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Cyber Security trends in the retail industry

Posted by: Ellen Grant Posted date: 31/05/2017

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It is vital within the retail industry that they are aware of possible threats due to some painful breaches in recent years. Recently our partner, SonicWall released its 2017 Annual Threat Report, detailing the biggest Cyber Security trends retailers faced last year:


Point-of-Sale Malware Creation Declined Drastically

These enhanced security measures caused POS malware creation to decline drastically. This was a great achievement, but it doesn't mean retailers should let their guard down.

 

Ransomware Held Profits Hostage

Retailers should be aware of a popular type of malware that plagued businesses in 2016: ransom ware. Ransom ware locks down systems until compensation is paid to regain access.  Retailers profit can be affected by downtime of their e-commerce websites so therefore cyber criminals are more interested in violating retailers.


Distributed Denial-of-Service Attacks Took Down Online Retailers

Cyber offenders hacked thousands of security cameras and other IoT equipment to launch the largest DDoS attacks in the history of 2016. This invasion caused major retail sites from being accessed by customers, including Starbucks, Etsy and Overstock.com. These attacks are likely to continue to plague retailers in 2017 for the same reason as ransomware. 


SSL/TLS Encryption Protected More Internet Traffic, But Also Gave Cyber Criminals a Way in

Retailers have used Secure Sockets Layer/Transport Layer Securit​y encryption to secure customer data via online purchases. This security measure has become frequent for businesses of all types. While encryption makes it harder for criminals to hijack customers payment information. it can also provide a back door into the network that cyber criminals can exploit to sneak in malware. It is recommended that retailers ensure their firewalls are capable of deep packet inspection (DPI). ​

If you want any more information on this and how to protect yourself, please contact Core today here​.


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