EXPERIENCING A DATA BREACH?

THE CHALLENGES

As your digital footprint expands, so does your attack surface.

While the retail industry ramps up sales through information technology and interconnectivity of systems, it also opens itself to a multitude of new threats that could compromise their operational continuity and their customers’ security. The digital economy brings cashless transactions, inventory management tech, and the broad deployment of point-of-sale (POS) systems processing personal data. These, however, generate new threats and vulnerabilities, and the incentive for threat actors to exploit them.

DO THESE CHALLENGES SOUND FAMILIAR TO YOU?

Delivering a customer experience that enables increased and faster purchases may at first seem more important than maintaining robust security processes. However, in the long-term, this might prove catastrophic, as it may affect your organization’s ability to conduct business.

Top retailers leverage data-driven technologies to improve customer reach, boost sales, and fine-tune productivity. These valuable data, and the insights they provide, constitute a potential gold mine for threat actors who know how to monetize them.

Oftentimes, choosing the right technology to maximize the effectiveness of your operations does not involve considering their interoperability with regards to security. Incompatible technologies of varying levels of effectiveness can leave security gaps in your cyber defenses that are hard for you to spot, but easy for threat actors to exploit.

While your supply chain and stock control skyrocket their efficiency with the use of warehousing technologies, sales integrations and big data analytics, your operations depend heavily on your systems’ health status. Even a minor disruption or compromise of your systems and networks can bring your entire operations to a standstill.

Top retailers utilize multiple top-of-the-range payment technologies, including recurring payments through their mobile apps. This rush to outcompete their peers with the latest customer service approach often leaves security considerations behind, giving rise to new vulnerabilities of critical severity, exposing sensitive information to threat actors.

If one of your third-party providers becomes compromised, then so are you. Many third-party service providers approach their cybersecurity strategy as a mere minimum compliance issue. However, a vulnerability exploited through a security gap between your organization and a third party may result in a disruption in your operations, reputation damage and loss in customer trust.

HELPING RETAIL & E-COMMERCE ACHIEVE REGULATORY COMPLIANCE

The General Data Protection Regulation (GDPR) aims to harmonize and modernize data protection regulations for the citizens of the European Union (EU) with respect to privacy and security. It increases their rights regarding their personal information

The Payment Card Industry Data Security Standard (PCI DSS) is designed to ensure that all organizations that store, process and/or transmit cardholder data operate in a secure environment. Failing to comply leads to hefty penalties, fines and the risk of losing the ability to accept credit card payments.

ISO 27001 is the internationally recognized Standard for Information Security designed to provide organizations with a comprehensive framework and best practice guidance towards implementing an Information Security Management System (ISMS).

The Directive on security of network and information systems (NIS Directive) aim is to achieve a high common standard of network and information security which apply to operators of essential services and digital service providers (DSPs).

DISCOVER HOW WE CAN EMPOWER YOU TO BECOME CYBER RESILIENT

Discover your e-commerce site cyber defense vulnerabilities and configuration weaknesses before threat-actors do.

Get a Penetration Test

Outsource part of your daily security operations to a specialized managed security service provider.

Explore Odyssey’s MSS 

Identify your overall Exposure to Threats and decide on a proper Mitigation strategy.

Request a Risk Assessment 

Embrace the benefits of cloud adoption without sacrificing security.

Ask for Cloud Security Services

ADDITIONAL INSIGHTS

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EXPERIENCING A DATA BREACH?