Retail sector second most threatened by hackers; financial services top the list

Retail sector second most threatened by hackers; financial services top the list

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Data privacy protection has been becoming a significant challenge. Most of the sectors have been at the vulnerable risk of data fraud. Retail is the second most threatened segment by cyber attacks in the country after financial services.

Retail sector second most threatened by hackers; financial services top the list
Amid growing aggression by online rivals, most retailers now have an Omnichannel strategy to push products

“Over 92 per cent of the apps we test are vulnerable with 2,30,000 new malware samples generated per day with an estimated cost $100 billion,” said, Retail and Consumer Goods Practice Leader at , at the .

Amid growing aggression by online rivals, most retailers now have an Omnichannel strategy to push products.

According to CEO, , , “Digital technology is changing the consumer and blurring boundaries in retail stores. In the US, 49 per cent of sales in 2014 were digitally influenced before the consumer reached the store and this has now gone to 64 per cent in 2015.”