How can retailers avoid future data breach incidents?

Regular readers of this blog are certainly familiar with the many stories of high-profile data breaches that have occurred in the retail sector this year. Major firms such as Staples have seen the payment data of millions of customers compromised, shaking confidence in their ability to maintain confidentiality.

In a world that is becoming increasingly digital, it is crucial that retail firms take steps to prevent major events like this one from happening again in 2015. A recent article on Venture Beat presents several helpful tips along these lines.

One thing that retailers must be careful to do is determine which data they possess is currently the most critical — and most worthy of protection. Limit the number of people within the organization who have access to this information so the potential for leaks can be minimized.

At the same time, it is important to decide how much risk your organization is willing to tolerate. As the news source reminds us, nothing can be completely, 100 percent secure. There may be a point where it is worth accepting slightly more risk while easing access to certain amounts of information. Or there may not — it varies from organization to organization.

One thing that is certain is that any retailer can benefit from adopting secure credit card payment software that reduces the chance of a significant data breach. With this in place, firms can offer their customers an important degree of peace of mind, that their payment information will not be compromised by those looking to steal identities.

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