How Do You Protect Your Business?

If you were to conduct a survey among managers at different levels to find out how “economic espionage” affects business and “how they deal with it,” you would probably be surprised at how many top managers either pay no or very little attention to these issues. Meanwhile, economic espionage is commonplace today. To ignore it is to allow the competitors to get ahead at your expense.

By the way, in today’s world situation, it is worth paying serious attention to your business and conducting a thorough check to avoid getting on the sanctions lists. The RuAssets service is simple and straightforward to use and will definitely help protect your business from financial and legal losses.

Identity theft

One of the most common strategies of fraud on the Internet is identity theft. It’s as old as commerce itself: cybercriminals have been using it since long before the Internet. But with the advent of technology, their tactics have changed.

Fraudsters have learned to create perfect copies of popular websites and online stores, stealing personal data from unwary users. By filling out fake payment or authorization forms, they provide fraudsters with their names, email addresses, phone numbers, bank card information and payment information.

E-commerce sites can help their customers avoid such a scenario by constantly reminding them of their official communication channels, including websites. Alert users in a timely manner to the existence of duplicate sites and ask them to check resources for authenticity before entering personal information. URLs that don’t match the name of the original site, as well as the lack of a digital trust seal, should raise suspicion.

Payment interception

More than bank cards, scammers are now interested in electronic wallets and social networking transactions. When Facebook payments became possible, criminals learned how to intercept such transactions during the sales process.

In some cases, they impersonate company representatives and send users links to fake sites. For example, a fraudster can enter an online store’s comments section and reply to customers’ questions with a link leading to an unauthorized payment page.

Tracking down payment interception is not an easy task, so all efforts should be focused on fraud prevention. Customers should carefully examine the payment page before making any payments. Payment methods that do not allow refunds should also be avoided.

Site Theft

Fraudsters can get hold of a company’s internal data with a fake or outdated e-commerce plugin. Such hacks have been known to occur with WooCommerce and Shopify. By taking possession of the site, scammers can change the store’s payment details and transfer all online payments to their account.

If you have an online store, try using the latest security plugin like WordFence to protect your account from this type of attack. Check your applications and plugins regularly and change your access codes – this will keep the risk of a site takeover to a minimum.

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