Search
 

Cyberattacks are growing threat for retailers

Inadequate coverage leaves businesses vulnerable in the event of a breach.

By James W. Gow Jr., CPCU, AU | Updated on April 27, 2015

All around the globe, retailers are scrambling to put systems and processes in place to avoid the next data breach. While you might think cyber security has made great strides, businesses are more vulnerable than ever and the threat is increasing exponentially.

Internet security firm Symantec reports that the incidence of so-called “mega-breaches” – defined as those in which at least 10 million people were exposed – jumped 700% in 2013. The good guys working on cyber security measures are smart and hardworking, but the reality is they’re slipping farther behind the bad guys. Laws typically follow need.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.