BDO Cyber Threat Insights Report Q1 2019
01 May 2019
In the past decade, the retail industry has undergone major shifts worldwide due to the rise of the internet. As a result, the burgeoning e-commerce industry has significantly impacted “classic retail” as enormous digital platforms significantly accelerate the pace of digital transformation, with 10 percent of total retail business worldwide being generated by e-commerce.
Although this increased reliance on the internet has begun a new chapter for the retail industry, it has also opened the door to ample vulnerabilities for cyber criminals. With access to sensitive customer data, the retail industry is a prime target for cyber attacks. Financial information, especially credit card numbers, are considered a highly lucrative reward of a successful cyber attack because they can be quickly monetized on the Darknet.
In BDO’s latest Cyber Threats Quarterly Report, we explore what these trends mean for the retail industry, specifically:
- Managing growing risk in tandem with increased innovation and cyber security
- Analysis on the major industry attacks: How did they happen? Are there any lessons that can be learned?
- Can digital transformation and threat-based cyber security help retailers thrive?