The retail industry has undergone rapid changes over the past 20 years, especially as the Internet became mainstream. Retail, E-commerce cybersecurity is now more important than ever.
Some of the first Internet-based businesses involved retail sales, leading to online behemoths today like Amazon.com. But along with the rise in online sales — E-commerce — has come a similar rise in cyber theft.
Companies use The Threatcare Suite through threat simulation. Threatcare, an Austin-based SaaS company, is the leader in proactive data security.
Today, breaches of data involving the retail and E-commerce industries is at an all-time high. A recent analysis noted that the number of data breaches increased by 53.6 percent in 2016, when compared to a similar time frame from the previous year, and 38 percent of those targeted e-commerce Web sites. Of those, 43 percent of hacks/cyber attacks targeted small businesses, because their data systems are usually under-protected. The result: Massive financial losses, some resulting in the closure of the business.
So that’s why it is vital for E-commerce retailers to get serious about protecting customers’ (and their own) data. Not only is a failure to protect information systems potentially expensive, but the hit businesses take to their reputations can also be crippling.
There are a number of ways, fortunately, for online retailers and E-commerce firms to better protect their data:
About 1 in 40 small business data systems are at risk of being victimized by hackers, and while that pales in comparison to the 1-in-2 ratio of cyber attacks launched against large businesses — often multiple times per year — it’s the small business that can less afford to withstand the financial hit of data theft.
Threatcare believes that every organization has the right to know if they’re secured.