Retailers Must Adopt a Proactive Intelligence-Driven Security Strategy

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Retailers are under siege from cybercriminals.

With the advent of e-commerce over two decades ago, the retail industry entered into the digital age where retailers have the opportunity to collect more information about their customers than ever before. Shortly after online shopping became popular, the stakes grew significantly for organizations to protect their customer information and keep their websites available.

This digital transformation did not end with the e-commerce channel as connected devices have made their way into physical stores in the form of point-of-sale (POS) systems, kiosks, and handheld devices — all designed to collect and access customer information. With the introduction of public WiFi networks in many retail chains, consumers are now using their own mobile devices to look up products, price compare, and even check out in the store. This multi-channel, digital selling experience has forced retailers to share customer information across disparate systems via the internet, exposing their business to hackers and creating a true cybersecurity challenge.

Standards Don’t Equal Security

Currently, the sheer volume of consumer information present in retail systems encourages attackers to monetize hacked data on a large scale. Cybercriminals are trading… To read the rest of the post, visit the Recorded Future blog.

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