Company
Date Published
Author
Bugcrowd
Word count
786
Language
English
Hacker News points
None

Summary

November is right around the corner, and so is the holiday shopping season. As consumers prepare to loosen their wallets, retailers are preparing to tighten their security. Retailers are increasingly using crowdsourced security testing to ensure all systems are secure during peak traffic periods like Black Friday. With 80-90% of logins to e-commerce sites coming from credential-stuffing, and only 11% of consumers trusting their retailer to respond appropriately to a cyber attack, delivering high-quality customer experience is crucial for retailers. Many e-commerce and retail organizations have predominantly web-based and mobile app attack surfaces, making them vulnerable to novice hackers. Point-of-Sales (PoS) and other hardware assets are also being targeted due to their lack of built-in security considerations and manual updates. Insecure Direct Object Reference (IDOR) attacks are a common vulnerability type in the retail space, posing risks to customer personally identifiable information. Bugcrowd programs have seen a 50% increase in crowdsourced security adoption for retail customers, with nearly $700,000 paid out to participating brands over the past two years, contributing to helping organizations reduce risk and enhance security posture.