Eight Reasons Why Cyber Attacks Hit Retailers

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Tap-to-Pay (NFC)

Near Field Communications (NFC), the technology that makes “tap to pay” or “mobile wallets” possible, is a security risk because retailers can’t control who is accessing their system. In the event a customer’s phone gets hacked, a virus could be easily injected into a retailer’s network by simply giving access to the NFC outfit. With mobile wallets like Apple Pay and LoopPay being built into smartphones, this hacking method will start to become more popular and prevalent for retailers.  

2014 was a rough year for retailers. It felt as though a major retailer was breached every few weeks, leaving consumers and stakeholders not only more and more frustrated, but increasingly concerned for the safety of personal information. With limited IT resources and massive amounts of customer data to protect across multiple endpoints, effectively monitoring and defending the network from vulnerabilities is no easy task – regardless of the size and financial stability of the organization. Thankfully, it’s not a lost cause – implementing a cybersecurity solution that can continuously monitor the network and automatically detect, engage and remove malware, will multiply the effectiveness of a security IT team and expand their capabilities.

Hexis Cyber Solutions, a provider of advanced cybersecurity solutions for commercial companies and government agencies, has highlighted eight reasons why retailers have become such a prime target for hackers and why these vulnerabilities need to be taken into consideration before their company becomes the next cyber attack victim to make front page news.


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

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