Source: National Cyber Security – Produced By Gregory Evans
Powered by Max Banner Ads UK retailers have said that fraud increased by 12 per cent year-on-year in 2013-14 and accounted for 37% of the total cost of crime during the period. The level of cyber attacks suffered by the vast majority of retail businesses either increased or remained unchanged in 2013-14, with most companies surveyed for the British Retail Consortium (BRC) Retail Crime Survey 2014 saying that cyber-attacks remained a critical threat to their businesses. According to the annual survey, theft of data and hacking were considered to pose the most critical cyber-related threats to retailers – but security companies have suggested that the industry is not doing enough to counter the threat of hackers and new digitally-aware criminals. James Lyne, global head of research at Sophos, provided Essential Retail with a demonstration last week highlighting how simple it can be for hackers to steal customer information at the point of sale (PoS) in-store and online. He even suggested there are still retailers running their PoS on Windows XP, which is no longer maintained by Microsoft, the software company behind the program. Alarmingly for the retail industry, criminals can purchase some of the equipment required to commit fraud at a […]
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