Retailers Are a Growing Target
Today's reality is that retailers are an attractive target for cyber attackers. While breaches don’t always make national news, the attacks are growing in frequency for several reasons:
Less Mature Security and Compliance Programs
Most retailers struggle to match advanced security technologies, security best practices, and large IT teams of larger enterprises, often leaving them exposed to loss of trade secrets and intellectual property.
Retailers no longer have a simple on-premises network, and increasingly use mobile, cloud-based, or hybrid solutions. Increasing number of applications create potential weak links and vulnerabilities exposing the retailer to loss of sensitive customer data, financial fraud, and business disruptions.
Cybercriminals often view mid-sized organizations as a prime entry point into a larger target, as we’ve seen with many highly-publicized data breaches at large organizations.
Retail Industry Challenges
The retail industry is facing a dramatic increase in attacks that exploit weaknesses in payment card data security. The Payment Card Industry Data Security Standard (PCI DSS) contains data security measures that must be implemented for storing and transmitting cardholder data:
- Build and maintain a strong network
- Protect cardholder data
- Maintain a vulnerability management program
- Implement strong access control measures
- Regularly monitor and test networks
- Maintain an information security policy
Failure to comply with PCI DSS regulations can result in substantial financial penalties and retailers could even lose the ability to accept card payments.
The PCI DSS requirements are meant to provide retailers with a framework for defending against these attacks and protecting customer data including credit card information. However, simply meeting a PCI checklist at a point in time does not guarantee that systems are secure around the clock. There is a need for continuous security monitoring and assessment of security controls and best practices as well as continuous vulnerability assessment.
Investments in security monitoring technology are often underutilized because organizations do not have enough staff or time to get value from these tools. Monitoring thousands of log events and managing system vulnerabilities is an extremely challenging task.
How Cygilant Helps Retail Organizations
Due to limited IT budgets, it is common for retail companies to have a small IT team tasked with all aspects of IT operations. As a result, lean IT teams are challenged to protect their critical IT assets from cyber attacks and comply with regulations.
Cygilant’s SOCVue services offer an affordable set of subscription-based services to deliver increased security visibility and guidance effectively reducing cyber risks and meet compliance requirements. Cygilant can help you monitor and protect your network from a costly data breach, as well as help, meet many privacy requirements. Our team of GSOC security analysts, working as an extension of your IT team, provide 24x7x365 monitoring of your IT environment to detect, analyze and respond to suspicious activity from cyber attacks. We conduct periodic vulnerability scans and provide guidance on fixing vulnerabilities and patches based on business risk to continually reduce the attack surface, all the while providing an auditable record to help you meet regulatory requirements.
We save our customers 100s of hours and 1000s of dollars every week, and give them peace of mind with 24x7 detection and response to security incidents and vulnerabilities. Get in touch to learn how we can help your organization be more resilient to cyberattacks and compliance mandates.