With financial institutions such as banks and eCommerce websites facing constant threats from cybercriminals and attackers, the need to secure them is of utmost importance. That is why EV SSL certificates are essential for these websites. Apart from the high-level security, these certificates are a sign of quality and trust, and it ensures peace of mind for both banks and their customers.
EV (Extended Validation) SSL certificates generate confidence and trust in customers. It makes the customers think that the bank cares about their security, and takes their personal data security seriously, and is not willing to compromise on anything. Provided by specific certificate authorities (CA), an EV SSL certificate symbolizes confidentiality, integrity, and data reliability. For the Banking sector, EV SSL is an ideal way to secure the domain and below are few benefits of having EV SSL.
The Advantages of having EV SSL Certificates
Phishing Attack Prevention
In 2017, the number of phishing attack attempts worldwide was around 250 million. In 2018, it doubled to reach 482.5 million times. A significant chunk of these attacks is directed towards banks and financial institutions. Phishing is a process where an individual or group tricks you into sharing sensitive information about yourself or your business. They can ask for your bank account number, PIN number, login credentials, or even biometrics.
Malware Attacks Prevention
5% of all malware attacks are directed towards banks and financial institutions. Proper protection against such attacks is thus imperative. A recent example is the infamous Zeus attack on several thousand accounts of the prestigious Bank of America. Having an EV SSL certificate is tantamount to declaring immunity from such attacks.
Prevent Email Attachment Attacks
When it comes to banks, cyber-criminals still depend on the age-old model of attacks via emails. According to a study, 85% of all malicious emails are in the form of .doc, Xls, pdf, .zip, or .7z. A lot of employee training is necessary to correctly identify, flag, and avoid such spurious emails that can compromise data integrity. Or you could just get an EV SSL certificate. EV SSL certified websites are equipped with identifying malicious emails and effectively countering them.
Meticulous and Diligent Validation
There is a big difference between domain-validated certificates and EV SSL ones. In the first instance, one needs to request it, and it can be granted if one has a valid email address, or if one owns the domain. But it also means big trouble if the site has already been hacked, and someone else is using your credentials to do the same. It requires a very low level of validation.
A person who requests it may be anyone, the third party with a leaked account or a rogue employee. You never know. This is where an EV SSL certificate is different, as well as a much more severe form of validation. There are many more additional security checkpoints to pass.
The website is subjected to a very comprehensive level of testing before the EV SSL certificate is granted, thereby signifying its authenticity. Without proper and in-depth knowledge, these certificates are not issued, which is further proof of its soundness and reasonability.
Improved your site’s SEO
It was recently announced by Google that having an SSL certificate with your website will boost your search engine optimization (SEO) during a google search. It simply means that Google will increase your visibility to individuals looking for a product or service. This is even more optimized with EV SSL certificates. Banking websites are laced with sensitive information like bank account numbers, passwords, PINs, and other login credentials.
Having an EV SSL certificate is a guarantee that financial institutions such as banks and other eCommerce websites conform to the highest security standards. These certificates are proof of the validity of your business, which automatically enhances your SEO.