Post by prantogomes141 on Feb 14, 2024 2:08:15 GMT -6
Incidents involving payment fraud, as well as other issues related to online security, have skyrocketed over the past few years, coinciding with the growth of the e-commerce industry. According to Insider Intelligence, card-not-present fraud is predicted to reach $13.73 billion by 2024 and will make up 74% of fraud overall in that same time. Besides protecting customers’ information on your site, it is important to delve into the inner workings of your e-commerce site to prevent fraud. One preventive measure to ensure your systems run smoothly is application performance management. If you are hacked, you’re legally obligated to inform your customers and the public.
Many countries require businesses to report any breach to the public, especially one that deals with personal and sensitive user data. In the U.S., for instance, most states will require businesses to report a data breach to its customers within 45 days, though this varies from state to state. Always be Honduras Telemarketing Data sure to stay on the safe side of the law when you suspect a breach, even when you’re tempted to sweep it under the carpet. Just because your customers don’t walk through a physical store doesn’t mean your e-commerce platform is above the law. Take time to ensure your online store meets stipulated regulations across all the jurisdictions where your products or services are sold to potential customers. Intellectual property infringement If someone uses another company’s intellectual property without its consent, accidentally or not, that company can ask for millions of dollars in damages.
Now more than ever, it’s easy to infringe on someone else’s intellectual property accidentally, so take as many preventive measures as possible. Even if you cite the source of the copyrighted material, the owner of that intellectual property can still file a claim against you. According to Ecomcrew, there are several effective strategies to help prevent intellectual property infringement. First, make your graphics for any advertisements or listings yourself. Second, consider all work as copyrighted unless you use a platform that requires a subscription fee. Third, consult a lawyer to make sure you’re not infringing on someone’s intellectual property. Citing the source of the intellectual property won’t protect you from liability, but there are also strategies you can use to protect yourself from being held personally liable for infringement. Set a standard for your employees. You, as a business owner, should not be involved in the day-to-day operations of processes that could involve infringement.
Many countries require businesses to report any breach to the public, especially one that deals with personal and sensitive user data. In the U.S., for instance, most states will require businesses to report a data breach to its customers within 45 days, though this varies from state to state. Always be Honduras Telemarketing Data sure to stay on the safe side of the law when you suspect a breach, even when you’re tempted to sweep it under the carpet. Just because your customers don’t walk through a physical store doesn’t mean your e-commerce platform is above the law. Take time to ensure your online store meets stipulated regulations across all the jurisdictions where your products or services are sold to potential customers. Intellectual property infringement If someone uses another company’s intellectual property without its consent, accidentally or not, that company can ask for millions of dollars in damages.
Now more than ever, it’s easy to infringe on someone else’s intellectual property accidentally, so take as many preventive measures as possible. Even if you cite the source of the copyrighted material, the owner of that intellectual property can still file a claim against you. According to Ecomcrew, there are several effective strategies to help prevent intellectual property infringement. First, make your graphics for any advertisements or listings yourself. Second, consider all work as copyrighted unless you use a platform that requires a subscription fee. Third, consult a lawyer to make sure you’re not infringing on someone’s intellectual property. Citing the source of the intellectual property won’t protect you from liability, but there are also strategies you can use to protect yourself from being held personally liable for infringement. Set a standard for your employees. You, as a business owner, should not be involved in the day-to-day operations of processes that could involve infringement.