According to a report issued yesterday by RPC, the number of retail businesses reporting data breaches to the Information Commissioner’s Office has doubled over the last year and risks involved were growing as “retailers accumulate more and more personal information on their customers as part of their ‘Big Data’ initiative”. Ryan Wilk, Vice President at NuData Security commented below.
Ryan Wilk, Vice President at NuData Security:
“In today’s online, big-data driven economy, retailers have never been privy to so much sensitive customer information. Even things that might seem relatively benign on the surface can be used for malicious purposes, or can be used in social engineering or phishing tactics in order to gain more dangerous information. For this reason, all organisations need to make the protection of customer data a propriety, and need to move past the password authentication model and embrace a model that engages with passive biometric solutions, which provide customers data with extra layers of protection, without creating any excess customer friction.”