Cybersecurity is a vital cost and needn’t be complex
In 2018, retail ranked the most at risk of cyberattacks out of 18 other industries, according to SecurityScorecard.
Cybercrime will remain a major challenge for retailers this year. The reason is simple: across the sector more consumer data is stored than ever before. But with vast quantities of information being collected across digital platforms, cybercriminals have more doorways to access them.
According to our latest research, eight in 10 retailers think that, from an IT perspective, the biggest challenge they face this year is data loss. And the reason is clear – 79% of those who suffered a data breach in 2018 lost customers, while 62% incurred legal costs.