A recent report published earlier this year by the Identify theft Resource Center found that data breaches in the United States hit an all-time high last year with 783 recorded incidents, up over 27.5% since 2013.
Over a third of 2014’s security breaches occurred within the business sector, due in large part to increased hacker interest at targeting a lack of controls vulnerability within e-Commerce.
With fraudulent activity racking up billions across the nation, what are today’s commerce-driven businesses doing to remain proactive in the face of these facts and ensure customer trust?
Breaches should be frame of mind of every e-Commerce business, incorporated and considered across the business, in marketing campaigns and through comprehensive security initiatives. As of this week, the Payment Card Industry Data Security Standard (PCI DSS) has released an updated version of the compliance standard that umbrellas the industry, taking strides towards prevention and detection of cybercrime, but is it enough? As with most standards initiatives, compliance is essential. All areas of your infrastructure and network must be addressed to ensure full adherence to the requirements; even something as mundane as a router installed with the default passkey can be the differentiator between data protection and a breach costing you hundreds of thousands of dollars, not to mention your market reputation.
Often, following the minimally applied market standard is not enough. This is as true in your business strategy as it is in your technology and security practices. An effective tactic to position yourself above your competition is to strategically leverage today’s latest technology solutions to protect your business and your customers’ personal information, off-putting hackers to move on to easier prey. Contrary to popular belief, today’s cloud solutions are far more secure than traditional on-premise deployments. Having been implemented and aggressively developed over the past several years, the technology at the foundation of the cloud has become undoubtedly more dynamic and protected. Employing leading, innovative solutions across your business is a simple yet effective method for repelling cyberattacks and enticing the marketplace.
Mike Arvidson is the Director of Eide Bailly Technology
Consulting’s Infrastructure Services. With more than 20
years of experience in the IT industry, Mike’s wealth of
knowledge includes network systems implementation,
integrated new technologies, and information security.