How Retailers can guard themselves against Retail Point-of-Sale Malware
Point-of-Sale malware is a threat that every Retailer faces and this can have negative consequences on their business. This Retail POS malware can have dire consequences for capturing customers card information data and this is something that Retailers need to prevent at any cost. Retailers need to take clear and practical steps in order to enhance their POS security and protect customer data.
Protect the Physical POS Terminal
The first step that Retailers ought to take is to protect their physical POS terminals. Some start by physically attaching a device to the counter, this prevents the entire POS Terminal from being stolen.
Secure POS identity access
While Retailers train employees to prevent unauthorized access to secure systems and POS terminals, this does not mean it is fool proof. Research suggests that majority of the time the weakest link in the security is the end user failing to follow the procedures. This, in turn, leads to hackers taking advantage of these gaps. It is important for Retailers to balance secure processes with ease of use to ensure high staff compliance.
Biometrics Security Measures for POS
Retailers are often encouraged to support biometric authorization to reduce fraud costs across their systems. Biometrics when combined with a username and a password is a strong security method that can be used as a precaution for Point of Sale Malware. In today’s modern world, fingerprint readers are the most popular biometric authentication tool. Measures such as this can help prevent password stealing and hence provides a viable security measure for retailers. Hence it is very important that retailers undertake a stronger password policy.
Ensure customer data is protected
Taking measures to protect customer data is very important. Retailers are required to have numerous tools at their disposal to protect POS data. Magnetic stripe reader encryption is one such tool that can be used to protect the POS data. Majority of the Magnetic stripe readers send data into the POS terminal, where it is briefly visible and therefore vulnerable to theft. However, if this data is encrypted, then it is a lot safer.
The use of BIOS security is another way of keeping the customer data safe from Point of Sale malware. It has been reported that a majority of the theft occurs mainly due to the negligence of retailers to make use of tools that can protect the customer data.
Retail POS Software plays a very important role in the day to day activities of retailers and hence it is important that retailers have precautions in place to protect themselves from Point of sale malware. These are just some of the precautions that retailers can implement in their stores.