Retail cybersecurity refers to the set of practices, technologies, and strategies employed to protect retail businesses from cyber threats and attacks. This involves safeguarding sensitive customer data, such as payment information and personal details, as well as securing the retail infrastructure, including point-of-sale systems, online platforms, and supply chain networks. Retail cyber threats can include hacking, data breaches, and ransomware attacks, which can lead to significant financial losses, damage to reputation, and legal repercussions. Effective retail cybersecurity measures typically include implementing strong encryption, employing multi-factor authentication, conducting regular security assessments, training employees on security awareness, and adhering to compliance regulations relevant to data protection. The goal of retail cybersecurity is to ensure a secure shopping experience for customers while maintaining the integrity and availability of the retail operations.
A Retail giant faces unprecedented challenges in its cybersecurity efforts amid a surge in cybercriminal activities targeting the industry. The recent cyberattack on a leading retail chain exposed vulnerable points…