Cybersecurity extended for
Extend your threat defense for e-commerce apps
a risk and responsibility
E-commerce companies collect numerous types of valuable customer data from payment card information to consumer personal identification information (PII), to purchasing history and shipping locations such as home addresses. As stewards of consumer data, e-commerce companies have an obligation to safeguard this data from cyber criminals. The bad guys are always looking to pilfer payment card information to conduct fraudulent transactions, or weaponize the e-commerce app to infiltrate the enterprise, causing every more harm.
of all cyberattacks target retailers/e-commerce1
of all publicly available apps contain vulnerable external software libraries and SDKs, or access to private cloud services like AWS2
Global average total cost of a data breach3
- Trustwave’s 2020 Global Security Report
- Symantec Sept 2022 article: “Mobile App Supply Chain Vulnerabilities Could Endanger Sensitive Business Information”
- IBC 2022: https://www.ibm.com/reports/data-breach
How are cyberthreats against e-commerce apps possible?
Many e-commerce companies outsource the development of their mobile apps. As a result, their apps may contain vulnerabilities that put them at risk. Often times, CISO and SOCs do not monitor threats within e-commerce apps or the devices connecting to them, and this is a problem. Just because you have a contract with an external app development company that says they are responsible for securing the app – don’t be fooled. When attackers overpower your e-commerce app to gain access into your enterprise, the buck stands with the CISO.
E-commerce companies, often larger brands developing multiple apps across teams, use cross-team vulnerable libraries in their apps, or use common components in their development chain that are not up to today’s robust cybersecurity standards. The only way to ensure a secure app development supply chain is to add comprehensive cybersecurity to your e-commerce app.
Most e-commerce companies we talk to have not yet integrated security into their CI/CD app development processes, meaning there is most-likely a blind spot in the e-commerce company’s product development process, as well as weak spot in their cyber defenses. The fix is simple. Make security an essential component in your digital development process. It’s easy to do, it doesn’t add lots of time or costs if you choose the right cybersecurity vendor, and new potential laws like the EU Cyber Resilience Act might make securing your apps a business imperative in the coming months and years. Don’t wait. Shift-left your CI/CD app development process with security to be ahead of the curve.
App security is now a C-level concern.
E-commerce customers expect to conduct business via apps, and they expect security and data privacy. However, most mobile apps have weak protection, making them an easy target for cybercriminals. Many new types of cyberattacks occur through mobile apps such as the highly dangerous mobile screen overlay attack, putting consumers and e-commerce retailers at risk of losing billions each year. With that much money on the line, it’s easy to understand how app security has become a boardroom topic of concern.
XTD leads the pack.
Verimatrix XTD is the leader in mobile app cybersecurity. We offer a cloud-based cybersecurity solution for e-commerce retailers that predicts, prevents, detects, and responds to threats against mobile apps. We also help customers monitor the extended endpoint of connected devices.
As the leader in Extended Threat Defense for e-commerce retailers, Verimatrix safeguards today’s top brands, ensuring they meet financial regulatory compliance requirements while enhancing their threat defense capabilities.
Verimatrix recognised as a sample vendor in the Gartner© Hype CircleTM for Application Security”
2023 Gold Award Winner
XTD: built for securing e-commerce apps
What’s our secret sauce? Verimatrix XTD analyzes data to predict attacks on financial institutions and provides robust app protection before attacks can happen, expanding your ability to monitor an ever widening attack surface.
Agentless, zero code
Monitors unmanaged devices
Threat hunting service
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Deploy our cloud-native XTD platform in minutes to protect your apps.