Data Security

E-commerce businesses face significant cybersecurity threats, accounting for 75 percent of all fraud, data breaches, and financial theft. These businesses are prime targets for cybercriminals, who exploit weaknesses in third-party software, payment gateways, and customer account security, leaving online stores vulnerable to devastating attacks. A data breach can cause significant disruption to operations, limit productivity,…

As digital shopping grows, e-commerce platforms face the critical challenge of securing customer data. AuthenticID’s 2024 Mid-Year Fraud Report highlights that fraudulent transactions increased more than 73 percent in the first half of 2024, while account takeover (ATO) attacks rose by an astonishing 354 percent in 2023. These trends underscore the essential need for robust…

As cyber threats continue to rise, more retailers are taking action to strengthen their cybersecurity. Investing in new cybersecurity mechanisms isn’t the only way to strengthen your security posture. Cloud-based solutions can help you improve both physical and cybersecurity. How Do Cloud Solutions Strengthen Cybersecurity? Today, physical security and cybersecurity are interlinked. The right physical…

We’ve seen an alarming increase in cyberattacks targeting retail companies in recent years. For example, Hot Topic’s breach of 350 million customers’ data made headlines as the biggest retail breach to date. Unfortunately, this incident isn’t isolated. Breaches are happening more frequently and are growing in severity. Here’s what you need to know to keep…

Beyoncé offered some pointed advice for securing something you like: You shoulda put a ring on it. Security teams in the retail commerce sector should take note. If you aren’t putting a ringfence around critical applications, your sensitive data is at risk. Yet many organizations are still using outdated segmentation methods that are no match for…

As online retailers embrace artificial intelligence-powered innovations and new e-commerce tools in pursuit of growth, they’re also opening the door to a rising wave of cyber threats. In Q3 2024 alone, cyber attacks surged 75 percent year-over-year and rose 15 percent from the previous quarter. From new AI-driven attack vectors to identity and supply chain…

Hot Topic has reportedly suffered a data breach exposing tens of millions of customer records. The data breach happened in October and exposed 57 million unique email addresses, but also included physical addresses, phone numbers, purchases, genders, dates of birth, and partial credit data containing card type, expiry and last four digits, according to data…

The holiday season is around the corner once again, and it's just as important as ever for retailers and customers to remain vigilant against holiday cyberattacks. The hustle and bustle of the period — from Black Friday to Christmas — is a great time for cybercriminals to target businesses as purchases and foot traffic increase.…

The impressive recent growth trajectory we've seen in the e-commerce market continues to move up and to the right. According to Statista, the global e-commerce market is projected to maintain an annual growth rate of 9.49 percent in the coming years, with 3.6 billion purchases expected to account for $6.48 trillion come 2029. Unfortunately, this…

Rite Aid announced this week it suffered a cybersecurity breach on June 6 and roughly 2 million customers' information was stolen in the hack, reports Newsweek. The drug store chain said the hacker impersonated a company employee to access customer information from 2017 and 2018. This data included purchaser name, address, date of birth, and…