How does the security of an ecommerce portal impact on the business

The security of an ecommerce portal is crucial for protecting both the business and its customers. For businesses, robust security measures safeguard sensitive data, such as financial records and customer information, from cyber threats and breaches. This helps maintain the integrity of the business and prevents costly repercussions associated with data breaches, including legal liabilities and reputational damage. For customers, a secure ecommerce portal ensures that their personal and payment information is protected, fostering trust and confidence in the online shopping experience. Features such as SSL certificates, secure payment gateways, and data encryption are essential for safeguarding transactions and sensitive data. A secure portal helps in complying with regulatory requirements, such as PCI-DSS for payment processing, and contributes to overall customer satisfaction and loyalty.