Magento, an Adobe company will end support for all the versions of Magento 1 after June 2020. End of Support means no bug fixes or security patches available for Magento’s 1.x e-commerce platform.
If you still have your online store on Magento 1.x, here are 3 compelling reasons to migrate to Magento 2, BigCommerce, or Shopify.
In April 2020, Visa announced urgent action is required to migrate from Magento 1 and prevent the loss of payment card data, as well as what the penalties would cost for that breach of data.
PayPal stated if you are currently integrated with Magento 1. You must migrate to Magento 2 or another platform before June 30, 2020, to Maintain PCI compliance, not just with PayPal but with all credit card processors.
(3) The FBI
In May 2020 the FBI (Federal Bureau of Investigation, Cyber Division) sent a Magento plugin vulnerability alert.
FBI in a flash security alert said that hackers are exploiting a three-year-old vulnerability in MAGMI (Magento Mass Import) plugin, for Magento 1.x stores. The hackers are using this vulnerability to take full control of the targeted Magento 1 stores and plant a malicious script to record and steal the payment card data of buyers.
FBI advised that store owners should update their Magento 1.x stores, not just the MAGMI plugin, to version 2.x to continue receiving security updates.
As per Requirement 6 of the PCI DSS, merchants need to “develop and maintain secure systems and applications by installing applicable vendor-supplied security patches.” However, Magento 1 stores will not be able to meet this requirement after Magento 1 End of Life, June 2020.
What will happen if you run your store on Magento 1 after June 2020:
• High risk of data breaches, which could lead to fines, penalties as well as damage to your brand and reputation.
• Your store may become a target for hackers as there won’t be any upgrade or security patches.
• Your store will fall out of Payment Card Industry Data Security Standards (PCI DSS) compliance.
We are here to help as a leading e-commerce agency with industry experience of more than 16 years. ioVista ensures you that the Migration of your e-commerce platform will not only safeguard your store from risks of payment data security and PCI non-compliance but also enhance the UI and performance of your store.
Book a free consultation session with our one of e-commerce specialists to learn how easy and secure it is to migrate your Magento 1 store.