As the pandemic took its toll the shift to e-commerce stores got hastened by five years in just a matter of months. Making retail cybersecurity a crucial aspect for the business survival. More data travelling on clouds make it more susceptible to cyber threats.
Cyber security is not essential only for e-commerce businesses because the cyber attack may result in revenue loss but may harm the overall viability of the businesses and compromised the personal data of their clients.
Securing retail and eCommerce has always been a challenge for the experts due to the large surface area for attacks, making it an easy target for Threat actors. Lots of software integrations, multiple devices, several methods for connecting to the clients make it challenging for security teams.
Protecting your e-commerce business is as important as owning one. One must take necessary steps to guard against the upcoming cyber security threats to protect their sensitive data and follow regulations.
Best industry practices are mandatory to start with securing your organisation's critical data.
1. Encrypt all sensitive data
2. Take regular backups
3. Implement Network Security
4. Deploy POS malware
Following compliances is not only required to save financial penalties but to follow standard practices. This makes the brand trusted by clients and stakeholders.
1. PCI DSS Compliance
2. ISO 27001 Compliance
3. GDPR Compliance
Implementing best practices alone will not help, it is required to regularly mitigate the emerging risks in the network.
1. Red Team Assessment
2. Cyberattack Simulation
3. IoT Penetration Testing
4. Cloud Security Testing
Establishing the security framework with clear guidelines for risk handling and incident management.
1. Training employees
2. Creating security policies
3. Incident Response plan
4. Cyber Liability Insurance