Business and Threats Essay

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When individuals have complete access, they can withdraw money or request goods and services just like actual credit card owners. Credit cards are susceptible to phishing, where cybercriminals use deceptive links that appear similar to those of legitimate businesses. Clients are deceived into sending money or making requests on fraudulent websites, allowing the cybercriminals to collect funds meant for a specific company. In pharming, imposters manipulate and direct clients to fake websites.

The company can convince clients by providing information about changes to the website and improved delivery through a link, or by mentioning a merger with another renowned company. Cybercrimes such as identity theft, pharming, and phishing have detrimental effects on a company, leading to financial loss and a decline in loyal clients. The company also becomes vulnerable to competitors and may lose market share based on the severity of the cybercrime.

Without taking any immediate action, a business is likely to shut down.

Ensuring Security in Businesses

There are several important methods for minimizing threats in a business. These include regularly assessing the hosting web service, internet provider, web design, and software used by the company. It is crucial to constantly enhance the e-commerce website to make it harder to manipulate. Additionally, security threats such as viruses should be promptly addressed.

Companies must implement digital certificates to enable encryption of all personal data received from clients. It is crucial that employees do not have easy access to any credit card information of customers. Additional caution should be exercised when delivering large orders or dealing with easily resold goods.