GITNUX MARKETDATA REPORT 2024

Cybersecurity In The Retail Industry Statistics

Statistics show that the retail industry is a prime target for cyber attacks, with a 154% increase in data breaches from 2019 to 2020.

Statistic 1

"In 2020, 64% of retailers said they had experienced some type of cybersecurity attack."

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Statistic 2

"Approximately 71% of retail organizations have a budget specifically dedicated to cybersecurity, showing an increase from 51% in 2017."

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Statistic 3

"U.S. retailers lost $60 billion to cyber attackers in 2019."

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Statistic 4

"Nearly 97% of retailers ranked cybercrime among their top five risks in 2021."

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Statistic 5

"95% of retail businesses reported experiencing more cyber threats in the past 12 months."

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Statistic 6

"Roughly 86% of breaches in 2020 were financially motivated, making the retail industry a lucrative target for hackers."

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Statistic 7

"Retailers faced an average of 29.4 million attacks in 2020."

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Statistic 8

"The average cost for cybercrime for a retail company is $1.84 million."

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Statistic 9

"43% of cyber attacks targeted small businesses in the retail sector."

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Statistic 10

"Cyberattacks against retailers peak between October to December, accounting for 32% of annual attacks."

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Statistic 11

"60% of small retailers that are victims of a cyber attack will go out of business within six months."

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Statistic 12

"In 2020, the average detection and escalation costs for a cyber breach in retail companies increased to $1.37 million."

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Statistic 13

"It is believed that cybercrime will impose a global cost of £6 trillion by 2021."

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Statistic 14

"The retail industry saw a 930% increase in DDoS attacks in 2019 compared to 2018."

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