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The Magento 2 Security Industry Compliance Laws

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Latest statistics have stated that Magento is the third most popular ecommerce platform across the globe and it is a sad reality that data breaches and attacks are also on the rise and a large number of Magento sites are also not PCI compliant. There are many vulnerable Magento sites that are targeted by the cybercriminals who tend to steal sensitive customer data and their credit card information only to misuse it.

Safety first is the key element and for online stores following the Magento2 security practices can help. But how can you secure your website?

The Magento team has always put security as the core of development and by issuing new solutions to fix and enhance the security issues, it has introduced a lot of patches and tools to keep your website secured and also to keep you informed about the Magento 2 security services.

The Importance of Security in the Magento Ecommerce Industry:

Your customers need a secured shopping experience and online shopping has put the customers’ privacy at a heightened risk.  Each customer knows that the Magento website stores the data and payment information during their online transactions and so they are worried about the data getting exposed to cybercrime, who can misuse the information and use it for their own benefits.

Without proper Magento 2 security development, your business is always under the treat and customers feel uncomfortable as the data are not protected adequately. And because of this, they soon click out without making a purchase. Because of such actions, your bottom line hurts.

Also Read: Why Is Now the Best Time to Upgrade to Magento 2

Some Magento 2 Security Industry Compliance:

While hiring a Magento development company, you should always keep in mind that your Magento 2 security capabilities should always comply with some legal regulations. If the privacy of the store and customer data is compromised, then you might have to pay a heavy price lawsuit.  Let’s check some of the data laws here below:

PCI Compliance:

The payment card industry requirements refer to the Magento businesses that accept online payment via the credit card that protects the card band, customers as well as the merchants. Since the payment is indispensable to ecommerce websites, Magento2 store owners should process sensitive data that includes personal information, credit card numbers that are attractive targets of cyber criminals carefully. Failing to comply with the PCI laws not only means momentary penalty imposed by the card issuers, but also customer dissatisfaction and bad brand reputation. For PCI compliance, you need to

  • Build and maintain a secured network
  • Use strong access control measures
  • Protect the cardholder data
  • Monitor and test the networks
  • Maintain an IT security policy

Cookie Law Compliance:

To collect and analyze the customers’ behavior on ecommerce Magento development websites, there are cookies that are used as temporary information holding places. The store owners can measure the traffic patterns, improve the overall business performance and personalize the customers’ shopping experience and also boost the revenues. If you want to secure your Magento site, then you should obtain the customer consent to use the cookies that include the implied consent and expressed consent.

GDPR Compliance:

It has been a few years now that the General Data Protection Regulation has become a compulsory for websites that deal with personal data. GDPR covers the various fields of personal data and protects it. In case you don’t comply with the law, you might have to pay a fine based on your annual global sales.

Also Read: Tips to Boost the Performance and Functionality of Your Magento Website