The retail sector estimates their cyber exposures are greater than their non-retail peers listed in the Fortune 1000, according to recent research. However, some retailers have remained silent concerning the issue of cyber risks altogether, suggesting that there may be a shortfall in assessing cyber risk threats in the retail industry.

Part of an ongoing effort to examine cyber risk in the retail sector, Willis published their recent report, "How Retail Companies Describe their Cyber Liability Exposures," which details cyber risk disclosures made by the retail sector of the Fortune 1000.

The study, which is part of an ongoing analysis of financial documents for major retailers, revealed that 57% of retail firms disclosed their cyber exposures as significant, serious, material or crucial. At the same time, 9% of the firms did not disclose any risks related to cyber exposures, a result that Willis views as "surprising," given that the retail industry has been the target of some of the highest profile system breaches in recent years, resulting in the many of the largest losses.

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