5 cyber threats retailers are facing — and how they’re fighting back

There are many reasons retailers are juicy targets for hackers. They earn and handle tremendous amounts of money, store millions of customer credit card numbers, and have frontline staff who may lack cybersecurity training. To save money, some retailers use older equipment that isn’t adequately updated, secured, or monitored to deal with cyberattacks. According to a 2022 data breach report from Verizon, the retail industry reported 629 incidents in 2022, 241 of which had “confirmed data disclosure.”

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