This year, major chains like Target and Walmart closed on Thanksgiving, which resulted in a 90.4 percent dip in visits to brick-and-mortar stores when compared to 2019. This change signals how digital and online purchases of goods (and services) are clearly preferred, especially as the Omicron coronavirus variant becomes a looming concern.
To fuel this preferred customer experience, retailers have stated using the cloud. At the same time, this sector’s heavy dependence on supply chain and third-party service providers expands its attack surfaces like never before.
As online holiday shopping kicks into full swing, retailers need to step up their cybersecurity efforts and move beyond traditional security practices. To help balance security and compliance concerns with business needs, cyber risk quantification is an effective place to start measuring, managing, and mitigating cyber risks in real-time.
The perfect storm
From social media-influenced sales and app-based mobile purchases to cloud migration, the retail industry is shaped by the purchasing behavior of its customers. The sector also relies heavily on aggregated customer behavior data analytics to predict…
