Retail Cyber Security
No other industry sector is in the public eye more than the retail sector and cyberattacks are the fastest growing crime in the U.S., increasing in size, sophistication, and cost. Last year, the number of U.S. breaches rose by more than 44% over 2016 and 102% over 2015. The retail sector provides a unique store of customer data from credit card information to personally identifiable information (PII) and continue to be one of the most attractive and vulnerable targets to cybercriminals. These cybercriminals seek to obtain financial and other customer data that they can monetize; they target point-of-sale (PoS) systems, e-commerce sites, mobile applications and customer databases to obtain stored financial data, PII, and the like. The type of cyber-attacks used to perpetrate crimes against the retail sector fall into various categories such as hacking (use of stolen credit cards), malware, ransomware, phishing and distributed denial-of-service (DDoS) attacks. Retailers find themselves in an environment where they must compete to keep customers while defending themselves against these ever-evolving cyber-attacks. Additionally, Advanced Persistent Threat (APT) actors aiming to gain a competitive edge over their competition may seek to understand supply chains and manufacturing processes in order to copy processes or identify weaknesses.