The boom of eCommerce development led to the emergence of various eCommerce development platforms and Magento eCommerce development turned out to be one of the most efficient platforms in a short period. Magento 1 has served many eCommerce businesses with its rewarding benefits over the years and still is in wide use despite reaching its end-of-life date. Although Magento 1 offers several advantages, using an out-dated version could pose significant security risks for the large number of online stores still running on the Magento 1 platform.
Adobe, which acquired Magento in 2018, Mastercard, and Visa are all urging eCommerce companies to update to the latest Magento version as early as possible to prevent becoming vulnerable to cyber threats and attacks.
Currently, more than 200,000 websites are still powered by Magento 1 even after it has stopped receiving official updates and support after June 30, 2020. Despite the fact that Magento 2 was released in 2015, and it’s been two years since Magento announced that Magento 1 will reach its end-of-life date, the Magento 2 upgrade rate is growing at a snail’s pace. Site owners are still thinking to hire Magento developers for upgrading their store to Magento 2.
This Magento 1 end-of-life date has already been pushed back twice, first from November 2018 to 1 June this year, and then from 1 June to 30 June after the outbreak of the novel coronavirus. Meanwhile, Adobe released its final batch security patches for Magento 1 versions on June 22, 2020, fixing two security vulnerabilities that could result in arbitrary code execution.
Adobe Gave Two Years’ Notice
Announcing the decision to stop providing security patches and updates for Magento 1 in September 2018, Adobe gave Magento 1 store owners nearly two years’ notice to migrate from Magento 1 to Magento 2 before it reached its end-of-life status on June 30, 2020. As revealed by Foregenix’s findings, security vulnerabilities were also widespread among Magento 2 websites with half of (49%) store owners running the latest release line presenting a ‘high’ or ‘critical’ risk. Foregenix categorizes websites as high risk if they don’t have critical framework security patches, security issues with website setup, known framework vulnerabilities, or non-card harvesting malware on their systems.
A cybersecurity agency located in the UK found out that hundreds of websites were compromised with malware loaders and skimmers used by cybercrime groups, for instance, those operating under the Magecart umbrella to exfiltrate payment information from infected web pages. Of the Magento sites infected with malware, about 79.6% were operating on Magento 1 platform and 20.4% were powered by Magento 2. Around 2,000 Magento stores were said to have been compromised in each of May, June, and July.
Low Magento 2 Migration Rates
Magento migration rates are very low. Most of the site owners are reluctant to migrate to the latest version of Magento probably because they are focusing on the higher costs and challenges associated with migrating rather than the risk and costs of a data compromise.
If you’ve indulged in Magento eCommerce development, you must consider keeping your store up-to-date with the latest Magento versions and security patches.
Updating Your Shopping Cart
Magento recently issued its final bundle of Magento 2 security patches, which included mitigations for two serious security vulnerabilities.
Losing PCI compliance or customers’ personal information can be a disaster for merchants that manage online transactions as it highly increases the likelihood of merchants becoming become liable for the damages caused to their customers, as well as having to pay the costs of a PFI investigation.
Therefore, merchants who are still running their websites on the Magento 1 platform are advised to urgently update to Magento 2, or any other eCommerce platform options as soon as possible.
When It Comes to Magento eCommerce Development, Think of Us
To prevent eCommerce businesses from unforeseen cyberattacks and malware infection, we encourage online merchants to upgrade to Magento 2 as soon as possible. You may hire Magento developers from us and they will help you with a smooth Magento 2 upgrade and migration with zero downtime. We are the most trusted Magento developers India offering a complete suite of Magento eCommerce development and support services to our global client base at affordable pricing. If you need rapid solutions to launch a Magento 2 eCommerce store within a minimum of 2 weeks, just contact us right away.
Frequently Asked Questions
I’m still running my store on Magento 1? Can you provide support for my Magento 1 store?
Yes, we can provide support for Magento 1. However, we strongly advise you to upgrade to Magento 2 version as early as possible to enhance your website’s security and functionality.
How much does it cost to migrate to Magento 2?
If you outsource your project to a Magento developer India, the cost will be cheaper than other countries. Typically, it may cost at least $3,000 to migrate a simple website from Magento 1 to Magento 2, including new Magento theme installation, extensions installation and configuration, data migration, popular payment and shipping integration, and more. As one of the most trusted and affordable Magento eCommerce development companies, we provide high-quality Magento support services at a very affordable price range to keep our clients happy and satisfied.
Why Should I Upgrade to Magento 2?
The first and foremost reason to upgrade to Magento 2 is that Magento 2 has reached its end-of-life date and is likely to become vulnerable to malware attacks and other cyber threats. Besides, page loads in Magento 2 are 30% to 50% faster than Magento 1. Moreover, Magento 2 websites can handle up to 39% more orders per hour with 66% faster add-to-cart times than Magento 1. Also, with proper hosting setup, Magento 2 stores can deliver prompt server response times for catalog browsing and overall enhance the shopping experience of customers.
