In a world where news of cyber attacks are popping up faster than you can say “phishing”, this article breaks down the alarming rise of retail cyber crime in four telling charts. Retail giants like Marks and Spencer, Co-op, and even Dior aren’t safe from these digital marauders, highlighting a critical trend that could affect your shopping experience.
Key Insights
- Cyberattacks in the retail sector have more than doubled since 2019, with over 4,000 incidents in 2024.
- The shift towards cashless payments and personalised advertising has made retailers prime targets for cybercriminals.
- 69% of organisations have faced ransomware breaches, with many experiencing data extortion.
- Major retailers have suffered significant financial losses and reputational damage from cyber incidents.
- Many businesses lack effective cyber security measures, leaving them vulnerable to attacks.
Why should I read this?
This article is a real eye-opener! With cyber crimes on the rise, especially in retail, it’s crucial for consumers and businesses alike to understand the looming threats. If you care about your data security when you shop or run a business, diving into this summary will save you time and keep you informed about the ever-changing landscape of cyber crime.