The retail industry has undergone significant transformation in recent years, with new technologies and digital channels changing how consumers shop and interact with brands. However, this transformation has also brought new challenges, particularly in cybersecurity.
In December 2013, retail giant Target experienced a massive data breach that compromised the personal and financial information of approximately 40 million customers. Hackers accessed Target’s network through a third-party HVAC contractor’s compromised credentials. Once inside, the cybercriminals installed malware on Target’s point-of-sale (POS) systems, allowing them to steal customers’ payment card data, including names, card numbers, expiration dates, and CVV codes.
Talk to an Expert
Cybercriminals target the retail industry by exploiting vulnerabilities in POS systems. They may use malware or compromised credentials to gain unauthorized access and steal payment card data or other sensitive information during transactions.
With the rise of online shopping, e-commerce platforms have become attractive targets for cybercriminals. They may attempt to breach website security, compromise customer accounts, or intercept online transactions to steal personal and financial information.
Cyber attackers often employ phishing techniques to trick retail employees or customers into revealing confidential information or clicking malicious links. Social engineering tactics can manipulate individuals into divulging sensitive data or providing unauthorized access to systems.
Retailers rely on complex supply chains, making them vulnerable to cyber-attacks. Hackers may target suppliers or logistics partners to gain access to retailers’ systems, compromising data integrity or injecting malicious code into products or software updates.
DataGuard can perform risk assessment and analysis on your retail business. It can help you understand the security gaps and prioritize the investments and strategies that will significantly impact the business. Employee training, security solutions & technologies, and compliance & regulatory support are some of the expertise that DataGuard can bring to your company as it evolves.
Run a Cyber Health Check
Guardian Absolute Program is DataGuard’s flagship comprehensive cybersecurity solution to protect organizations against various threats, combining security technologies, methodologies, and best practices to create a robust defense posture.
See More