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Identifying and handling common cybersecurity threats in the retail industry

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Triskele Labs
Identifying and handling common cybersecurity threats in the retail industry

Every year, retail businesses across the globe serve billions of customers, processing terabytes of personal and financial information during these transactions. Retailers, in turn, use this data to improve their processes and service-delivery models.

The sensitive nature of data collected and stored during these transactions, however, makes retailers an attractive target for threat actors, and the numbers back this up.

In 2020, the retail industry was the fourth most-targeted industry by cybercriminals after finance, manufacturing, and energy industries—10.2% of all cyber attacks were targeted at retail businesses. Cybersecurity threats in retail can be entirely prevented if retailers stay updated and follow cybersecurity best practices.

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