Electronic commerce, commonly known as e-commerce, is the buying and selling of products and services over the Internet. With the expansion of the Internet as a popular shopping medium, e-commerce has extended the reach of businesses to a global scale. There is no longer such a thing as a truly “local business”, as businesses now have the ability to reach potential customers all over the world — an impossibility before the advent of the online storefront.
This virtual commercial space has revolutionized the way we shop. For the sake of convenience, online shoppers may now keep their private information on file, so that for future transactions, customers need not go through the time-consuming process of re-entering their shipping address, billing address, and credit card information. With such sensitive information on file, businesses in the e-commerce industry can become an easy target for hackers and fraudsters. But by simply implementing additional security measures, businesses can protect their online customers from credential theft.