Retail is Unprepared for Social Engineering



Social Engineering Indicators Landing PageThe latest data from SecurityScorecard shows the retail industry’s security stance is at an all-time low, and is particularly susceptible to social engineering attacks.

The retail industry is one of a few a primary targets for cybercriminals – they rank fourth (behind financial, healthcare, and government), according to a Carbon Black report. Credit card data is accessible using RAM scrapers (the number 2 data breach method used according to the 2018 Verizon Data Breach Investigations Report).

More importantly, users at store locations can be easily phished or vished via social engineering tactics. Cybercriminals pose as a member of IT or management to take advantage of store employee’s willingness to comply with a call from “corporate”. The reason an emphasis needs to be put on social engineering is that malware (like RAM scrapers) can’t get installed without first tricking the user.

And, to make matters worse, retailers are adopting new payment and digital technologies to remain competitive, which only makes them a bigger target for cybercriminals.

So, it makes sense that Retail should have their security strategy ready to fight against social engineering-based cyber attack, right?

Wrong.

According to SecurityScorecard, the Retail industry’s security rating ranked dead last in comparison with other industries. "This year the retail industry's security posture fell lower than in years past, both in application security and social engineering," said Fouad Khalil, head of compliance at SecurityScorecard.

What Retail needs is to put every user – both at corporate and in storefronts – through Security Awareness Training to educate users on social engineering tactics used, how to spot them, and how to avoid becoming a victim. Security Awareness Training empowers users to become part of the security strategy, elevating Retails preparedness, and lifting them from being the most ineffective industry when it comes to security.

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Topics: Social Engineering

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