Jan192023
managed eshopWooCommerce Vulnerabilities

WooCommerce Vulnerabilities JAN 2023

Be informed about the latest WooCommerce Vulnerabilities JAN 2023 Threat Case Study, identified and reported publicly. These breaches create even more problems and vulnerability exploitation with a severe negative impact on your recovery capabilities and business future. Contact us for our WooCommerce audit.

An approximated 1.870.000+ active WordPress e-shops are unable to serve their customers as planned, because of WooCommerce Vulnerabilities JAN 2023. It is a +225% INCREASE as targeted WooCommerce Vulnerabilities compared to last month. The estimated number can increase with premium versions and/or closed versions, as they are private purchases.

If you are serious about your business running an online shop, then you need to pay attention because your WooCommerce is the most crucial factor where disaster hits your customers. In this post, we will share all the latest WooCommerce Vulnerabilities to help you prevent your eshop from revenue loss and angry shoppers backlash. The following cases made headlines PUBLICLY just last month in the WooCommerce Vulnerabilities JAN 2023 category:

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WooCommerce Vulnerabilities

Running an online store pays you dividends beyond just having a good night’s sleep, knowing your customers will find your shop working from early morning to late midnight. The competition online is stiff, and many shoppers are looking for ways to get the best deals.

Any eshop module crash hits shoppers and owners hard. Downtime always has a per hour cost! As soon as your automated selling degrades or crashes, you start losing money. This is the revenue you forfeit every hour you’re down.

Are you able to prevent this? Maybe you depend on a non-existent lifeline!

WHY IS THE COST OF DOWNTIME CRUCIAL?

Cost of Downtime (per hour) = Revenue Loss + Productivity Loss + Recovery Cost + Intangible Cost (e.g. reputation, trust) + Aftermath Cost.

REVENUE LOSS

When your online shop is down, it will not be able to generate sales or revenue. The sad part is that online, your customers immediately go to your competition. This hits hard in the long run of any business.

PRODUCTIVITY LOSS

During downtime, employees get forced to stop working or have to shift to non-revenue-incurring activities, like getting systems back online, or even worst: just simply wait till it's all back online. So, the cost of downtime increases because salaries, which are fixed costs, will be paid regardless of how much work gets done in those hours.

RECOVERY COST

The cost of downtime is not the only number to consider. Disaster recovery and resuming normal business operations can be costly as well. When outside help needs to be involved, as soon as possible, then whatever that help is, it is a pricey intervention. Also, there is no time to negotiate, as pressure builds each hour being offline.

INTANGIBLE COST

When your reputation suffers, your business suffers. Even the slightest downtime can have a significant impact on your customer's trust to shift them to your worst nightmare: jumping ship to your competition.

AFTERMATH COST

Unfortunately, the costs keep accruing even after your store is working again. At a minimum, online experts (developers, system engineers, hosting support staff) need to find the root cause, solve it and implement safeguards against future outages. Again a new costly adventure, with an urgency pressure on it.

What is Vulnerability Knowledge?

As time passes, vulnerabilities are discovered in your plugins, theme and the version of WordPress core you are using. Those vulnerabilities (or Security holes) ALWAYS become public knowledge sooner rather, than later.

woocommerce vulnerabilities jan 2023

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ultraWP Managed ESHOP: WooCommerce Vulnerabilities JAN 2023 | Case Study Related Posts

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