Security breaches double for online UK retailers

The numbers of online shops hit by serious losses of customer data has doubled in the past year…

…Customers are increasingly at risk as retailers amass ever growing collections of their shoppers’ personal information…

…Jeremy Drew, a partner at the RPC law firm, said: “Retailers are a goldmine of personal data but their high profile nature and sometimes aging complex systems make them a popular target for hackers.”…

…Mr Drew said overhauling cyber security was a low priority at some retailers because they were already struggling with the costs of a rising minimum wage, rates increases and exchange rate falls…

…Mr Drew said tougher data protection regulations coming into place next year would force firms to take the issue more seriously…

…“No UK retailer wants to be in the position of some public examples who were forced to confirm that it took them nearly a year to close a data security breach.”

A Government survey of cyber attacks and breaches earlier this year found just under half of UK businesses said they had been struck in the previous years.

But a third of businesses had not spent any money trying to bolster security against attacks and a large proportion did not even have basic protections…

Read more at:  ‘Cyber attacks on online retailers double in a year‘