What is Self Sign SSL Certificate?
If a website which has limited pages and less number of users, then self-sign SSL certificate is a good option.
Drawbacks of Self sign SSL Certificate
If the self-signed SSL certificate installed on an e-commerce website, the users will feel the risk of data and information theft and quit their shopping which affects the online business and owner’s reputation as well.
Recently Google Announced Self-signed SSL certificate will not be considered as HTTPS signal, on August 2014, Google announced websites with HTTPS/SSL will earn a ranking boost in SERP and due to this move over 1% query have been affected. Google investigated Self-signed certificates doesn’t worth as HTTPS ranking signal due to its less security and trust factor. Finally, they decided to flag it from HTTPS ranking Signal.
A website which collects user’s sensitive and personal information should not install the Self-Signed SSL Certificate. Banking, E-commerce, Social Media, Health Care, Government Sectors are one of them.