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Since the first online stores opened their virtual doors, there has been cyber-criminals trying to swindle funds from these depots. According to a report from the Verizon Data Breach Investigations, 61 % of attacks against online stores and shops are performed to obtain credit card information. Despite new security measures taken by different payment vendors like PayPal and MasterCard, there are still many ways to convert stolen credit card data into Bitcoins. Once a vendor has sold data to the highest bidder, the money is literally untraceable. Payment agencies have demanded websites to improve their customer shopping experience by implementing vital security measures such as meeting the PCI DSS (Payment Card Industry Data Security Standards). Major concern for online shopping websites is a PR disaster that breach data statutories and can lead to a drop in business for the website.
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