Cyber Security Hits Close To Home
Whereas we all thought the internet was a perfectly safe place to post everything from selfies to credit card information and identifying data, alas, it’s anything but.
This is why Cyber Security Month, which falls in October, is a great time for retailers to take stock of their cybersecurity and put in place measures to protect their businesses.
What Is Cyber Security Month?
While it used to be the domain of professionals, information security, also known as cyber security, has become a mainstream concern.
It’s not just businesses that are paying attention. Governments and political organizations are paying attention to the threats that pepper cyberspace
Cyber Security Month In The EU
To help raise awareness of cybersecurity best practices, a number of events
are available throughout the year.
Part of the problem we all face with cybersecurity is not knowing what matters. Whether you are an executive or retail entrepreneur, attending one of these training sessions and events can help you get grounded in the fundamentals.
Cyber Security Month In The US
Not to be outdone, the US also marks a month-long cybersecurity event in October. Going by the name National Cybersecurity Awareness Month (NCSAM), it is a project of the Department of Homeland Security
If big governmental organizations are onto the cybersecurity threat, maybe it’s time businesses figured out what the threats are and how to safeguard themselves. Come to think of it, when a breach occurs, it might be too late.
Dispelling Common Myths About Cyber Security
Partly because the word “cybersecurity” is so technical-sounding, it conjures up all sorts of impressions. The problem here is that having distant notions about the subject is one of the biggest culprits for maintaining myths about cybersecurity.
The Ponemon Institute
found that only 42% of institutions had a “high” degree of ability to mitigate IT risks. Most had approaches that were reactive and focused on what they call the “hack du jour.”
Take a look at some of these myths identified by cybersecurity organizations to see if you are placing your organization at risk
It Doesn’t Affect Us
As reported in ZDNet
, one of the biggest myths about cybersecurity is thinking that you are not in the sights of criminals as a business.
It’s easy to see why. After all, perhaps, you might never have been hacked before.
The publication notes that there is no room for complacency, even if you’ve avoided getting hacked before. British pharmaceutical and advertising businesses were among those caught in the crossfire of a Russian hack on Ukrainian computer systems in 2017.
If you sleep on cybersecurity, even an attack on third parties could affect your systems in damaging ways.
Getting Hacked Is An Embarrassment
We live in a world today where the hackers are increasingly more sophisticated and diffuse. What this means is that an attack can come from anywhere. It can hit anyone, even the best prepared technical organizations.
Forbes notes that the old notion
that getting hacked is an embarrassment has become a myth. Even web giants like Google or Facebook are increasingly susceptible to getting hacked.
It’s every retailer’s responsibility to safeguard against the potential of getting hacked. Never think that your systems are so good that they can’t be breached.
Data Breaches That Shook The Cyber World
From state governments to the most reputable corporations, just about every business type you can think of has been hacked. If you needed any further proof of this, consider the range of truly staggering data breaches that have occurred just within the last decade.
New Threats In The Business Sector
A data breach of this scale was unprecedented, and Yahoo suspected that “state-sponsored actors” were involved.
We might never know all the details, but suffice it to say the hack shed light on the terrifying capabilities of today’s hackers.
Government Organizations Not Immune
Meanwhile, in 2017, hackers from North Korea
were suspected to have hacked the US and South Korea, making away with 235 gigabytes of military documents.
If national governments, with all the resources they have to secure computer systems, are not immune from breaches, hardly anyone is.
Hints And Tips For Online Retailers
The threats retailers face in this digital space are vast, but that should not be cause to throw our hands up in despair and give up the cause as lost.
Below, we’ve curated some of the best tips you can use to tame your cybersecurity. As you will see, getting the basics in place can move you up the security ladder, making it harder for hackers to hack you.
Comply With Security Guidelines
Terra Nova Security advises
retailers to begin with abiding by compliance guidelines. The EU, for example, has put in place security compliance guidelines for businesses that store user data. You have to do these things anyway. Make sure your data storage systems and behavior meet the requirements of the law.
The firm also advises training your employees to make sure no-one exposes the firm to attack. Even basic training for employees with access to data can be useful. Senior information security personnel will need to be up to date in their field.
Safeguard Payment Gateways
A key weakness point retailers should focus on is the payment gateway. Transform Solution recommends
making the payment gateway secure your top priority. You can use SSL certificates and encryption to improve the integrity of payment data during transactions.
In addition, My Total Retail reminds retailers
to posture against distributed denial of service attacks (DDoS). These are mass attacks that swamp your servers with fake traffic to bring the servers down.
Securing Your Retail Business Against Hacks
In preparing for Cyber Security Month, there’s a lot retailers and other businesses can do to transact more safely. Avoid the mistake of thinking that hacks only happen to other businesses, not yours. Educate yourself and your team on the essentials of data security, and put in place safeguards against potential breaches. The alternative could be costly.