As retailers expand their online operations, the sheer expanse of their attack surface makes protection more difficult.
A core principle in e-commerce security is that more fraud always accompanies more transactions, increasing retailers' risk.
The security threat from an airborne information transfer is obvious—any in-range reader could capture the same information.
Even companies that send employees home with proper safeguards face challenges, but those relying on uncontrolled employee-owned phones, computers, and internet to get work done “are sitting ducks” when it comes to data security.
Hackers are now using the frenzy around the coronavirus COVID-19 pandemic to put malware on computers to steal personal or business information. With more and more employees working from home without the protection of corporate cyber security measures, it will likely get worse quickly.
CEOs and corporate boards of directors are recognizing that a greater amount of dynamic risk attaches to cyber security-related matters than to physical security issues. However, survey results do not indicate a diminishing role for physical security. Instead, respondents tended to report a unified security plan.
It’s evident that there is a new battleground for loss prevention. The product exists as bits and bytes, and it won’t be carried out of stores or looted from warehouses. Indeed, the threat is data theft.
The rapid change in retail is making it increasingly difficult for us to mitigate risk of cyberattacks. We must remain vigilant and take a balanced approach that focuses on prevention and how we respond to a cyber event. Here are some trends to consider.
A new report reveals that a majority of consumers demand trust, security, and data privacy, and also expect their digital transactions to be fast and frictionless.
CONTROLTEK, an industry leader in cash logistics, has published a series of articles about cryptocurrency in collaboration with Loss Prevention Magazine.