More systems connect via the Internet nowadays, which means that cyber security is on the rise. Cyber criminals target known vulnerabilities and smaller merchants because they are inherently less secure and do not have the IT knowledge to ensure their network is safe from a cyber-breach. Cyber security threats will increase for smaller business owners, as larger businesses employ security experts to lock down their network, leaving the criminals to target sites with minimal or no security.
Network security is often overlooked by the majority of smaller organisations, as they think the router/firewall they have installed will be enough to protect their business. In most cases, their devices have default configurations and a back door for hackers to penetrate and steal all the data. Network security should be a key part of any business set up to ensure that all data is protected. Cyber criminals are very sophisticated and always one step ahead; they are ready to exploit any vulnerability. Network Security is not just about buying and installing expensive equipment, it's about having a properly configured solution that is monitored 24/7 - RetailCompli provides a cloud-based managed service, removing the need for expensive equipment and personnel. Many network security threats today are spread over the Internet. The most common include:
Here at Retail Secure we will ensure that your business has a high level of network and cyber security in place. We will get to know your company and provide a bespoke service that is completely catered to your needs. This is what makes us stand out from other businesses; we don’t operate via a one-size-fits-all approach, and with our ground-breaking products, such as RetailCompli, you can be sure of a sophisticated and effective security system. From securing the cardholder data environment through network segmentation to providing guest compliant Wi-Fi, we ensure all elements of your business are secure so that you have the platform to grow. Get in touch today to discover more about what we can do for you.
Cyber security is something all businesses need to be concerned with. It doesn’t matter how big or small your company is, or what industry you operate in, network security should be a number one priority. According to an HM Government technical report, which was conducted by PWC, small business data breaches rose by 60 per cent from 2014 to 2015, and the number of breaches suffered by large corporations rose by 81 per cent. This represents a massive jump. If you don’t act now, your business is simply a sitting target. Keeping that in mind, read on to discover everything you need to know about cyber security today.
In recent years, there have been a huge number of data breaches. It seems that a week does not go by without news of a breach. And, we are only talking about the big breaches that are reported; there are so many companies that do not report cyber attacks. This is something the government is looking to crack down on. The Ashley Madison data breach is undoubtedly one of the biggest. Ashley Madison is a dating website for people seeking affairs. This breach was discovered on July 12th 2015, and 37 million customer records were compromised. The hackers, called the Impact Team, published a message on the computers of all employees, announcing the breach. They threatened to publish the names of all customers if the company did not take down the website, and they stuck to their threat. The Anthem data breach represents the biggest number of records compromised in the healthcare sector, which is increasingly being targeted by cyber criminals. More than 80 million people had their data compromised, and the breach went undetected for nine months. Other notable data breaches over the last year include those to TalkTalk, OPM, the Turkish Government, and Rakuten. Plus, there were more than 4,000 data breaches to local councils in the past three years.
While we have just mentioned high profile data breaches above, it is vital to recognise that no company is immune to the threat. A lot of small business owners believe that they do not need to take network security seriously, as cyber criminals are not going to be interested in their business. If you believe this, you could find yourself in deep trouble. Hackers go for the ‘big fish’ and the ‘small fish’; they see small businesses as an easy payday. They know that a lot of them do not have sophisticated cyber security measures in place, and thus that they can easily exploit the system for some quick cash. What you need to recognise is that all businesses have something that cyber criminals want, be it employee files, medical records, payment information, or something different. Thus, everyone has a target on their heads. Combine this with the fact that cyber criminals are getting much more sophisticated in their approach to cyber attacks, and you see the need to choose a security system with care. From ransomware to phishing, the approaches available are endless.
A lot of business owners underestimate the issue of cyber security because they do not realise how bad things get once a breach has occurred. Firstly, you will have fraud losses to contend with. Then, you will have to spend a considerable amount of money on investigating the breach and discovering the vulnerability in your security system so that it can be addressed. You will also need to compensate your customers who have suffered because of the cyber attack. If that wasn’t bad enough, you will incur non-compliance fines from your bank. If you take payment via credit or debit card at your business, you need to be compliant with the Payment Card Industry Data Security Standard. If you have not achieved PCI compliance, and you have suffered a breach, your bank will pass on the fine to you. It is likely that they will also terminate your relationship with them, or, at the very least, your interest charges will rise considerably. This is just the financial side of things. What about your customers? They will be angry, worried, and all loyal relationships will be broken. You are going to have to work hard and spend a lot of money to fix this.
You have an abundance of cyber security providers at your disposal, and thus the importance of choosing with care cannot be stressed enough. There are many different factors to take into consideration. Firstly, ensure their network security solution is PCI compliant. Don’t simply assume this will be the case. The company should also help you to complete the PCI self assessment questionnaire. You also need to look at the security features offered to ensure they are going to be sufficient. LAN segregation and the creation of a Cardholder Data Environment (CDE) are of paramount importance. At present, it is likely that everything at your business is stored on one open network. A CDE is created to segregate confidential data from all other traffic. This restricts access and reduces the chance of a data breach by a monumental degree. You should also take the time to read reviews that have been left by previous customers. You want to be sure the company has a good reputation in the industry. If they don’t, look elsewhere. You can’t afford to take a risk when it comes to something as important as the security of your business. Nevertheless, one company you can trust is Retail Secure.
Retail Secure leads the way when it comes to effective cyber security. Our cloud-based solution, RetailCompli, is a Level 1 Certified PCI DSS solution, guaranteeing PCI compliance. You will also benefit from a LAN segregation and the creation of a Cardholder Data Environment, amongst many other features too, such as a sophisticated firewall, 24/7 monitoring, and value adding services, including guest WiFi. To find out more about our network security solution, simply head to www.retailsecure.co.uk. If you have any queries, please do not hesitate to give us a call on +44 (0) 333 320 8848.