How Retailers Can Protect Customer Data (and Stay Insurable)

How Retailers Can Protect Customer Data (and Stay Insurable)

Retailers are digital gold mines for hackers — with customer payment info, email addresses, and loyalty data ripe for the picking. Here’s how smart retailers stay protected and insurable.

🔐 5 Retail Cybersecurity Must-Haves:

1. Point-of-sale encryption – Encrypt card data the second it’s swiped.
   

2. MFA (Multi-Factor Authentication) – Make it harder for attackers to access your systems.
   

3. Regular software updates – Keep everything patched to avoid known vulnerabilities.
   

4. Vendor vetting – Ensure your payment and tech providers follow strict security protocols.
   

5. Employee training – A single phishing click can be the start of a breach.
   
   

📋 Cyber Tip:

Create a breach response plan and make sure everyone knows their role.

💡 Bonus: Strong cyber practices can help you qualify for better rates with your insurance carrier.