Tag: retail industry
1 article
Retailers Face Surge in Cyber Threats as Peak Shopping Season Approaches
As the holiday shopping season approaches, retailers are bracing for a surge in cyber threats, with ransomware operators already claiming 565 retail victims this year, and median company revenues of $22 million at risk. With predicted retail sales of over $1 trillion and online sales hitting $1.3 trillion, cybercriminals are circling, timing their financially motivated attacks to strike during the most profitable period for retailers.