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July 19, 2017
As point-of-sale (POS) malware continues to pummel retailers and brands, ransomware attacks are aggressively increasing in scope and frequency around the globe.
If cybercriminals put the two trends together, they can impact most or even all locations of large chains by locking up the POS system itself—the mission-critical nerve center of payment card-accepting merchants and service providers—while holding the company hostage until a ransom is paid.
Now, any business can find out its risk level and measure the impact of POS ransomware with an online POS Ransomware Risk Self-Assessment, offered at no charge from Netsurion, a leading provider of managed data and network security services for multi-location businesses, and security information and event management (SIEM) leader, EventTracker.
To date, the primary motivation of POS attacks has been to steal credit card data that can be sold on the black market for $5 to $30 per account, depending on the data’s value. However, all payment card-accepting organizations need to anticipate that criminals might switch to POS ransomware, attracted to the possibility they can receive more money, more quickly by holding a company virtually hostage with a new attack vector. One for which few merchant organizations are prepared.
“If ransomware attackers turn their attention to the already heavily targeted POS systems, and choose instead to hold a merchant hostage by preventing them from making transactions, victims could bleed millions of dollars in lost revenue daily until they recover the function of the POS systems,” said Netsurion and EventTracker Global CISO John Christly. “With the POS Ransomware Risk Self-Assessment, companies can immediately see just how at-risk they are against potential ransomware threats, and what specifically they need to do to ensure they are protected.”
Assess your cyber risk for free: Click here for the for the POS Ransomware Risk Self-Assessment from Netsurion. The online app provides:
Netsurion® delivers an adaptive managed security solution that integrates our XDR platform with your existing security investments and technology stack, easily scaling to fit your business needs. Netsurion's managed offering includes our 24x7 SOC that operates as your trusted cybersecurity partner, working closely with your IT team to strengthen your cybersecurity posture. Our solution delivers Managed Threat Protection so you can confidently focus on your core business.
Headquartered in Ft. Lauderdale, FL with a global team of security analysts and engineers, Netsurion is a leader in Managed Detection and Response (MDR) and a Top 25 Global MSSP. Learn more at netsurion.com.
Sherlyn Rijos, Montner Tech PR