Online businesses that handle credit cards have no internet security

A survey by 123 Reg, the UK’s largest website provider, has found that 10% of e-commerce websites have taken no precautions to keep their customers data safe from hackers.

The poll, which surveyed 13,000 small business owners, found that one in five e-commerce websites don’t know who handles their website security, with 50% stating that they are not prepared for an attack and had no recovery plan if one took place.

A security breach can undo years of hard work in a matter of minutes and lead to loss of revenue and the end of a business. According to research by PwC, there were 59.1 million detected security incidents in 2015.

>See also: Are businesses really experiencing online security fatigue?

The research revealed that 8% of UK e-commerce websites admitted to being hacked – equivalent to tens of thousands of e-commerce websites[1], with almost one in ten saying they didn’t know whether they had been hacked or not.

Nick Leech, digital director at 123 Reg said: “Having an online presence is vital for small businesses, in 2015 e-commerce sales in the UK reached £533 billion, but keeping customers safe requires a team effort. Businesses can easily implement simple, yet crucial, security measures, which can help keep them safe against online attacks. By continuously updating online programmes, regularly changing passwords and installing the latest security products, Britain’s small business owners can stay secure and continue to thrive.”

As goods are increasingly purchased online it is more important than ever to protect sensitive credit card data. Last year it was estimated by Get Safe Online and Action Fraud that over £1 billion was lost by British businesses to online crime.

Website security is a complex issue, taking in plenty of factors – that includes the kind of website you have, the passwords you use, and, of course, the reliability of your web site host.

>See also: Why businesses should foster a culture of security

However, being secure is simple and straightforward.

123 Reg has called on all website developers to employ good password practices, install a website security product and keep all software up to date and has put together a free guide here.

Tom Serani, executive vice president, business development at Sitelock said: “We are seeing an exponential growth in cyber security threats, coinciding with the increased digitisation of businesses. Worryingly, hacker attacks are getting more sophisticated, especially those targeting SMEs, which are generally perceived to be less secure. It is therefore vital that online businesses take the necessary steps to protect themselves from any attack.”

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Nick Ismail

Nick Ismail is a former editor for Information Age (from 2018 to 2022) before moving on to become Global Head of Brand Journalism at HCLTech. He has a particular interest in smart technologies, AI and...

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