Retail RisksCyber attacks are on track to cost companies more than $6 billion per year as malicious actors target everything from intellectual property to product data and email accounts. Retailers face greater-than-average risk in this new cyber security environment, thanks to the amount of consumer data handled and stored by their networks. Credit card information could be used to make fraudulent purchases, while personal and account data could be leveraged to create fake credit accounts or steal user identities. Remote work environments and protective restrictions due to the pandemic increased our reliance on e-commerce and online transactions, exposing vulnerabilities to cyber threats and attacks. Generic solutions offer some protection for critical data, but purpose-built retail data security solutions are now required to effectively mitigate retail risks, especially now with enhanced digital services such as BOPIS (buy online and pick-up in-store) and curbside pickup.
Sales and ServiceAt HALOCK, we’ve developed a range of industry-specific security offerings to help organizations meet InfoSec obligations and improve retail network security. Specially-designed for retail challenges, we can help balance security, compliance without disrupting the user experience (UX). Some of our most popular services to protect your sales include:
- PCI DSS Compliance: PCI DSS compliance is critical for any company that handles consumer credit card information; the regulation specifies best practices for storage, use and security that must be regularly evaluated. Our experts can help your organization obtain — and maintain — PCI retail compliance. It is essential to review your current compliance to plan how it impacts your transition to PCI DSS v4.0.
- Retail Security Engineering: What type of reasonable security spending makes the most sense for your needs and budget? HALOCK’s security engineers have the industry expertise you need to maximize the impact of security spending. With increased customer data and integration of cloud services, retailers need to identify, classify, and manage all their information and secure appropriately – which can be a significant project. We can streamline this process for you and incorporate the proper safeguards to help manage your sensitive data.
- Network Penetration Testing: From e-commerce sites to mobile payment applications, retail companies now use a host of open-source and third-party APIs and software to provide top-tier customer service. Before launching a new e-commerce app, validate it is secure to handle customers’ private data. Consider a Recurring Penetration Testing program to assess your safeguards throughout the year for a proactive security approach. Our penetration testing services help you discover and remediate critical application and service vulnerabilities. Read a case study about a retailer’s success with HALOCK’s penetration testing services.
- Incident Response and Digital Forensics: Retail security incidents happen — and when they do, companies need the ability to respond quickly and identify root causes. HALOCK’s incident response and forensic services help you mitigate incident impact and uncover attack origins. Our incident response management, process, and planning provide comprehensive coverage in the event of a security breach. Mitigate your cyber risk by being response-ready. Explore an ongoing program that gets in front of any potential threats or attacks with an Incident Response Readiness as a Service (IRRaaS) program.
- Third Party Risk Management (TPRM) /Vendor Risk Management: Ensure third-party partners are aligned with your organization’s risk controls. Vendors and contractors serve as an extension of your group. They represent you and should operate under your business requirements. A required best practice is to always conduct a supplier risk assessment to keep your vendors on point with your security posture. HALOCK can help build and manage a specific program for your retail or e-commerce environment.
- Risk Assessments and Risk Management Program: Regulations require your safeguards be reasonable to your organization, customers, and partners. With many frameworks available, how do you establish your acceptable risk? The Duty of Care Risk Assessment (DoCRA) helps you define a reasonable security strategy factoring in compliance and safeguards based on your specific business, objectives, and obligations.
- Privacy – CCPA is the most sweeping legislation to date in the U.S. that concerns the protection of personal information. It broadens the definition of what constitutes personal information and gives California citizens greater control over what companies can do with their personal data. This includes the right to exempt their own personal information from being shared or purchased on the open market. Understand the impact this change and other states’ requirements have on your organization. Know what private information you manage and where it is located to properly secure – conduct Sensitive Data Scanning as a Service (SDSaaS) to ensure you have a current data inventory of sensitive information.
- Cyber Security Awareness Training – With many employees now working remotely, they are targets for hackers. Ensure they understand the potential threats they may experience and best practices to prevent cyber attacks on your network or customer data. Security Awareness training will provide guidance on how to detect suspicious activity and what to do in the event of a security incident.
- Security Engineering & Tools: Ensure you have the proper infrastructure to defend sensitive data of your employees, customers, and more. Conduct security architecture reviews, sensitive data scanning, and implement threat monitoring programs to proactively secure against cyber threats. A consistent and steady review of your threat landscape is a best practice for your industry through a managed detection and response program (MDR) or Threat Hunting Program.
“Topics were explained in an easy to understand way.”
– Restaurant chain
One-Stop ShopIt’s our mission to help organizations improve their retail IT security by defining their acceptable level of risk; identifying their “duty of care” for cyber security; and implementing purpose driven solutions that empower compliance, mitigate attacks and establish a foundation for ongoing security success. HALOCK combines expertise in analysis and execution, allowing our teams to evaluate retail security deployments end to end and provide actionable recommendations. We recognize the key challenge for retail organizations — protecting consumer data while maintaining sales volumes and speed. HALOCK’s purpose driven security is designed to find the balance by deploying the right amount of security to defend critical assets without negatively impacting the IT or your customer experience – specific retail security solutions. A digital-first world demands new retail cyber security solutions to protect data and drive sales. Retailers require reasonable safeguards that balance an organization’s mission, objectives, and social responsibility. HALOCK can help. Let’s talk.
Reasonable Security is Now Defined
The Sedona Conference – an influential think tank that advises attorneys, regulators, and judges on challenging technical matters – just released its Commentary on a Reasonable Security Test. The Commentary is the first document of its kind that provides the legal community with a clear definition of a “reasonable” security control.