According to research, approximately 50 % of medium to large online retailers have been hacked at one point in time. With the frivolous use of credit card information on all online shopping sites and retail stores, this is of course inevitable!

With cyber security attacks getting more sophisticated every day, online and physical retail stores need to beef up their security to prevent more of these data breaches. It goes both ways when it comes to securing user information.

UEBA Cyber To Beef Up Security For Retail Store

Users should be careful about entering their financial and personal information on shopping sites and stores. And retailers should focus on the use of more sophisticated technology that can help them amplify their stores security.

Revolutionary methodologies like the entity and user behaviour analytics have entered the market guaranteeing solutions for your security breach problems too. Opt for providers of top-notch services to secure your retail stores, and to ensure a safe experience for the users, even after they've exited or logged out!

Tips to Secure Retail Store against Cyber Threats

In a world where cyber threats are looming, taking preemptive measures remains a critical aspect of working against them. Here are a few tips that can help you prevent cyber-attacks from a retail store:

1) Check your internet connection

If you're an online retailer, you can easily secure your network parameters. It is essential to change WiFi password and use some of the hardest to discern passwords for you your internet devices.

The same applies to store retailers. Ensure that the passwords are updated every week. Use network names that are generic, and do not make your network stand out among the rest. If possible get your internet providers to limit the range of your internet signals to your store’s area only.

2) Implement a secure lock system

The introduction of a system that locks individuals who make multiple wrong attempts at entering the right passwords blocks "userslbokced". A notification regarding the failed attempt can tip you off allowing you to act accordingly.

3) Classify your data

It's important to classify your information in order to determine which section required more security. Your customer information is valuable as it contains their financial and personal information.
Once the more critical data has been identified, it's essential to work to secure the data using technologically advanced methodologies.

The minor of breaches of the critical user data can lead to loss, monetary and reputation wise.

4) “Authorized personnel only"

A retail business does not require all employees to have access to all the information and passwords. Limiting access to critical organisations information also helps reduce the risks of data breaches as fewer people can access vital company data.

5) Always be prepared

More important than working against security breaches is the ability of your cybersecurity system to take preemptive measures and prevent any security breaches. Opt for security methodologies like UEBA that take preemptive measures to provide your organisation with the security it needs.

How End User Behavioural Analytics Can Help Out Retail Store Security

There’s good news for real-time and online retail store owners. Conventional methods in data security have failed to prevent security breaches. Vulnerabilities in cyber security of organisations that the evolving security threats target, require revolutionary techniques that can help fortify your store’s cyber perimeters working proactively to prevent any cyber attacks

EUBA works by allowing your cybersecurity system to comprehend and discern unauthorised access. It also has the ability to identify any insider threats that your organisation may be facing.

To read more about how it targets insider threats read: How EUBA can help in encountering insider threats?

Here is how EUBA works to protects the cyber network of your retail store:

Analysis

The technology works to identify behaviours of users and entities and builds profiles on them. When used for retail shopping the profiles of individual shoppers are identified along with their patterns. The data is used to construct a baseline for an individual shopper.

Using statistical techniques, irregularities in shopping trends and anomalies in patterns are observed and noted.

Integration

The next step involves integrating the structural and nonstructural information compiled during the analysis process into a preexisting system which helps monitor security.

Presentation

Once comprehensive data is gathered, and patterns can be identified, UEBA presents its results. The analysis phase allows organisations to comprehend the intensity of the security threats and prepares them for unauthorised access which can lead to data loss.

Security experts in UEBA vendors can then recognise the patterns that differ from regular patterns and act on them to prevent security breaches.

How UEBA security can enhance alert quality for retail

UEBA security detects abnormal behaviour by:

Highlighting bad vectors without disputing functions of the organisation
Sifting through alerts to distinguish between false alarms and actual threats
Prioritising threats
Reducing time to act on this threats by alerting relevant resources on time

Conclusion

Although a relatively new concept, UEBA is taking the business world by storm. The UEBA market is set to grow from USD 31.7m in 2016 to USD 908.3m in the year 2021.

The use of entity and user behavioural analytics in extension with the cyber security tools already in place protecting your cyber network is guaranteed to protect user data and prevent breaches!

Recommended Articles:

Analysts specialising in vulnerability management use cyber threat intelligence in order to determine the critical vulnerabilities and in an attempt to help determine strategies that allow them to develop strategies that allow optimal mitigation.

Along with that, they are responsible for the communication of risks to managers and other groups that are responsible for cybersecurity. Cyber threat intelligence companies today use vulnerability assessment as a major part of their service portfolio and rightly so! Vulnerability assessment is an important part of cyber threat intelligence company.

Vulnerability Management Helps Threat Intelligence

How it helps:

Comprehension of relevance and the extent of vulnerability

CTI can work to connect the weaknesses with treat agents, the way they work, their procedures and ultimate targets. Using this information analysts can determine the type of vulnerabilities that affect the systems and all software in the organisation and which ones are most likely to be targeted by the attackers.

Provides content on exploits and kits

CTI companies hire researcher that work for them in order to study the dark web. And discover and track exploits and exploit kits that are discussed and offered for sale, by cybercriminals.Those vulnerabilities for which exploit kits are available on the dark web and are being used effectively, have more chances of being targeted in the future.

This provides companies with an insight into the type of vulnerability that needs to be mitigated and patched immediately and which weakness should be tended to, later prioritising the vulnerabilities.

Techniques for mitigation

CTI companies have knowledge bases that store data for patches that are prevalent to specific vulnerabilities. They also contain important information related to mitigation techniques to be used in the case of absence of patches or will take a longer time to deploy.

Creation of rules for firewall, application of firewalls and intrusion prevent=ion systems are some of the techniques that can be used for mitigation. changing the configuration of weakened systems, and the use of password policies and increased monitoring of systems in an attempt to strengthen access can also be used to enhance security against vulnerabilities.

Assessing organisation business risk

CTI can describe how the weaknesses and vulnerabilities of organisation cybersecurity can be exploited due to advanced attacks and how when incorporated into a business context it can help with the assessment of the company's business risk.

The activity allows analysts to work with the IT and business unit to determine the impact to the business and identifies which aspects of the company need to be monitored while remediating and patching occurs.

Bottom line

A competent cyber threat intelligence company can help your vulnerability analysts to not only better understand who might be using these vulnerabilities and for how but they also help reduce the risks to business by prioritising vulnerabilities, highlighting critical threats and preparing for the less critical ones.

It also helps estimate the risk to businesses giving them an idea of how critical a single incident may be to the organisation.

Cyber Information Security

Using UEBA To Beef Up Security For Retail Store