How Business can address the Security Concerns of Online Shoppers
It’s no secret that cybersecurity is an epidemic problem that affects online businesses on a global scale. E-commerce businesses are especially affected by data breaches because it weakens the consumer’s trust in online businesses to protect their personal data. In response to the growing number of breaches, governments and enterprises alike are stepping up to the plate to provide sustainable solutions to the problem. The UK is aiming to become a world leader in cybersecurity by investing a substantial amount of money (to the tune of £70 million) in the Industrial Strategy Challenge Fund . The fund represents the government’s commitment to increase funding in research and development by £4.7 billion over a four year period. One of the primary goals of the investment will be to supply the industry with the money necessary to design and develop state-of-the-art hardware that’s more secure and resilient to common cyber threats. The logic stems from the fact that cybercriminals are constan...