Retail Technology Insider
  • About
  • Brands
  • CXOs
Subscribe
No Result
View All Result
  • Digital Transformation
  • Customer Experience
  • Cybersecurity
  • Paytech
  • Supply Chain
  • Resources
    • COVID-19
Retail Technology Insider
  • Digital Transformation
  • Customer Experience
  • Cybersecurity
  • Paytech
  • Supply Chain
  • Resources
    • COVID-19
No Result
View All Result
Retail Technology Insider
No Result
View All Result
Home Cybersecurity

Retail Remains Top Target for Cyber Attacks

by Chelsea Barone
October 18, 2017
in Cybersecurity
Reading Time: 4 mins read
A A
Share on FacebookShare on Twitter

Retailers, whether online or bricks and mortar are top targets for cyber attacks all year long.  During National Cyber security Awareness Month it’s a good time to take stock of why retailers remain an attractive target and what tools are available to help thwart cyber attacks.

We all recall the massive retail data breaches in recent years (e.g. Target, Home Depot, etc.)  that have most assuredly prompted stronger, more comprehensive cybersecurity strategies among retailers, so we wanted to call out some headlines that shed light on its importance and the very real risks that come with underestimating today’s cyber threats.

 

Kaspersky, Russia and the Antivirus Paradox

RTI has covered the retail reaction the Kaspersky news a bit already, but Wired’s Brian Barrett takes a deeper dive in what antivirus software actually does and how the Kaspersky situation leverage those abilities to gather U.S. intelligence. He compared Kaspersky’s scenario with North Korea’s use of Hauri, a South Korean antivirus maker that provides services to the country’s military.

Barrett made a poignant statement about the reality of antivirus software: “The two incidents underscore a troubling truth either way: Antivirus software can pose major risks, whether you’re an intelligence service or an everyday computer user.”

While this reality is, indeed, chilling (perhaps seasonally appropriate), it’s important to understand the very real vulnerabilities to cyber attacks that come with something meant to protect companies against them. Something to consider as we approach holiday shopping season.

Read the whole story here.

 

For Retail Startups, Security is Paramount

If massive retailers like Target and Home Depot are susceptible to cyber attacks, you can imagine that the risk increases exponentially for budding retail companies. For that reason, Anna Johansson shared four ways for retail startups to better protect their cyber entities on GeekTime.

Johansson explained the multi-facet approach to threat prevention that retailers have to take in order to succeed. “Retail businesses face a level of security challenges that many other businesses in other industries don’t have to deal with. Not only do retailers have to worry about cybersecurity and data protection, but they also have to be cognizant of things like burglary and shoplifting.”

Her tips included securing the physical premises, protecting your website, encrypting all data, and limiting access to all company assets.

Read the whole story here.

 

Equifax Data Breach Poses Massive Threat to Retail Accounts

Several industries are still reeling from the recent Equifax data breach and the retail world is no exception. Lisa Fickenscher of the New York Post explained exactly how this data breach endangers retail accounts.

“One particular brand of cybercrime against shopping sites, called ‘account takeover,’ thrives on exactly the kind of data that’s been spilled at Equifax — namely, shoppers’ names, e-mail addresses, credit card information and preferences,” reported Fickenscher.

As a result of these hacks, retailers often face massive revenue losses in the refunding of fraudulent charges. We can only assume that effect will magnify in the approaching holiday shopping season.

Read the whole story here.

To learn more about retail technology best practices and trends, subscribe to Retail Technology Insider’s newsletter here. If you’d like to share your professional insights about the industry, please reach out to us here.

Tags: Cyber AttackscybersecurityEquifaxGeekTimeHauriHome DepotKasperskyNational Cybersecurity Awareness MonthNew York PostRetail StartupsTargetWired

RELATED POSTS

To Fight Online Retail’s Phishing Problem, Enhance Microsoft 365 with Additional Email Security
CXOs

To Fight Online Retail’s Phishing Problem, Enhance Microsoft 365 with Additional Email Security

November 3, 2022
Customer Data
Brands

Balancing Customer Data and Trust

April 14, 2022
Are You Enhancing Your E-commerce Site for the Holidays?
CXOs

Are You Enhancing Your E-commerce Site for the Holidays?

December 11, 2019
Next Post
Knowledge Graph

DOWNLOAD: Knowledge (graph) is Power

Knowledge Graph

What’s a Knowledge Graph and Why Should Retailers Care?

Subscription Box

Achieving Customer Personalization Goals with a Subscription Box

TRENDING NOW

  • Loyalty Marketing: Playing the Personalization Game to Win

    508 shares
    Share 203 Tweet 127
  • Headless Commerce: Creating the Right Store Using Headless Commerce and Innovative API Integrations

    522 shares
    Share 209 Tweet 131
  • How Do Customer Demographics Impact Shopper Behaviors?

    502 shares
    Share 201 Tweet 126
  • Marketing Strategies for Perfume

    503 shares
    Share 201 Tweet 126
  • Four Benefits of AIOps for the Retail Sector

    530 shares
    Share 212 Tweet 133

CONNECT WITH US

BECOME AN INSIDER

Get Retail Technology Insider news and updates in your inbox.

Strategic Communications Group is a digital media company that helps business-to-business marketers drive customer demand through content marketing, content syndication, and lead identification.

Related Communities

Financial Technology Today
Future Healthcare Today
Government Technology Insider
Modern Marketing Today
Today’s Modern Educator

Quick Links

  • Home
  • About
  • Contact Us

Become a Sponsor

Retail Technology Insider offers content and advertising sponsorships to leading technology solution and service providers. Interested in becoming a sponsor? Contact us!

© 2023 Strategic Communications Group, Inc.
Privacy Policy      |      Terms of Service

 

No Result
View All Result
  • Home
  • About
  • Brands
  • CXOs
  • Categories
    • Digital Transformation
    • Customer Experience
    • Cybersecurity
    • Paytech
    • Supply Chain
  • Contact Us