CYBERSECURITY FOR THE RETAIL INDUSTRY

Retail companies are increasingly adopting technologies like cloud computing, mobility, BYOD, and social media to enhance customer engagement and operational efficiency. However, they often lack proper precautions to protect themselves from malicious attackers who aim to hack into their computer networks and steal sensitive customer information. Hackers are developing software to break into retailers’ point-of-sale systems, stealing customer data and selling it on the black market.

This is becoming more common, prompting the need for a tiered information security management system (ISMS) to protect cardholder data, critical information systems, web applications, and e-commerce sites 24/7. Attack vectors include POS systems, web applications, wireless networks, malware, and more. Given the global hyper-connected environment, it is crucial to assess, manage, operate, and monitor these disparate systems to ensure their safety and security.