Cyber Threats and Data Breaches in E-Commerce

This document is a technical report that outlines the various cyber threats facing e-commerce businesses, specifically focusing on data breaches and privacy violations. It identifies account compromise, new account fraud, and unauthorized use as the top three threats in the sector. The report details how data breaches occur, often involving unauthorized access to sensitive customer information such as personal data and payment details. It emphasizes the need for e-commerce businesses to implement robust security measures to mitigate risks associated with credential theft and phishing attacks. The document also provides best practices for preventing data theft, including strong encryption, regular security audits, and user authentication. Furthermore, it discusses the impact of Distributed Denial of Service (DDoS) attacks on e-commerce platforms, highlighting the financial losses and operational downtime they can cause. The report concludes with recommendations for effective DDoS mitigation strategies to protect e-commerce operations.