Chinese eCommerce companies paranoid after breaches
After Dangdang, a Chinese eCommerce website, had the information of 12 million users compromised last week, it and many other websites are nervous about data security in cyberspace, according to People Daily. Chinese websites including Tianya, Kaixin and others apparently experienced data leaks.
"Dangdang explained that only a small fraction of the account information circulating online belonged to Dangdang users, and that all of the verified account information predated June 2011," according to the news source. "Later, Alipay responded that only account IDs had been leaked and that user passwords and funds stored by Alipay were safe."
Since the hackings, the Chinese Ministry of Industry and Information Technology has worked to increase internet data security. The department is trying to improve at least 10 search engines in China by making sure real results are higher up. Chinese ecommerce companies may want to invest in a PCI compliance program to help keep customers' information safe online.
According to a study by SecurityMetrics, 71 percent of merchants who entered the study were found to store unencrypted cards, an 8 percent increase since 2010. Chinese and other merchants should follow PCI DSS standards to decrease data breaches.