Data Breach! You must be hearing about this a lot in recent times. Unfortunately, data breaches are happening more frequently and retail e-commerce sites are the most frequent victims. Stealing credit card information will cause financial loss for your customer, in some cases, their identity will be stolen. It is your duty as an organization to protect the data of your customers.
The retail industry boasts the most number of transactions executed in any industry. It is cited that 22% of the total data breaches involved are from the retail industry according to a recent Global Security Report. In 2020, the average cost of a data breach will exceed US $150 million. This makes it highly difficult to work and operate in such a high-risk environment. However, the remedy to the problem is good quality security measures. With high-quality security measures in place, it makes it easier for the industry to function.
Protecting confidential data has become the top priority for organizations. The constant cybersecurity attacks have become a major concern for consumers. According to a recent survey on Data Privacy, 68% of consumers don’t trust brands with their personal data. Vulnerability Assessment identifies security loopholes within a network. Choosing the right vulnerability assessment tool could be a daunting task. There are tons of tools available in the market for Security Assessment. The following list is constructed based on its popularity, feature set and ease of use.
Cloud computing has transformed organizations completely and the growth of cloud has created new security challenges. Back in 2014 Code Spaces, a code hosting and software collaboration platform hosted its application in AWS was put out of business by hackers using DDOS (Distributed Denial of Service). According to Infosecurity Magazine, cyber attacks have doubled in 2017 and it will keep increasing in the future.