With the pandemic causing people to stay at home, e-commerce saw a significant increase and now 70% of shoppers prefer to shop online. As digital infrastructure grows, cyber criminals are becoming more adept at exploiting security weaknesses. In 2021-2022, IT Security companies reported 94 billion cyber-threats, a 42% increase from the previous year.
Security leaders face a complex task of promoting a secure design culture, mitigating data breaches, addressing the skills gap, and balancing perceived and actual risk within organizations. Retailers must navigate this new digital landscape and confront the challenges of the hybrid workplace, persistent supply chain problems, and increasing sophisticated cyber-attacks that threaten data breaches.
As the threat environment and regulations change and digital transformation continues, how can you promote secure innovation and business growth, deliver a competitive customer experience, and maintain a strong brand reputation?
How can you deliver for customers, employees and suppliers, whilst managing cyber-risk effectively?
How can leaders differentiate between perceived and actual risk, and communicate this effectively across the organisation?
The impact of a breach on brand reputation and best practice to avoid them.