In the last trading session, the stock price of Centurylink Inc (NYSE:CTL) declined more than 1% to close the day at $17.07. The decline came at a share volume of 7.56 million compared to average share volume of 14.53 million. After the recent decline, the market cap of firm was noted at $18.6 billion. The stock price of Centurylink has declined more than 28% so far in this year.
As per the industry insiders, Super Saturday was expected as one of the leading opportunities to boost retail revenue. With growing sales come growing opportunities for retailers to be balanced by bad actors attempting to steal critical data across the omnichannel. Centurylink had reported to offer “A Verse on Security Vigilance” during this time and some major takeaways to help keep brands safe during the holiday season and in the future.
Stating on major takeaways for retail security vigilance, Centurylink said retailer can enhance their security controls via education about common processes of data compromise. In the retail segment, as per a latest report from security company Bitglass, 59% of hackers list phishing as the preferred way for data exfiltration. The company stated that threat intelligence is an important means in the detection of suspicious and unauthorized activity, so retailers can mitigate and respond threats.
Most retail violations in recent years were because of point of sale compromise and abuse of zero-day gaps. Digital cash registers are mainly the target of malware intended to steal credit card details. To minimize the chances for a breach, firms that offer remote access to their POS system can consider deploying two-factor authentication and shift to end-to-end encryption of users’ data throughout the payment procedure, including the time the credit card is swiped.
Centurylink added that retailers should never ignore the basics. Comprehensive patch management assessment should be of utmost priority to keep retail servers and systems protected against software attacks.