The Need for POS Security
retailciooutlook

The Need for POS Security

By: Retail CIO Outlook | Wednesday, January 27, 2021

Cybercriminals can connect card skimmers to a POS system to steal consumer credit card numbers while scanning their cards to make purchases. Thus, train workers to be on the lookout for this sort of stuff.

FREMONT, CA: POS security, or point-of-sale security, is avoiding unauthorized access to electronic payment systems by persons who usually attempt to steal sensitive data from consumers, like credit card numbers. POS protection helps create a safer atmosphere for shoppers to complete their purchases and transfers and is a must-have measure to promote trust in today's consumers.

An enterprise should take a range of steps to strengthen POS security, avoid POS malware infections and prevent POS data breaches:

• Encrypt and decode all POS data on entry only until it hits the payment processor.

• Implement a whitelisting program that requires only the appropriate applications to run on a POS device. Any applications that would usually bring danger, such as web browsers or emails, are disabled to avoid malware infections across these networks.

• Keep POS applications up-to-date by downloading software fixes that also contain critical security improvements introduced due to recently found vulnerabilities. Patch control is key to a stable system.

• Perform routine security checks to find vulnerabilities. Implement protocols or protections to fix any bugs found.

• Track all operations in POS systems and data for any anomalous activity and hazard signs.

• Segment any networks utilized by POS systems.

• Often use complex, stable passwords and two-factor authentication.

• Run antivirus programs continuously, searching for malicious files daily.

• Think of the physical protection of the POS device. Cybercriminals can connect card skimmers to a POS system to steal consumer credit card numbers while scanning their cards to make purchases. Thus, train workers to be on the lookout for this sort of stuff.

POS security is daunting due to the sheer amount of both identified and unknown threats that exist, along with the importance that POS machine data provides for cybercriminals. Besides, the number of vulnerabilities to POS networks continues to increase, and new POS malware is being developed or upgraded all the time. Despite these difficulties, businesses, especially those in retail, hospitality, food service, or those who depend heavily on POS systems-should, prioritize POS protection. These systems manage confidential consumer details, and a loss of customer payment information can be very costly both physically and in terms of damaging the organization's credibility. By adopting steps to secure POS networks and transactions and educating personnel on POS security procedures, organizations will significantly decrease their risk of having a costly POS security event.

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