cyber attacks news and archive

Retail crime costs industry 1.9 billion pounds, more money put into cyber security

The total cost of crime and crime prevention for British retailers increased by 12 percent to 1.9 billion pounds last year - equivalent to approximately 20 percent of the estimated profits of the entire industry - according to a new report by the British Retail Consortium (BRC). The survey of 11,000 UK stores found that 900 million pounds was...

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Fraud attacks on fashion e-commerce increased 47 percent in 2018

As online retail grows, so does online fraud. Criminals are getting more and more sophisticated, requiring e-commerce companies to stay up to date about their techniques. “Fraudsters have access to more private information than ever before, and as online criminal networks expand, the access to phishing kits or ‘crime-as-a-service’ opportunities...