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Cyber crimes are projected to cost the world $6 trillion in 2021. In this video, Sakshi from Web Scoot discusses the basics of e-commerce security. IBM reports it takes 280 days to identify a data breach. This year, a business will fall victim to ransomware every 11 seconds. Ignoring e-commerce security can lead to severe consequences: hackers can infect visitors with malware, businesses may face SEO penalties, and getting blacklisted can result in a 95% loss of organic traffic. Additionally, cleanup after a cyber attack is more expensive than preventative measures. The video emphasizes the importance of securing your e-commerce store and outlines 10 steps for better protection.