Retail
Recent surveys have placed the retail sector at the top of the list for the highest amount of intrusions, making it a prime target for hackers. Since many stores process millions of transactions annually, it stands to reason that hackers who are able to breach their networks would also acquire access to enormous amounts of customer information that they may use for identity theft or to resell.
Managing the Threats and Risks
You're vulnerable.
Malicious actors are aiming to steal over $6 billion annually from businesses via cyber assaults. Due to the vast quantities of customer information that retailers' systems process and store, they are uniquely vulnerable in today's cyber landscape.
It can happen to all businesses.
Target, eBay, and The Home Depot are just a few of the retailers and shopping platforms that have recently had high-profile security breaches. During in-store cyber attacks, perpetrators steal payment information from automated teller machines in checkout lines. Hackers get access to site records in order to steal sensitive data such as payment information, usernames, and passwords that they may then use on other websites.
Your reputation is at risk.
Retail cyberattacks do much more damage to organizations by losing consumer confidence. When a security breach makes the news, consumers are reluctant to use their credit cards or shop at the affected stores for a prolonged period of time.
We can do more.
Businesses in the financial, production, entertainment, and media sectors have always paid more attention to IT security than businesses in the retail sector. Most shops choose to follow the basic requirements of the credit card industry because they need to cut costs and make a profit on very small margins. To keep up with the risks, retailers should take steps and promise to keep improving their cybersecurity.
We can help.
Maintaining a safe and secure network and a careful eye on potential threats are essential to any company's day-to-day operations. As ransomware has become increasingly common in recent years, hackers may be more bold in their demands. Kairos Defense can help protect your business, schedule a free consultation today.