The Latest Cybersecurity In The Clothing Industry Statistics Explained
Retail sector was the top industry in terms of incidents report at 16.7% in 2019.
In 2019, the retail sector experienced the highest proportion of reported incidents at 16.7%, indicating that it was the industry with the highest frequency of reported issues compared to other industries. This statistic suggests that the retail sector faced a significant number of challenges or problems throughout the year that warranted reporting. The high percentage of incidents within the retail industry may prompt further investigation into the underlying causes and potential implications on the sector’s operations, reputation, and overall performance. This information could be valuable for stakeholders in assessing the risk landscape and implementing strategies to address and mitigate potential issues within the retail sector.
U.S. retailers experience 2.5x as data breaches each week on average.
The statistic that U.S. retailers experience 2.5 times as many data breaches each week on average suggests that compared to some benchmark or average, U.S. retailers are more susceptible to data breaches. This means that U.S. retailers are facing a significantly higher rate of data breaches compared to either a different time period or other geographic regions. The statistic implies that U.S. retailers need to prioritize enhancing their data security measures to safeguard sensitive information and protect against potential cyber threats. This comparison metric highlights the severity of the issue and underscores the importance of developing robust cybersecurity strategies within the retail sector to mitigate the risks associated with data breaches.
Only 28% of retailers have a fully deployed patch management process.
The statistic that only 28% of retailers have a fully deployed patch management process indicates a relatively low level of adoption of a crucial cybersecurity practice among retail businesses. Patch management involves keeping software and systems up-to-date with the latest security patches to address vulnerabilities and protect against cyber threats. A fully deployed patch management process is essential for safeguarding sensitive customer data, preventing data breaches, and ensuring business continuity. The fact that only 28% of retailers have implemented such a process suggests a significant portion of the industry may be at risk of security incidents and underscores the importance of strengthening cybersecurity practices in the retail sector.
$172 – average cost per stolen data record in the retail industry.
The statistic “$172 – average cost per stolen data record in the retail industry” represents the average financial impact incurred by retail companies for each piece of data that is stolen or compromised. This cost encompasses various expenses such as investigating the breach, notifying affected customers, implementing security measures, regulatory fines, and potential loss of customer trust. Having a high average cost per stolen data record highlights the significant financial burden that data breaches can impose on retail businesses, underscoring the importance of investing in robust cybersecurity measures to protect sensitive information and mitigate potential losses.
Fast-fashion retailer Shein suffered a significant breach in 2018, exposing data of about 6.42 million customers.
The statistic states that in 2018, the fast-fashion retailer Shein experienced a notable security breach where the personal data of approximately 6.42 million customers was compromised. This breach likely involved the unauthorized access or theft of sensitive information such as names, contact details, payment information, and potentially other personal data. The incident highlights the importance of robust cybersecurity measures in safeguarding customer information, as breaches can have severe consequences for both the affected individuals and the reputation of the company. In response to such breaches, companies often need to enhance their data protection protocols, notify affected customers, and work to rebuild trust with their client base.
9% of the retail breaches were conducted through POS systems.
The statistic stating that 9% of retail breaches were conducted through POS systems indicates the proportion of security breaches in the retail industry that were carried out by exploiting vulnerabilities in point-of-sale systems. This suggests that POS systems are a significant target for cybercriminals looking to steal sensitive financial information such as credit card details. Retailers and businesses operating POS systems should therefore prioritize implementing robust security measures, such as encryption protocols and regular security audits, to protect their systems and customers’ data from potential breaches. Additionally, raising awareness among employees about cybersecurity best practices can help mitigate the risk of POS system attacks and safeguard the integrity of retail transactions.
86% of the retail and consumer businesses consider themselves as vulnerable to data threats, 19% said they’re very or extremely vulnerable.
This statistic indicates a high level of concern among retail and consumer businesses regarding data threats, with 86% perceiving themselves to be vulnerable in some capacity. More specifically, 19% of these businesses view themselves as highly vulnerable, signaling a significant subset that feels very or extremely exposed to potential data breaches or cybersecurity risks. These findings suggest a widespread acknowledgement of the importance of data security within the industry, highlighting the need for tailored strategies and investments in safeguarding sensitive information to mitigate risks and protect both consumer data and overall business operations.
Fashion brand Guess was the victim of a ransomware attack in 2021, affecting 1,300 individuals’ personal data.
The statistic states that the fashion brand Guess experienced a ransomware attack in 2021, resulting in the compromise of personal data belonging to 1,300 individuals. A ransomware attack is a type of cyberattack where a hacker encrypts a victim’s data and demands a ransom payment in exchange for the decryption key. In this case, it appears that the attackers were successful in accessing and potentially stealing personal information from Guess’s databases. This incident not only raises concerns about the security practices of the company but also highlights the serious threat that ransomware attacks pose to organizations and individuals in the digital age. The affected individuals may now be at risk of identity theft, financial fraud, and other negative consequences as a result of the breach.
References
0. – https://www.securityintelligence.com
1. – https://www.www.ibm.com
2. – https://www.www.securitymagazine.com
3. – https://www.www.counterveil.com
4. – https://www.www.infosecurity-magazine.com
5. – https://www.www.wizcase.com
6. – https://www.www.business.att.com
