{"id":19161,"date":"2019-07-24T16:27:25","date_gmt":"2019-07-24T13:27:25","guid":{"rendered":"https:\/\/www.x-cart.com\/?p=19161"},"modified":"2024-11-22T16:37:40","modified_gmt":"2024-11-22T13:37:40","slug":"online-privacy","status":"publish","type":"post","link":"https:\/\/www.x-cart.com\/blog\/online-privacy.html","title":{"rendered":"Online Privacy in eCommerce: 6 Key Takeaways and Shocking Stats You Didn\u2019t Know About"},"content":{"rendered":"\n

This blog post was originally contributed by Jason Chow, a Marketing and Outreach Manager at WebHostingSecretRevealed.net<\/a> (WHSR). <\/em><\/p>\n\n\n\n

The eCommerce landscape has changed much since the early days of Amazon.com. Technological innovation fueling this industry has allowed the explosive growth of cross-border trade. It is expected that by 2021, retail eCommerce sales will reach almost $4.9 trillion<\/a>.<\/p>\n\n\n\n

Yet this massive industry has grown beyond the major eCommerce companies, and new competitors are entering the market. Developing technologies such as in digital payments system processing and shipping models have enabled even the smallest companies to join the eCommerce scene. <\/p>\n\n\n\n

In such a lucrative market, data has become the new oil. Both cybercriminals and regulators are increasingly looking towards eCommerce sites from different sides of the field. <\/p>\n\n\n\n

As eCommerce merchants<\/a>, are you aware of what is going on regarding user data in real life? How do you protect your privacy online? And, what you should know about eCommerce website privacy?<\/p>\n\n\n

\n 1. Three Billion Data Records Were Compromised in 1H 2018 <\/h2>\n\n\n
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\n \"Three<\/picture> <\/div>\n
\n Source: Gelmato <\/figcaption>\n <\/figure>\n <\/div>\n \n\n\n

According to the Gelmato Breach Index, there have been more than 14 billion data records lost or stolen since 2013. Of those, more than 3 billion in the first half of 2018 alone. Two of the main causes were cybercriminals and accidental loss.<\/p>\n\n\n\n

The age of digital has expanded the use of technology around the globe. eCommerce platforms are one of the major congregation points where large amounts of user personal data are stored. With data breaches on the upward trend, how prepared are you in safeguarding the privacy of your customer information?<\/p>\n\n\n\n

Suffering from a data breach can have a very significant impact on any digital platform or social media sites. As an example, Google closed it\u2019s Google+ platform (the social networking site) after the exposure of more than half a million Google+ users\u2019 data. Where eCommerce is concerned and payments information is involved, the impact on internet privacy protection will be even greater.<\/p>\n\n\n\n