Over the last five years, retail security has become an increasingly hot topic. Network and data security technologies have become quite sophisticated to match the explosion of new class of hackers and threat environments. So ongoing data protection is not an option anymore; rather it is the rule. Organizations of all sizes need all inclusive, consistent data security measures.
Educating the ones left behind and those that are still catching up has been ongoing. Despite all these efforts to constantly educate businesses, several have taken no action or have taken partial piece-meal steps. Many retailers still don’t understand the seriousness of data loss. Monetary losses can destroy a business but the intangible losses can be even more devastating. Businesses just can’t let their guard down, especially when there is a consistent increase in credit card transactions.
Retailers who have made every effort to keep up with data security and compliance have stayed ahead of the curve. They have understood the challenges and returns, and successfully outsourced this portion of their business to Managed Security Service Providers(MSSPs).
Why do retailers pick a managed security services provider rather than doing it in-house? Here are the top 3 reasons why:
- Methodology fits both their business and budget
- Use of state-of-the-art cutting-edge technology
- Protects their business and brand better than in-house attempts to do them all
Methodology fits retailers’ business and budget
Many of our customers tell us that an in-house effort to keep up with technology, training of staff, focused efforts in managing data security from start to finish is overwhelming. A research firm, Aberdeen group found that ‘the drivers for these investments center on risk and regulatory compliance. Roughly 30 percent of firms cited vulnerabilities and threats or actual experienced incidents as a main cause for these efforts, and nearly half of respondents identified protection of the company’s reputation or brand as a major reason.’
Also, the cost involved is a primary reason why many businesses choose to use Managed Security Service Providers (MSSPs). There is enough proof to show that the investments companies make on hiring MSSPs is quicker, efficient and have excellent returns. Retailers benefit from their experience and security capabilities that are more powerful than what can be done by an internal IT staff. There are some tasks that are too complex and just cannot be done internally unless they are trained for retail security. One example is log parsing. There are different types of logs to be analyzed on an ongoing basis such as scan logs, remote control logs, firewall logs, event and activity logs. Dedicated trained staff to do each of the data security tasks can become quite expensive.
Use of state-of-the-art cutting-edge technology
The evolving landscape such as mobile payment technologies has raised awareness and anxiety more than ever before for tighter security and compliance. Security experts are encouraging retailers to use more sophisticated and advanced solutions not only to detect the threats but also stop them on their paths in real time. Immediate responses are the only way to minimize the damages. Slow detection in case of a breach generally means late reaction, more records violation, high penalties and blemish on reputation and trust. As for monetary losses, a breach can actually wipe out a business. An alarming truth is that some businesses discover breaches by accident and usually through a law enforcement source or a credit card company.
So, where and how would companies find the advanced solutions?
Talk to other retailers in your industry. MSSPs build a reputation through their work after several successful implementations. Omega has built credibility through its unmatched customer centric approach. Omega and its staff always work only in the interest of the customer. We have customers going back 20 years.
U.S. Coast Guard Exchange System, VA
“My experience with Omega is that they are interested in you getting what you need, not just selling you stuff. They’re a good company to do business with.”
Nathan Tefft, US Coast Guard Exchange System, VA
As for advanced technology, Omega recommends proper systems management. This includes constant monitoring, application of critical patches and updates, secure remote control, maintaining all logs in the network, an integrated anti-virus and anti-malware, file integrity monitoring, external and internal vulnerability scanning, credit card data discovery, wireless intrusion prevention systems, following written policies and procedures … and the list continues.
Protects their business and brand better than in-house attempts to do them all
PCI compliance and data security are quite complex. Often there is confusion between the two and to be sure, PCI compliance does not equal data security. Compliance is a point in time while data security means safeguarding data from hackers all the time, every day of the year. This involves expertise and knowledge of both data security and compliance. Unless a business has a dedicated group in-house, the total data security and PCI compliance package is next to impossible. As an MSSP, here is a short list of some of the things Omega offers:
- Omega – A Flexible Solution
- Designed to work with the unique needs of your business, offering compliance with minimal disruption to your operations.
- Omega offers easy-to-use solutions designed to help you achieve PCI compliance without compromising your day-to-day operations.
- Support a variety of POS systems for PCI compliance, including NCR, Radiant, Retalix, Pinnacle, VeriFone, Nucleus, Micros, and more
- Only provider to work seamlessly with all Internet connectivity, even satellite
- Capable of handling all merchant levels
- Requires NO firewall or network changes
- Only solution to offer two options for customers: installed and hosted.
- Offers dedicated servers in a high availability environment
- ….and more.
Call us to understand what else Omega offers. A short 30-minute free assessment call could be a starting point.
Talk to Omega. Omega will deliver proven solutions and work with your staff. Omega will help with the discovery process of your network environment, find the gaps and implement the solutions to address them all. We will hold your hand every step of the way. If you wish to manage your environment, we can implement the solution and train you to manage it yourself. Call 636-557-7777 or firstname.lastname@example.org.