Retailers are facing the urge to make sure that their security tools are working well, and therefore, they should be aware of the impending security risks.
FREMONT, CA: No less will be the effect of security issues in 2020 with the rapidly changing and evolving retail technologies. The threat landscape expands with the advancement of technology in terms of volume and complexity. Security is not yet prioritized by the manufacturers of smart products, which will result in high breach levels. Here are some essential retail security risks that will impact the future.
Rise of Embedded Video in Connected Devices
The video cameras in IoT connected devices like video doorbells and embedded cameras in smart speakers are expected to be the next significant threat to the network as they hold richer information sets. They have enormous data, which becomes an interesting target for hackers. Besides, the explosion of smart devices in 2020 widens attack surfaces.
Smarter stores result in lack of hostility
A significant driver of retailer network security is smarter stores, which utilize in-store innovation and networking through digital displays, electronic shelf labeling, and more to improve customer experience in-store. Retailers believe in assets having an incredibly long lifetime. The point of sale systems, which are a significant investment made to last years. This mentality may create friction between legacy technology and the push for smarter stores, and security investments are likely to fail. This dispute in attitude, followed by lower footfall as more consumers prefer online shopping, which will be an issue for retailers trying to enhance the in-store customer experience in 2020.
Beware of the unlocked front door
Retailers should engage in threat hunting as it is a meaningful way to help one get the most out of their existing systems and figure out the vulnerable areas. Also, carefully analyzing how one share and enrich threat data and context across multiple technologies and how this data informs other security tools is also a crucial factor. For example, if there are numerous security tools, they can work better if they are integrated and share data.
See Also: Cyber Security Review Magazine