Digital Threats, Real Losses: Cyber Risks to Retail Operations

The success of retailers depends on being able to offer consumers what they want. That means, for example, stocking Halloween costumes in October, turkeys in November, and Christmas decorations in December. Cybercriminals are all too aware of this fact and more than willing to capitalize on it, typically for financial gain or to cause disruption. The holiday season is the busiest time of year for retailers and contributes a significant portion of their revenue—research published in Forbes even revealed that, for SMEs, the holiday season accounts for at least 25% of yearly revenue. As such…