9 Ways Online Retailers Can Protect Customer Data Privacy During the Holidays

Email     |     Share  
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11
Next 9 Ways Online Retailers Can Protect Customer Data Privacy During the Holidays-3 Next

Protecting Passwords

Passwords are often easy pickings for cyber criminals. To protect passwords, they should be stored using a cryptographically secure hashing technology, said Stephen Cox, chief security architect at SecureAuth. And because consumers are notoriously bad at coming up with unique or strong passwords, retailers should consider revamping password settings to ensure certain metrics, or perhaps even add a second layer of authentication.

A study conducted by KPMG last fall found that a growing number of consumers are leery of breaches and the loss of data privacy. As Forbes stated:

More than a quarter (27%) of the 1,400 U.S. consumers surveyed in November by KPMG said they would only shop at a store that previously experienced a cyber attack if they could not find the product elsewhere — with 8% refusing to shop at these stores at all.

Consumers have a reason to be concerned. Last holiday shopping season, IBM revealed that attacks against retailers are growing more sophisticated and targeted, which means that while there may be fewer attacks overall, they are gathering just as much or more data.

As we approach the 2015 holiday shopping season, it is up to retailers to do everything they can to protect their customers' data privacy. It's not an easy task, as Joe Schorr, director of advanced security solutions with Bomgar, stated in an email comment:

"Retail organizations are one of the most attractive targets for data theft due to the massive amounts of credit card information they process. Tools that allow IT departments or even outside vendors to remotely access and fix manned and unmanned systems are imperative in retail, but they're also one of the retail industry's biggest security weaknesses. Hackers are constantly looking to exploit unsecure remote access methods that turn them from outside attackers to privileged insiders and gain access to sensitive data and systems."

In this slideshow, Sue Marquette Poremba has outlined a few issues experts recommend online retailers consider before we hit the busy shopping season to better ensure their security is running smoothly.

 

Related Topics : Unisys, Stimulus Package, Security Breaches, Symantec, Electronic Surveillance

 
More Slideshows

biometrics Biometrics: Moving Far Beyond Fingerprints

Biometrics are changing the way we think about security. Here are some of the more innovative ways biometrics are being used and what we can expect in the future. ...  More >>

Privacy rollback Security Pros Give Their Opinions on ISP Data Privacy Rollback

IT staff, organization leaders, and the average citizen have all expressed levels of concern over the FCC about-face in regard to ISP privacy. Here’s what the security experts say. ...  More >>

IT security skills 7 Top Skills for Security Pros

Executives at several top tech firms outline the skills they need now and in the near future, including IaaS and IoT security expertise. Other skills listed may surprise you. ...  More >>

Subscribe to our Newsletters

Sign up now and get the best business technology insights direct to your inbox.