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In early May 2025, two of the United Kingdom's best-known grocers, Marks & Spencer (M&S) and the Co-op, as well as luxury retailer Harrods, were struck by sophisticated social-engineering attacks that tricked IT teams into resetting critical passwords and deploying ransomware across their networks. retail industry.
Retailers around the world are preparing for a chaotic holiday season. Supply chain disruptions are causing issues , and the ongoing COVID-19 pandemic is something retailers need to keep in mind, especially when operating a brick-and-mortar location. About 24% of all 2020 breaches were aimed at retailers. Train staff members.
SOAR, if you haven’t heard, is a hot new technology stack that takes well-understood data mining and business intelligence analytics methodologies — techniques that are deeply utilized in financial services, retailing and other business verticals – and applies them to cybersecurity.
That’s what this blog is all about, In it, I’m examining the changing landscape of cyber threats, looking first at the M&S cyber attack. Then, the focus of cyber attacks on retailers, and what lessons must be learned by business leaders and customers. Attackers are no longer solely targeting payment systems.
Competition has never been fiercer for online retailers, which means it’s not just quality products and customer service that companies must focus on. While retailers still need to focus on protecting employees and the systems and databases they utilize, there must also be a renewed focus on protecting customer data.
“ Coinbase will reimburse scammed retail users after verification, it is also opening a new support hub in the U.S. The company boosted investment in insider-threatdetection and response, is simulating threats to find weaknesses, and is keeping users informed throughout the investigation. We said no.
AI, a double-edged sword AI-driven cybersecurity tools enhance threatdetection but also empower attackers with sophisticated social engineering, deepfake campaigns, and automated exploits. Identity ThreatDetection and Response (ITDR) is gaining traction to counter AI-enabled identity fraud.
Holiday Shopping Readiness: How is Retail Data Security Holding Up? Retailers have been prepping for this season all year and are ready to provide a safe, secure, and seamless customer shopping experience. According to the National Retail Federation (NFR), retail sales during 2024 will grow between 2.5% trillion and $5.28
The average breach in the retail sector costs $2.9 AI-driven threatdetection Implementing AI-driven threatdetection allows your organization to analyze enormous volumes of data in real-time. Additionally, complex supply chains and franchise models create sprawling attack surfaces.
The retail industry’s digital transformation has made secure APIs essential to modern operations since they are at the core of this shift. They help retailers stay agile in a fast-paced market by enabling seamless data exchange and streamlining processes. Additionally, only 12.5%
Holiday Shopping Readiness: How is Retail Data Security Holding Up? Retailers have been prepping for this season all year and are ready to provide a safe, secure, and seamless customer shopping experience. According to the National Retail Federation (NFR), retail sales during 2024 will grow between 2.5% trillion and $5.28
In today's digital landscape, the threat of malicious bots and botnets looms large over the retail industry. Retailers are not only left to deal with frustrated customers, but often also find themselves processing numerous returns if the bad actors fail to resell the items.
Coinbase is pledging to reimburse retail customers who were tricked into sending funds to the scammers, so long as the transfers were directly linked to this incident and occurred before May 15. Increased investment in insider threatdetection. Coinbase says affected customers have already been notified.
What began over 125 years ago is now an organization that powers a country, operating 1,500 retail stores and stations across ANZ, plus 89 depots for refining and importing fuels and lubricants, and 8,200 employees throughout Australia, New Zealand, the United States, and Singapore. Improved efficiency and threatdetection with Cisco SecureX.
From automated threatdetection to generative content creation, AI is transforming industries, workflows, and, yes, entire careers. Retail and Food Services Timing: 25 years Self-checkout systems, AI-driven inventory management, and smart kitchen automation are reducing frontline roles.
AI can significantly enhance threatdetection, automate responses to cyber incidents, and improve overall system resilience. Industries that could benefit from dedicated AI leadership include finance, healthcare, manufacturing, retail, and transportation. The appointment of a Chief AI Officer at CISA comes at a crucial time.
GenAI adoption is accelerating Broad Use Cases: More than 70% of professionals use GenAI for tasks like automating workflows, drafting documents, fraud detection, and data search. Industry Variances: Retail and manufacturing sectors show high adoption, deploying GenAI for customer service, inventory management, and fraud detection.
Regulatory Compliance and Audit Readiness From finance and healthcare, to retail and beyond, organisations in every industry must comply with strict international regulations such as GDPR , HIPAA , and PCI DSS. These tools safeguard keys from unauthorised access, hardware attacks, and other sophisticated threats.
Another two of the “Fab Five” best practices that lead to positive security outcomes are accurate threatdetection and timely incident response. It was found that organizations with more mature SASE adoptions are almost 40% more likely to report strong threatdetection and incident response practices.
Together, they enable organizations to close gaps, see and detectthreats faster, and adapt quickly to change. VISIBILITY for better threatdetection. Fuel and energy retailer, Ampol , uses a variety of Cisco technologies, including Secure Firewall, to segment and safeguard its network.
The upcoming holiday season presents a unique cybersecurity threat for businesses in addition to individual consumers. More online retailers are offering Black Friday, Small Business Saturday and Cyber Monday deals to maximize profits and expect to see a 107% revenue boost over the holiday shopping weekend.
Intelligence: Global threat intelligence, advanced threatdetection, and integrated incident response. Use Cases: SMBs to large enterprises primarily in financial services, retail, hospitality, healthcare, payment services, government, and education. Intelligence: ML-leveraged for threatdetection.
The upcoming holiday season presents a unique cybersecurity threat for businesses in addition to individual consumers. More online retailers are offering Black Friday, Small Business Saturday and Cyber Monday deals to maximize profits and expect to see a 107% revenue boost over the holiday shopping weekend.
These fraudsters go to great lengths to create the appearance of being legitimate florist, gift basket retailer, or travel agent, setting up websites, placing ads on social media, and sending emails. You go to the website enter your information and credit card details only to receive nothing or something that is not what you ordered.
They’ve seen tremendous interest from a wide range of parties, whether that be institutional investors or retail hobbyists looking to find an angle. Non-fungible tokens (NFTs) are the new player in the financial investment market. million) theft due to a fraudulent NFT scheme.
This should not come as a surprise given Amazon is one of the world’s largest online retailers. As the digital finance landscape expands, staying ahead of emerging threats remains critical. billion average monthly visitors and $447.5 billion in annual web sales, up 8.6% Apple’s share of attacks dropped nearly 3 p.p.
In the wake of this incident, it is likely that Halliburton and other companies in the sector will reevaluate their cybersecurity strategies, focusing on enhancing threatdetection, response capabilities, and incident management processes. Anomaly-based detection is best suited to combat these types of threats," Fowler continued.
All retail banks and foreign bank branches with significant operations in Hong Kong are expected to submit a report containing the result of their assessment to the Hong Kong Monetary Authority (HKMA) by November 2021.
Investing in Advanced Technologies: Leveraging advanced security technologies, such as AI-driven threatdetection and response systems, can provide proactive protection against sophisticated cyber threats. Register here to attend for free and earn 6 CPE credits.
The APT group RedCurl, discovered by Group-IB Threat Intelligence experts, has been active since at least 2018. Since then, it has conducted 26 targeted attacks on commercial organizations alone, including companies in the fields of construction , finance , consulting , retail , banking , insurance , law ,and travel.
The Rise of API-Centric Regulations Industries in healthcare, finance, retail, and manufacturing are experiencing a significant increase in regulations that directly affect the management and security of APIs. ThreatDetection and Response: Deploy advanced security solutions to detect and respond to potential threats in real time.
The results focus on common edge use cases in seven vertical industries – healthcare, retail, finance, manufacturing, energy and utilities, transportation, and U.S. Collaboration approaches to connecting and securing the edge ecosystem. Perceived risk and benefit of the common use cases in each industry surveyed.
He has 15 years of cybersecurity technical product and program management experience delivering cyber solutions and developing thought leadership across multiple verticals, with a focus on threatdetection, threat exposure management, response/remediation and protection.
After partnering with ReliaQuest, the interviewees’ organizations have been able to transition threatdetection and response responsibilities to ReliaQuest security experts and automate many of their processes from detection, investigation, response, and controls validation through ReliaQuest.
Focuses on common edge use cases in six vertical industries – healthcare, retail, finance, manufacturing, energy, and U.S. Over 40% of the surveyed population are in the mature stage of adoption on specific edge projects, with each vertical industry as follows: 52% of retail and public sector are in the mature stage.
And these use cases can span many industries – manufacturing, public sector, healthcare, education, stadiums, retail and more. These are just a few examples of how businesses are being transformed through edge computing technologies.
Its multi-layered threatdetection continuously learns from threats analyzed. Customers include more than half of the Fortune 100, top banks, global retailers, and research universities. The company’s Incident Response team is designed into the service at no extra charge. Proofpoint. Proofpoint’s key features.
Cybercriminals might be looking to capitalize on the start of the new academic year, which brings high employee turnover and a busy period for sectors like hospitality and retail trade. By leveraging our expertise in interacting with threat actors, we gained valuable insights into their intentions.
Built on the de-facto open source network security monitoring platform, Zeek and leveraging the power of Suricata , an independent open source threatdetection engine, Corelight provides security teams with the world’s best network evidence to close investigations quickly.
In total, 1,000 consumer facing websites were analyzed, including the Internet Retailer Top 500, FDIC 100 banks, top social networking companies, top 50 news and media companies, government agencies and leading Internet of Things (IoT) providers focused on home automation and wearable technologies. About SiteLock.
As cybercriminals leverage publicly available and custom-made AI tools to orchestrate highly targeted campaigns, exploiting the trust of individuals and organizations alike, security vendors will integrate generative AI into their toolkits to enhance threatdetection and response capabilities. million in cash.
LogicManager’s GRC solution has specific use cases across financial services, education, government, healthcare, retail, and technology industries, among others. Enterprise threatdetection. To use an example of a functional GRC strategy in action, imagine a fictional retail business that sells vitamin supplements.
Global enterprises, including leading Fortune 500 companies in financial services, media, retail and manufacturing choose Hunters as their main SOC platform, replacing their SIEM. Hunters’ SOC Platform empowers security teams to automatically identify and respond to incidents that matter across the entire attack surface.
Unlike periodic manual assessments, automated cyber risk management provides organizations with real-time threatdetection and response capabilities. Our automated cyber risk management platform gives you everything you need to track, organize, and improve, so you can stay ahead of the latest cybersecurity threats.
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