With less than 6 weeks to run until Magento 1 ends support for all versions of its Magento 1 ecommerce platform as of June 30, 2020, payment merchants including VISA and Paypal are stepping up their communications to outline the implications for those retailers still on Magento 1.
Visa is urgent swift action is required for merchants to migrate to Magento 1 and is advising merchants to be aware of their responsibilities in securing their environment to help avoid any possible consequences that could results in the loss of payment data.
Since November 2018, Magento has announced their intention to end support on June 30th, 2020 for all versions of its Magento 1 ecommerce platform, which also includes security patches and any future quality fixes.
Payment provider Paypal has outlined the consequences of not migrating with the Requirement 6 of the PCI DSS which requires merchants to “develop and maintain secure systems and applications by installing applicable vendor-supplies security patches.” Paypal says ‘without future security patches, merchants on Magento 1 will no longer be able to meet this requirement, which could result in costly and time-consuming remediation.’
Those merchants continuing to use Magento 1 after June 30, 2020, will find their integration will be out of compliance with Payment Card Industry Data Security Standards (PCI DSS) according to the Paypal article.
And this doesn’t only impact Paypal customers. All payment processing companies, including VISA are following the same guidelines and are urging any online retailer still on the Magento 1 platform to consider migrating to Magento 2 or another platform.
Consequences of not migrating from Magento 1:
- Exposing your online business to the potential of becoming a security target without the protection of security patches and upgrades. Businesses need to be aware, if their systems are no longer maintained, they are leaving themselves open to vulnerability and potential security risks.
- Increased risk of data breaches that may cause damage to your business reputation
- Non-compliance with the PCI DSS. These are global standards established and set by card entities and apply to all merchants who process payments.
- With Magento no longer issuing security patches, online retailers on Magento 1 will not be able to meet requirement 6 of the PCI DSS that insists merchants “develop and maintain secure systems and applications by installing applicable vendor-supplied security patches.”
- Many of the module suppliers and payment providers will also no longer be supporting and upgrading their modules for Magento 1. So this poses further areas of vulnerabilities that a business should be aware of.
Retailers wondering if Magento will extend the date, especially given the COVID-19 situation, Magento have confirmed they will be stopping all support for Magento 1 as of June 30, 2020.
Williams Commerce are ready to support our existing and prospective new clients to make the migration from Magento 1 to Magento 2 or another alternative platform including Big Commerce with a Fast Track offer to get merchants replatformed in record time.
Our Fast Track offer for Magento 2 and Big Commerce is designed for any businesses that needs to go to market quickly or transition from Magento 1 quickly and cost effectively. Prices start from £18,750 with lead times to get you up and running between 60 and 90 days with a minimum viable product approach (MVP)