Data Security
Retailers have long been top targets for cyber adversaries given their data-rich environments. But now, cybersecurity threats have become an even bigger concern. Throughout the pandemic, retailers have doubled down on e-commerce to maintain business continuity and meet growing consumer demands for personalization, speed and choice. This rapid shift means some retailers are processing andโฆ
Mobile commerce has become a critical component of any large retailer's business. After all, U.S. consumers spent $52 billion on mobile commerce during the last two months of 2020 alone. Thatโs a 55 percent increase over the same period in 2019. With that much money flowing through mobile apps, fraudsters have taken aim at them,โฆ
The number and total cost of incidents have increased over the past decade. Retail has been hit hard by these trends; it's estimated that in 2021, the average total cost of a data breach to a retailer was $3.27 million. However, retailers that proactively respond through incident management solutions have been able to mitigate, and evenโฆ
According to recent data, 91 percent of the U.S. population will be online shoppers by 2023, making e-commerce sites the preferred platforms for consumers. Unfortunately, cybercriminals are following this trend and are leveraging it to make money. Bot-based attacks are on the rise, with a year-over-year growth of 106 percent percent in 2021, according toโฆ
Among the things retailers learned from the pandemic are two key business lessons. The first is that e-commerce needs to become an essential component of any strategy, and the second is that consumers are continually craving innovative, personalized experiences. But how do we keep customer data safe amid this growing trend of customization? As weโฆ
Ransomware in retail is arguably the closest the public gets to seeing the devastation of cyberattacks. One day everything at the local grocery store is normal; the next, it canโt process card payments, restock shelves or perform even the simplest of automated tasks. One week, children are enjoying their favorite snacks; the next, the productsโฆ
Remember when a retail transaction was as simple as going to a store, selecting your items off the shelf, bringing them to a cashier, and making your payment in cash or check? Those days are long gone. The Security Risks of Digital Transformation Almost every retail transaction is significantly more complex and involves some levelโฆ
For years, the retail industry saw its collated customer data as a treasure trove. Thanks to advanced data analytics, coupled with emerging technologies like artificial intelligence (AI) and the Internet of Things (IoT), retailers saw a deluge of data-driven insights coursing through their IT pipelines. These helped them get personal with their customers and driveโฆ
As a quintessential component of e-commerce, retailers must prioritize a convenient and enjoyable digital experience for their customers. Just as an attractive window display and a clean, stocked store is important for brick-and-mortar retailers, it's equally important to provide a streamlined, enjoyable and secure experience online. This first impression for online retailers begins at login.โฆ
Itโs hard to ignore the news. Across industries, cyber attacks are increasing not only in volume and frequency, but also complexity. And to be sure, the biggest stories are always about the biggest brands โ but for all the attention they get, they tend to recover relatively quickly. So letโs talk about the smaller retailers, becauseโฆ