A lot has been said about Magento 1 end of life. The dangers that are waiting after EOL for Magento 1 store owners are real. Adobe confirmed the need to upgrade to Magento 2.
Now Visa voices its concerns and urges merchants to start the migration process before it is too late.
Visa Raises Concerns about Magento 1
The date of Magento 1 end of life has been known for a while now. After June 2020, Adobe will completely stop supporting the first versions of its eCommerce platform. The company will no longer release quality fixes and security patches.
The latter concerns the Visa payment processor, and it has shared its worry with the public.
After Magento 1 EOL, stores still running on this version will be exposed to Magecart attacks. Vulnerability to different types of attacks will prevent companies from passing the PCI compliance checks.
According to Visa, Magento 1 store owners will have to deal with the following problems:
- Unavailability of upgrades and security patches can lead to store instability and extreme vulnerability.
- Some Magento modules and extensions may become unavailable, as their developers will concentrate on releasing Magento 2 solutions.
- As time goes, it will become extremely difficult to come across development companies offering Magento 1 support services.
- Merchants won’t pass PCI compliance checks.
- Stores will become vulnerable to hacking attacks, and data compromise will be a constant threat.
Do you want to know more about Magento 2 Migration?
Check the article Magento 2 Migration: Business & Technical Sides. It provides a detailed overview of the process, explains how to avoid expensive mistakes and perform Magento 2 migration without a hitch.
The Importance of PCI Compliance
PCI compliance is important for online merchants who want to work with payment gateways.
Such checks are performed every 90 days. Thus, Magento 1 store will not be able to use the majority of payment gateways within three months after EOL.
Visa names the PCI DSS Requirements 6.1 and 6.2 as the most challenging to meet. According to these points, systems should be up to date with security patches provided by vendors (in our case Magento). Businesses are required to have policies and procedures in place to track all known vulnerabilities and develop patches accordingly. Moreover, they need to be able to demonstrate that such procedures meet the PCI requirements.
Also, merchants that fail to patch the detected vulnerabilities in their M1 stores won’t be able to pass the Approved Scanning Vendor (ASV) checks.
The need to upgrade to Magento 2 before Magento 1 EOL is imperative to ensure data safety and compliance with all requirements.
Protect Your Business with Magento 2 Upgrade
Up to date, there are 179,460 live Magento websites, and only 53,462 are running on Magento 2. Magento powers 12% of all online stores worldwide. All these companies can fall out of business.
Right now is the best time to upgrade to Magento 2. Magecart attack, which entails adding malicious code to the website and stealing payment card data for further use or sell on the darknet, threatens millions of users. According to data by RiskIQ, over 2,086,529 instances of Magecart attacks were detected during 2010-2019.
Top Reasons to Upgrade:
- PWA support
- Ajax cart
- Improved caching system
- Faster PHP 7 framework
- Improvements in hosting framework
- Simplified admin navigation
- Third-party integrations
Magento 1 store owners need to act now, as an upgrade to Magento 2 takes at least three months.
GoMage has already migrated more than 70 projects by date and offers a 20% off Magento 2 upgrade until the end of May 2020 to support businesses during the crisis.
While your competitors are laying low amid COVID-19, up your game and meet Magento 1 EOL fully equipped.
The migration to Magento 2 starts from €499, and we urge you to leave your email for a precise quote.
