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The holiday shopping season brings an annual surge in sales and revenue for retailers. With it, comes a threat worse than coal in your stocking: cyberattacks. During the holidays, retailers experience the anxiety of managing a larger volume of transactions, delivering the perfect consumer experience, and ensuring all orders are filled and delivered in a timely manner. In addition, they must also worry about cyber threats.
Cybersecurity should be top of mind for retailers year-round, and it’s especially critical during the holidays. In 2021, holiday sales grew 14%, reaching $886.7 billion, while e-commerce fraud attempt rates rose by 19%. Unfortunately, not all retailers have the resources to boost their cyber defenses as the hectic holiday season approaches.
But your retail business can take steps to stay safe during the holidays. You need to recognize the common cybersecurity threats for retailers and know how to improve your security posture.
Retailers have experienced numerous threats in 2022 and should be aware that a cyberattack on retail businesses ranks high on the holiday wish list of cybercriminals. Phishing, malware, SQL injection, and distributed denial-of-service (DDoS) attacks are the most common threats for retail businesses during the holidays.
Retailers need to prepare before the holiday season begins. Taking a few important steps can help keep your retail business merry and bright this holiday season.
As a retailer, you count on the holiday season surge in sales and revenue to round out your year. But you must keep in mind that cybercriminals are working against you to undermine your best efforts. Know the cybersecurity threats you may encounter and how to improve your security posture. It may be the difference between coal in your stocking and money in your pocket. Learn how Pondurance MDR can help your retail business defend against a cyberattack during the holiday season.
The post Retailers Prepare for the Holiday Season — and Cybersecurity Threats appeared first on Pondurance.
*** This is a Security Bloggers Network syndicated blog from Blog | Pondurance authored by Pondurance. Read the original post at: https://www.pondurance.com/blog/holiday-retail-cyber-threats/