processes is a necessary action to ensure your e-commerce site is safe and reliable for your customers and your own data.