Here is the converted article in markdown format:
Retailers Face Persistent Threat of Data Breaches
A new report has highlighted the alarming rate of data breaches in the retail industry, with experts warning that the sector remains a prime target for cybercriminals.
Social Engineering Tactics: The Perfect Storm
According to the report, social engineering tactics such as phishing and pretexting are increasingly being used to compromise employee credentials and gain access to sensitive data. This, combined with poor password management and weak network configurations, has created a perfect storm for data breaches.
Common Attack Methods
The report also found that basic web application attacks and system intrusions are common methods used by attackers to breach retail systems. Moreover, the increasing reliance on third-party vendors has introduced new risks, as compromised supply chain partners can provide a backdoor into sensitive data.
Experts Weigh In
“It’s clear that retailers need to take immediate action to address these vulnerabilities,” said a cybersecurity expert. “The consequences of a data breach can be devastating, with customers losing trust and reputations being damaged.”
Mitigating the Risk of Data Breaches
To mitigate the risk of data breaches, the report recommends several measures:
- Providing employees with cybersecurity awareness training
- Implementing secure configuration of enterprise software and assets
- Deploying an access control management solution
- Utilizing account management tools
- Leverage user activity monitoring
- Managing third-party activities
Ekran System’s Insider Risk Management Platform
A leading provider of insider risk management solutions, Ekran System, has developed a full-cycle platform to help retailers detect and prevent insider threats.
“With our platform, retailers can monitor employee activity in real-time, receive alerts on suspicious behavior, and take immediate action to prevent data breaches,” said a spokesperson for Ekran System. “We believe that our solution is the most effective way for retailers to protect their sensitive data and maintain customer trust.”
Conclusion
In conclusion, the retail industry must remain vigilant against the constant threat of data breaches. By implementing robust cybersecurity measures and staying informed about emerging threats, retailers can minimize the risk of a breach and protect their customers’ sensitive information.
Try Ekran System’s Insider Risk Management Platform
Want to learn more about how Ekran System can help your organization detect and prevent insider threats? Request access to our online demo today and see why clients from 70+ countries already use our platform.