Retailers increasingly face cyber risks with data breaches averaging $10.22 million in the US. High transaction volumes, sprawling systems, and third-party dependencies make them prime targets. Major threats include phishing, malware, ransomware, and supply chain vulnerabilities. To combat these, retailers must adopt robust security measures, educate staff, and continuously monitor systems. Recent breaches, like those affecting Forever 21 and Neiman Marcus, highlight the need for strong risk management and third-party oversight.
https://www.shopify.com/enterprise/blog/retail-cybersecurity