Hello Genius,
If you have decided to read this blog, you should know what MLM Software is? What Data security is? Now, you may want to buy your MLM Software, but don’t know where to start. And why is data security important in MLM software? Then, this guide may help you out and give a clear understanding of a few vital importance of data security in MLM Software.
This article will clarify the things you need to take into consideration before launching/developing your MLM business.
Data security is very tough, not only for MLM business. It is very critical for all businesses. Whether your company is small level or medium level, or multinational brand.
A little bit of data inaccuracy can wreak havoc on your whole organization. Most of the companies are also responsible for the security and confidentiality of their customer data and other important information. It is same for MLM business.
Let’s deep dive into this article about data security in MLM software!
MLM Security
Probably we know, MLM is mainly based on product sales, so it is heavily reliant on e-commerce to create sales and promote the business online.
Processing orders, processing credit card payments, storing and managing user or customer data are just a few of the tasks that an e-commerce platform may handle.
Because these data are more vulnerable to fraud, they should always be stored in encrypted format, and plain storage should be avoided. MLM also necessitates the storage of distributor data, downlines, commission plans, and payment information.
Data Security Features of MLM Software
The basic security features of the MLM software that should be included are as follows:
- SSL (Secure Socket Layer ) Encryption
- PCI DSS-Payment Card Industry Data Security Standard
- IP (Internet Protocol) blocking
- DDoS- Denial of Service
- Encryption of Database
- Encryption of Password
- Backup-Database
1. SSL Encryption (Secure Socket Layer)
SSL is a security-based technology that encrypts data transmitted between a web browser and a web server.
The SSL certificate is provided by the host provider and must be installed in order to use SSL (Secure Socket Layer) encryption.
Why SSL?
This encrypted link has 100% guaranteed the data security and obstructs unauthorized data access.
How to understand the website implementing SSL?
The same can be deducted from the website’s address bar. In the website’s address bar, the address indicates https://. The address bar of a website that does not have SSL displays http://, indicating that the website is unsecured.
If a customer provides any information relating to his credit card information, the information is sent in plain text between the server and the client, making it vulnerable to unauthorized access or hacking.
2. Payment Card Industry Data Security Standard (PCI DSS)
The PCI DSS is an important data security standard for the security required by all the providers of the credit card.
Card providers should be PCI compliant. This standard should be followed by all the organizations which process, store or transfer the cardholder details or data. So, this MLM software and MLM websites must adhere to PCI.
Important steps involved in the PCI compliance are as follows:
Access:
To detect security vulnerabilities, established business processes for card processing, and a list of the suppliers IT assets.
Remediation:
Reducing the amount of cardholder data stored to only what is needed to fix and avoid the vulnerabilities
Reporting:
After obtaining the card suppliers through frequent security monitoring, the reports are compiled.
Why PCI?
Its main motive is to obstruct fraudulent activities involved. The PCI Security Standards Council administers the PCI standard. If anyone is not PCI compliant, you may lose eligibility to accept payments via credit card completely and also need to face the charged fine.
3. IP Blocking
The Internet protocol, which is delivered by cloud service providers and software, is referred to as IP.
Why IP Blocking?
The organization can use this IP blocking solution to prevent a group of people or a single person from accessing your website. IP blocking is vital for data security; the IP can be blocked if any fraudulent activity is detected. Your MLM software should have the same ability to restrict any IP or a range of IPs.
4. DDoS-Distributed Denial of Service
DDoS refers to a Distributed Denial of Service Attack. It is a service attack and not a security feature.
Why should DDoS be taken care of?
Any security features on your MLM program to prevent this cyber assault should be added. This assault inhibits clients from accessing your website and temporarily limits access by increasing unlawful website traffic.
Because of the unauthorized heavy traffic generated by hackers, the website will react slowly. As a result, the MLM software should take specific steps or prepare to develop a security feature to counteract the DDoS attack.
5. Encryption of Database
Strong encryption mechanisms should be used in your MLM software to prevent data from being vulnerable to malicious or fraudulent actions.
NSA (National Security Administration) defines the rules and regulations to store the data of credit cards.
Why Encryption of Databases?
Encryption techniques will be useful to avoid keeping credit card data in plain format. It’s important to remember to keep the credit card data’s security code in an encrypted format. Encrypted data will be used to secure the database as a whole.
6. Encryption of Password
The password you submit in the MLM program should be encrypted in any portion of the application. Ascertain that the software vendor stores the password in an encrypted format using the MD5 encryption algorithm.
Why Encryption of Passwords?
If passwords are stored in plain text, they are more vulnerable to hacking or other fraudulent operations aimed at gaining illegal access to customer and distributor accounts. They may also have access to the admin account, which has an impact on the entire firm.
7. Backup-Database
Backup is also included in the security precautions that should be implemented in your MLM software.
Why Backup-Database?
If you lose all of the data connected to your customers, distributors, commission payments, commission plan, merchant account, and product details, it will have a significant impact on your MLM business.
You must have a backup of the MLM program in order to restore data in the event of data loss.
To avoid data loss, MLM software should provide daily or weekly data backups.
Learn more about the significance of backup and restore in MLM software.
Conclusion
Finally, you will be able to comprehend why data security is critical for MLM software after reading this article. To promote your MLM business more safely, ensure that the MLM software supplier is taking care of these security aspects and that the same is implemented with advanced encryption techniques.
Data security is critical in MLM Software to improve overall business productivity by safeguarding customer and organization data. Choose an MLM software vendor wisely to protect your MLM business’s consumer and organizational data.
