With Apple’s iCloud breach and Google’s plethora of leaks in Russia, cyber-crime seems to have taken the biggest and most ‘secure’ companies by surprise. Considering the huge amounts of online security breaches, this can easily be dubbed as the year of cyber-crimes.

eBay Inc (NASDAQ:EBAY) is one of the most popular and widespread domain for buyers and sellers in the world. It thrives on the interest of people from all over the world, who want to buy or sell goods with ease. It’s one of the largest online bargain websites; the sheer size of the company attracts a large number of hackers, who employ simple techniques to hack into user accounts.

Platforms, such as the javascript and Flash enabled on the eBay Inc (NASDAQ:EBAY) website leaves users vulnerable to spam and hack attacks. eBay Inc (NASDAQ:EBAY) is comparatively an older player in the running and should, by now, have realized the online threats and taken proper measures to ensure users’ safety.

In order to keep the running costs low, eBay Inc (NASDAQ:EBAY) has javascript and Flash running on their website, which leaves eBay Inc (NASDAQ:EBAY) extremely vulnerable to simple yet quite damaging breaches. With huge volumes of online user personal information and features that can easily be manipulated, eBay Inc (NASDAQ:EBAY) is a very sensitive online domain and an easy target to security breaches.

eBay Inc (NASDAQ:EBAY) claims that it’s quite challenging for them to keep a check on several ambiguous links on the site, which may direct customers to lesser secure areas on the internet where their private online data can easily be compromised. However, no matter how hard it is to have no loopholes in security features, eBay Inc (NASDAQ:EBAY) should rethink their security strategy. Otherwise, it might come across significant dips in their revenues and volume of account holders.

The most significant challenge for eBay Inc (NASDAQ:EBAY) that contributes to security beaches is its geographical size. It is a complete virtual neighbourhood of merchants, where buyers and sellers correspond with each other continuously. Such huge chunks of data leave a lot at stake and could result in a complete system collapse if hacking incidents continue at their current rate.

Security analysts have warned users against phishing techniques because they are quite discreet and disguised. A novice user may not be able to recognise such cyber traps.

Also, eBay Inc (NASDAQ:EBAY) needs to rethink its use of cheaper yet unsecure platforms such as javascript and flash generated features. These features make way for malicious activity on the site. eBay Inc (NASDAQ:EBAY) should keep the customer safety ahead of other targets and ensure that account holders are not left vulnerable to hackers.

eBay Inc (NASDAQ:EBAY) practices the two step verification system when setting up a password, and encourages its users to stay away from any dubious content on the website that might compromise their personal data. But there is a need to take more measures instead of just relying on the users to protect themselves.

eBay Inc (NASDAQ:EBAY) emphasizes on the fact that users should practice extreme caution is sharing their eBay Inc (NASDAQ:EBAY) account details on other websites. Otherwise it may put their information safety at higher risk. eBay Inc (NASDAQ:EBAY) officials believe that cyber-crime should be dealt with in an aggressive manner as it jeopardizes business. However whether the company is being “aggressive” or not remains to be seen.

Get Free Updates and Stock Alerts!

*We only send one email per week