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4 ways retailers moving to the cloud will reduce the risk of cyberattacks

As retail increasingly moves online, criminals are following suit. In fact, online retail is now one of the most targeted sectors by cyber criminals as they hunt for customer data, specifically card payments details and general personal information. 

Security breaches come at a high cost. When customer data is stolen, retailers risk losing customer trust, and they may even have to pay fines if they are found violating the General Data Protection Regulation (GDPR).  

But there are steps businesses can take to secure their business and their data. While moving to online retail has fuelled cyberattacks, the cloud, which powers online retail, is also where retail leaders are turning to take advantage of world-leading security solutions. 

Here are some of the key reasons why retailers are now putting their trust in cloud-based solutions, including LS Central, running in the Microsoft cloud, to both future proof and protect their businesses. 

Invest in a secure infrastructure

The security of any IT infrastructure is dependent on the host organization’s ability to invest in protecting its applications and data. Businesses traditionally preferred to host all their critical data on servers physically located within company offices – but many are now realizing they don’t have the knowledge and funds to protect themselves against ever-evolving security threats on their own. 

The cloud business model delivers economies of scale that make it practical and viable to deliver around-the-clock security monitoring. Cloud service providers can afford to prioritize security far more than a typical end user. And few companies have invested in cloud security and compliance as much as Microsoft. The Microsoft security systems and teams thwart a staggering 1.5 million attempts a day to compromise its systems. Learning from these attacks, Microsoft has continually improved its cloud security services, implementing from data encryption and automated threat detection to identity isolation and just-in-time access. 

 Improve company-wide visibility

Retail businesses no longer need to struggle to get full visibility of their business processes and networks. With a cloud-based infrastructure, they can see exactly what’s happening across their organization in real time and use these insights to protect their business. 

For example, Microsoft’s latest cloud functionality empowers retailers to use adaptive artificial intelligence to identify patterns and help combat payment fraud, bots, account takeovers, and returns and discount fraud.  

Ensure all IT is up to date

With their retail management platform running in the cloud as software as a service (SaaS), retailers can be sure that they’re always taking advantage of the most up-to-date features and technologies. That’s because the vendor incurs the cost of supporting the software instead of them; maintenance, up-to-date software, security and support are all the responsibility of the cloud provider, and they all happen automatically. 

Gartner estimates that public cloud workloads will suffer at least 60% fewer security incidents than those in traditional data centres. So, regardless of whether you’re a large or small business, by moving to the cloud you’re investing in one of the most secure IT infrastructures without having to front the cost yourself. 

 Tap into industry-leading intelligence

Through the cloud, retailers have an opportunity to tap into a huge wealth of threat security intelligence. This sharing of knowledge not only helps them prepare better for possible cyberattacks, but it allows cloud providers themselves to learn from these insights and create much more sophisticated security tools for the benefit of all. 

That means that any time Microsoft detects a security threat to a service running on its cloud platform, every other service on the platform gets the benefit of that knowledge.   

 

Unified commerce solution, LS Central, is built on Microsoft’s number one cloud ERP platform. Thousands of customers trust in the technology to manage and keep safe their financial, point of sale, store operations, supply chain, inventory, eCommerce, and customer loyalty data. 

For further information on LS Central please contact allonline365 on +27 (21) 205 3650, or email us on info@allonline365.com, or visit our website www.allonline365.com 

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