Ian Wood

While covid lockdowns caused a step-change in ecommerce as businesses turned to and came to rely upon selling online, it also presented more opportunities for cybercriminals to disrupt retail services and steal data. Cybercriminals have been targeting the retail industry because retailers are more likely to pay off hefty fees to avoid cyber attacks that could instantly halt their sales operations. According to Veritas research, cybercriminals were quick to exploit the new security challenges brought about by the pandemic. Respondent organisations experienced an average of 2.57 ransomware attacks leading to significant downtime in the past year. A further 14% have admitted…