June 2020 will mark the end of Magento 1 support. And this time it’s for real. As you know, Magento dev team has already announced the end of life for Magento 1 to be November 2018 but then they decided to extend the support period because of how many merchants were not ready to migrate anytime soon.
All these M1 stores need security patches during the preparation and transition period. Magento team understands that and wants to give merchants as much time to move as possible. Yet the team needs to concentrate all resources on M2 development. And to do that they have to abandon Magento 1.9.x.
So Many Questions!
So the store owners who decided not to migrate yet are slowly drifting towards extremely dangerous waters.
Today the situation is changing extremely slowly. Merchants are reluctant to move to Magento 2.
We think there are 3 main reasons for this:
- merchants fear the cost of migration,
- they don’t fully understand why they need to move right now,
- they want things to “just work”.
For those of you who are on the fence about the migration issue, we want to give our top 5 reasons to migrate now so you can have all the info you need to make an informed decision.
What does end of support exactly mean? What are other implications of staying with Magento 1? Will the support and development cost rise for merchants who don’t want to migrate? We give honest answers to these pressing questions and offer our reasons to speed up your migration plans instead of putting them off for later.
Reason 1. No More Security Patches
E-commerce platform statistics can be all over the place but there are at least 651,000 Magento stores on the Internet. Would you like to take a wild guess how many of them are running on Magento 1.x instead of Magento 2.x?
More than a half.
Now imagine all of these stores lose the ability to get new security updates in one go. Overnight they become one of the most profitable targets for hackers and scammers from all over the world.
This is because any new vulnerability that hackers find from now on will never be officially patched. It will stay with the store forever, making it vulnerable to the same exploit again and again.
E-commerce is already one of the most profitable targets of online crime. And Magento 1 stores are just too many to not be specifically targeted by hackers (see our Magento security guide or get a complete security audit of your store).
Hackers are not always going for the money. Among other attacks are store defacing, injecting your site with malware to infect customer computers, making your store a part of their DDoS or mail spam botnet, establishing a backdoor for future use, hosting illegal content, etc.
Reason 2. Crippling Data Leak Fines
Lack of security leads to data leaks. And e-commerce sites have a lot of data that hackers are interested in. Among the most frequent attack targets are stolen CC data and personal customer info. Let’s take a closer look at the possible consequences:
- Leak of CC information will lead to large, potentially crippling fines from Visa, MasterCard, and other payment processors. Depending on the damage done, fines can be as high as $100,000+ or more. There is no upper limit to how much money it can actually cost you.
In addition, payment processors such as Stripe will freeze your merchant account during the investigation period further damaging your bottom line.
- Customers’ personal data is another major attack target that can lead to loss of business reputation and potential lawsuits. Being on the receiving end of the litigation process is not a fun experience. GDPR laws protecting customers’ personal data use are strict and lead to significant fines – up to €20 million or 4% of the total company turnover.
Reason 3. Lack of New Functionality
Magento 1.9.x is the final version of Magento 1. So in addition to security patches, Magento 1 stopped receiving new feature updates as well. Lack of new functionality in a changing and highly competitive e-commerce environment is a huge setback.
Even though you can easily supplement most features with third-party extensions, in the future it will be harder and harder to find new stuff: independent developers are not going to stick around for long. After all, no one is looking forward to get stuck on a stagnating platform.
New extensions will get released for Magento 2, making M1 a desolate and lonely place. Today Magento 2 default functionality gets updated with PWA capabilities, complex warehouse management tools, and other awesome features that will never come to Magento 1. Ever.
Reason 4. Subsequent Technological Lapse
The development and server environment is moving forward, too. Right now your hosting provider has to support dozens of configurations to ensure that every website and store runs on its recommended software.
This includes outdated PHP and MySQL versions, certain modules and solutions that are out of date or no longer supported by the development team. Even though right now it might not seem like a huge deal to you, as time goes on you will notice that your hosting provider will also urge you to move to a more recent server environment.
Reason 5. Raise of Development and Support Costs
The effort to maintain an aging environment and platform is something you have to keep in mind all the time. As new technologies replace old ones, you will find it harder and harder to find skilled developers that are willing to work on an outdated project using an outdated technology stack.
Right now, Magento 1 might seem pretty recent but further down the road, and especially next year when the official support ends, Magento 1 will feel older every day.
Is It the Right Time to Migrate?
June 2020 is closer than you think. Depending on your store complexity, the migration project can be as short as a few weeks or as long as a few years.
The duration will heavily depend on:
- the number of extensions,
- design and theme requirements,
- additional features,
- third-party extensions,
- the number of store views.
Invest in the move now to be ready for the June 2020 changes in time. Mitigate large data leak and credit card fines with a timely upgrade from an outdated platform.
Get our M1 to M2 migration checklist to examine all possible challenges and prepare for the migration. Also check out this brief overview to find out what businesses need to know before starting the project.
Hard to start alone? Want a dependable team to ensure your migration goes fast and according to plan? Let’s see how Onilab team can help you migrate in an efficient and timely manner. Get in touch to discuss your project challenges with the experts in Magento migration and optimization.