Retail Cyber Threats
Cyber crime is having a devastating effect on the retail industry. The largest retail chains classified as Level 1 and 2 by the major credit card companies have spent millions to strengthen their security infrastructures and become PCI compliant. Cyber criminals know that considerable vulnerabilities exist with retailers classified as Level 3 and 4 and are targeting them with astonishing success. Moreover, Level 3 and 4 merchants are required to become fully PCI compliant across all 12 requirements or face fines and increased transaction costs from financial institutions.
Consider just a few of the grim cyber threat statistics unique to retail industry: