Increasing engagement and purchases may be as simple as improving brands' privacy
reputation.That is a key takeaway from Ensono's new report. According to researchers
91% of consumers say retailers' reputations for privacy influence their buying decisions;
they further found that more than two-thirds (68%) of consumers have stopping
shopping retailers who have been involved in data breaches.
"It is essential for retailers to have complete visibility across their IT infrastructure no
matter the platform. By forming a baseline and measuring security maturity annually
including risk analysis, teams can focus on introducing solutions that provide the most
incident response value and reduce liability," said James Cermak, Senior Product
Manager of Security, Ensono. "Security
engineers can build a holistic security visibility and 24x365 incident response that
enables real-time threat detection of all systems, including mainframe events, as they
happen which could be linked to an evolving threat to any system across the
enterprise."
The report also underlines a changing of how consumers are looking at data sharing.
Their report shows that 78% of those surveyed have 'avoided sharing' data online to
limit access to their personal information, and that half (50%) believe that 'outside
hackers' are the biggest threat to public-sector security.
Consumers' lack of trust isn't just for retailers. About one-third (30%) say they don't trust
healthcare or insurance providers to safeguard their personal data, and more than 80%
believe there 'is a moderate threat' to their data when they access online portals for
healthcare and insurance.
According to Cernak, now is the time for retailers and merchants to deploy zero-trust
strategies where data in concerned.
"Moving to a zero-trust strategy helps prevent breaches by eliminating the concept of
trust from the technical architecture. Zero Trust architectures better protect data through
strict access control, network segmentation, and application layer threat prevention.
This strategy is also effective in reducing the risk of privileged escalation and lateral
movement which are common methods for advanced attacks and ransomware," said
Cermak.
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