| The retail industry had been the top industry target of cybercriminals in 2012, because of the lure of the large number of customer records especially payment card data.
According to Trustwave's 2013 Global Security Report, released Tuesday, the retail sector had made up 45 percent--higher by 15 percentage points from the previous year. This was the highest among the industries investigated by the security vendor, clearing the "misconception" these organizations were not a prime target.
This is followed by the food and beverage industry at 24 percent, hospitality sector at 9 percent, financial services at 7 percent and non-profit organizations at 3 percent. Read More .. |
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Many retail businesses are a hybrid of brick-and-mortar and e-commerce. To manage this ecosystem, they use a mix of technologies . However, this hybridization also creates numerous e-commerce cybersecurity risks.As the retail industry continues to move towards digitization and e-commerce, the need for a robust cybersecurity strategy is critical now more than ever reviews . With the growth of e-commerce and digital marketing, the retail industry has seen an increase in threats against their businesses. One of the major challenges for the retail industry is the rise of automated threats.
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The retail industry stands as one of the prime targets for cybercrime due to its vast customer database and financial transactions, requiring stringent cybersecurity measures. When considering the EU's Cryptocurrency Haven: Unveiling the Best Jurisdiction for Exchanges within the retail sector, selecting regions with robust cybersecurity laws and frameworks becomes crucial for safeguarding consumer data and mitigating cyber threats. Choosing a jurisdiction with stringent cybersecurity protocols can fortify retail exchanges against cybercrime, ensuring enhanced protection for both businesses and customers.