Tag Archive for: ECommerce

Catawiki Tackles E-commerce Security Threats, Malicious Bots

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More than half of cyberattacks on e-commerce websites in 2021 were carried out by bots, according to a report by security firm Imperva. Many of the bots displayed a high level of sophistication, effectively mimicking human behavior to evade detection methods.

While e-commerce security threats are a problem for a wide variety of online retailers, the most vulnerable among them are online auction sites — especially those that deal in high-end goods and services. Auction sites must continually evolve their security capabilities or else potentially fall victim to credential stuffing, data scraping, shill bidding and account takeovers.

Catawiki, a curated marketplace in Europe for luxury goods and specialty items, considers itself an attractive target for attackers because of its growth. The site has more than 10 million unique monthly visitors and more than 12,000 objects submitted to the site daily.

“We often have threat actors looking to take over valid user accounts so they can use them to buy things with the card on file or with a stolen card,” said Paul Moreno, CTO at Catawiki. “It’s something everybody in our business has to deal with.”

E-commerce security threats had previously overwhelmed Catawiki’s capabilities. The company’s security posture had declined over time due to a combination of technical debt and lack of vision. The result was an increase in brute force attacks and stolen credentials.

Moreno joined Catawiki in February 2020 to shore up the company’s security program. The impact of the cyber attacks was unacceptable, Moreno said. Breaches could result in fines for regulatory violations, potential lawsuits from consumers who experienced financial damage, and financial harm to Catawiki as a company. For example, an attack on Catawiki’s mobile app could lead to a spike in SMS verifications, each of which costs the company money, he said.

And then there was the potential damage to customer and employee confidence, which is priceless. “We want to maintain the image of a trusted platform, so it was extremely important to us to stop these attacks from happening,” Moreno said.

Retooling…

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China approves more cross-border e-commerce pilot zones_英语频道_央视网(cctv.com)

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BEIJING, Feb. 8 (Xinhua) — China’s State Council has approved setting up more cross-border e-commerce pilot zones in 27 cities and regions as the government seeks to stabilize foreign trade and foreign investments.

The new pilot zones, including those in Erdos in Inner Mongolia and the city of Yangzhou in Jiangsu Province, will replicate and advance the experience learned from the previous five batches of pilot zones, according to a statement released by the State Council.

While trying to promote the high-quality development of trade, the cabinet also stresses efforts to ensure national security, internet security, data security, and biological security to foster an amicable business environment for market entities.

China’s cross-border e-commerce has been expanding much faster than overall foreign trade, and its share in overall foreign trade has gone up significantly.

Since 2015, China’s State Council has established 105 cross-border e-commerce pilot zones in five batches. The new business model has become a vibrant force driving China’s foreign trade growth.

Official data shows that China’s total trade in goods moved up another notch in 2021, exceeding 6 trillion U.S. dollars for the first time, despite the pandemic continuing to weigh on global trade.  

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Business platforms and e-commerce at forum in Cuba – Prensa Latina

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The meeting, whose fifth edition is being held virtually, opened the doors to projects such as Large Business SMEs, an initiative of the Latin American Integration Association (ALADI), presented by the head of the Department of Agreements of that organization, Christian Leorux.

Likewise, the leader of the Dofleini Software project, Carlos Miguel Perez, showed his group’s work that offers, among other services, IT consulting, and facilitates the path of digital transformation for companies.

Dofleini Software, with some 40 specialists, showed its potential in computer products and services focused on solving demands related to computerization, as well as ensuring concrete and successful responses on professional solutions as an electronic commerce service in Cuba.

Among FELTi 2021’s speakers was Yoser Tapanes, head of the IT Applications Development section of Cuba’s Joven Clubs; and the director of the company of services, products and solutions for computer security, Segurmatica, Niurka Edith Milanes.

Likewise, the work for the modernization of the wireless network of services of the Cupet company, in charge of all oil and gas operations in the country, was presented.

The welcoming speech at the forum was given by the vice president of the Cuban Chamber of Commerce, Ruben Ramos, who stressed that FELTi 2021 will be the ideal space until next Friday for representatives of the national and foreign technological ecosystem.

He noted that the event has interactive spaces such as the round and the centers for business opportunities, solutions and services presentations, as well as an exhibition, which will host more than 250 participants.

‘The health emergency caused by the Covid-19 pandemic led to the digital transformation being experienced in an accelerated way, becoming a key element to promote innovation, competitiveness and the business of organizations,’ he stressed.

FELTi 2021, adjusting to this reality, began this Wednesday through Fevexpo, the first Cuban event management platform, developed by the computer applications company, Desoft, on Odoo technology, explained Ramos.

He pointed out that this virtual edition is expected to achieve greater cohesion in the…

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