industry unlocked
all about the long-term impact to their
brand. In the online world of today trust
is the new currency for businesses.
Especially in retail, security can’t be
ignored – it is among the most attacked
verticals Akamai sees. In the first week
of July 2018 alone the Akamai Intelligent
Platform witnessed 29.767.361 attacks
on retail companies, more than four
million attacks per day. 21.767.356
of these attacks were SQL injection
attacks. SQL injection attacks allow
attackers to spoof identity, tamper
with existing data, cause repudiation
issues such as voiding transactions or
changing balances, allow the complete
disclosure of all data on the system,
destroy the data or make it otherwise
unavailable and become administrators
of the database server.
To gain and maintain the trust of their
customers, an online retailer needs to
identify security risks and threats and
www.intelligentciso.com
|
Issue 04
A total of 70% of
consumers want to
be assured that their
financial and personal
information is safe
yet only 44% of
retailers are actively
informing them.
protect their products and services
from vulnerabilities and threats in
real-time, without compromising on
the user experience. In my view online
retailers should use security more as a
business driver.
Data privacy initiatives like GDPR in the
EU and the numerous headlines about
website data breaches makes consumers
warier about their digital entity.
Customers therefore use trust as
decision criteria in their buying process.
A retailer with strong cybersecurity
measures and clear security and
privacy messaging will therefore have a
competitive advantage.
Laurance Dine, Managing Principal,
Investigative Response at Verizon
Retailers are under constant pressure
from cybercriminals that know that
there are rich pickings to be made
by stealing customer data and
payment card information. Perhaps
unsurprisingly, Verizon’s 2018 Data
Breach Investigations Report found that
payment card skimmers were one of
the biggest cyberthreats that retailers
face – alongside denial of service and
45