Elevate Your Black Friday Security: A Proactive Approach

In our ‘Tipping the cyber scales’ report, IT and security leaders said they are facing a critical challenge. Despite allocating resources and increased cybersecurity budgets, a striking 65% report feeling less secure than ever before, highlighting their concerns over cyber risks. This heightened sense of vulnerability is primarily attributed to the relentless rise of malware, ransomware, and phishing attacks.

And with Black Friday upon us, the retail frenzy is a prime time for cybercriminals. To navigate this critical period successfully, retailers must adopt a proactive and multi-faceted approach to security, going beyond conventional measures to safeguard their businesses and customers.

Statistica predicts the cost of cybercrime will reach $15.63 trillion by 2029.

Retailers need to start by understanding which investments are having the biggest impact on reducing the attack surface and mitigating risk.

65% of IT and security leaders report feeling less secure than ever before

Statistica predicts the cost of cybercrime will reach $15.63 trillion by 2029.

Here’s 5 strategies to mitigate your security risk:

1. Behavioural Biometrics
Go beyond passwords and CAPTCHAs. Implement behavioral biometrics to analyse user behavior patterns, such as typing speed and mouse movements. The implementation of behavioral biometrics adds a layer of security that is difficult for cybercriminals to replicate, making it a valuable tool in the fight against fraud.

2. AI-Powered Threat Detection
Leverage artificial intelligence to proactively identify and respond to emerging threats. AI-powered security solutions can analyse vast amounts of data to detect anomalies and potential attacks in real-time. This allows for a rapid response to potential threats, minimizing the impact of a security breach.

3. Supply Chain Security Audits
Extend your security focus beyond your internal network. Conduct thorough security audits of your supply chain partners to identify and mitigate potential vulnerabilities. Remember, a security breach in your supply chain can have just as much of an impact on your business as a direct attack.

4. Dark Web Monitoring
Actively monitor the dark web for signs of data breaches or leaked credentials related to your business. Proactive monitoring can help you respond swiftly to threats before they escalate. Early detection of a data breach can significantly reduce the damage caused.

5. Employee Training
Continuously upskill your employees on the latest cyber threats and social engineering tactics. Conduct regular phishing simulations to test their awareness on how to respond and report it. Your employees are your first line of defense against cyber attacks, so investing in their training is crucial.

By implementing these advanced security measures, retailers can not only protect their customers' data but also safeguard their brand reputation and bottom line.
Remember, the cost of a security breach can be far greater than the investment in preventative measures.

To help you get started we're offering a free PASR assessment