Cost of a data breach: Retail costs

Whether it’s online or brick-and-mortar, every new store or website represents a new potential entry point for threat actors. With access to more personally identifiable information (PII) of customers than most industries, bad actors perceive retail as a great way to cash in on their attacks. Plus, attackers can duplicate attack methods more easily since retailers share similar cybersecurity infrastructure.

The good news for retail is that the cost of a data breach in the sector remains low compared to many industries. However, this does not mean cybersecurity shouldn’t be a high priority. For retail, intangible costs like company reputation are often more important.

itim Group plc (LON:ITIM) is a SaaS-based technology company that enables store-based retailers to optimise their businesses to improve financial performance and effectively compete with online competitors.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
itim Group

More articles like this

itim Group plc

January retail sales rise 3.8% YoY

In the segments covered by Retail Dive, retail sales in January rose 3.8% year over year, based on figures released Thursday by the U.S. Department of Commerce. Various analysts deemed this a decent performance, but one

itim Group plc

January retail and consumer service revenues increase by 8.1%

Retail and consumer service revenues were an estimated 8.1 per cent higher in January than the same month last year. The General Statistics Office (GSO) reported retail sales and consumer service revenue reached an estimated VNĐ524.1 trillion (US$21.8 billion) last month, a sign of

itim Group plc

Brands embrace tech and shoppable content to attract customers

To attract customers in 2023, many brands integrated tech into their marketing strategies. Virtual experiences gained steam, with J. Crew introducing a holiday version of its virtual store and Kohl’s launching a number of virtual holiday events that tapped into

itim Group plc

The resilience of the retail industry

Against the backdrop of a rapidly evolving and constantly changing consumer landscape, the retail industry exhibited remarkable resilience throughout 2023, successfully navigating challenges such as escalating construction costs, supply-demand imbalances, and persistent concerns over inflation and

itim Group plc

Deputy Chairman of The Entertainer, discusses working with itim Group plc

itim Group plc (LON:ITIM) is a SaaS-based technology company that enables store-based retailers to optimise their businesses to improve financial performance and effectively compete with online competitors. Itim adds retail value by helping multi-channel retailers optimise their business

itim Group plc

Working with itim Group: Insights from Majestic Wines CEO

itim Group plc (LON:ITIM) is a SaaS-based technology company that enables store-based retailers to optimise their businesses to improve financial performance and effectively compete with online competitors. Itim adds retail value by helping multi-channel retailers optimise their business

itim Group plc

2023 trends and what’s to come in 2024

It’s that time again! 2023 has come and gone as quickly as a blink of an eye and as retail marketers begin to think about their budget for next year, it’s time to reevaluate what strategies

itim Group plc

Are retailers ready for peak returns season?

Despite tight budgets and wariness about the economy, U.S. consumers have come through for retailers in 2023, and that has continued into the all-important fourth quarter. Even with some holiday promotions moving into October, Black Friday

itim Group plc

What will be the retail trends of 2024?

The retail industry changes every year, and so do its trends. Because of this, people who work in retail often struggle to keep up-to-date with the latest trends in this field. Given the fact that 2023

itim Group plc

Top 100 retail trends in 2023

The top 2023 retail trends offer a look at the clever ways in-store shopping experiences are being bolstered post-pandemic, and the many ways changing consumer preferences are reshaping e-commerce. Within the last few years, environmentally minded

itim Group plc

Are retailers ready for peak returns season?

E-commerce has surged at the end of the year, which could mean that more people than ever will bring back their purchases. Despite tight budgets and wariness about the economy, U.S. consumers have come through for