IBM research: Data breaches significantly impact consumer confidence and consumer confidence. IBM: Almost one-tenth of retailers havent reported any cyber risks in financial documents filed with the SEC since 2011. Only 9 percent of retailers consider outsourced vendors a potential threat source, less than 10 percent have purchased insurance to cover any cyber exposures, accidental or otherwise. Hackers know these companies are high-value targets and are willing to toss whatever they can at retail networks to see what sticks. An in-depth security strategy is the key to protecting retailers’ bottom line.”]
Source: https://securityintelligence.com/cyber-security-challenges-how-do-retailers-protect-the-bottom-line/