Attacks/Breaches

7/19/2018
10:20 AM
Connect Directly
Twitter
Twitter
RSS
E-Mail
50%
50%

Number of Retailers Impacted by Breaches Doubles

The retail race for digital transformation is being run without the safety of security measures.

As retailers of all stripes try to keep up with competitors through digital transformations, the data indicates they're still not building in security into those technical makeovers. A new report out this week shows the number of US retailers reporting being breached in the last year more than doubled to 50% in 2018, compared with only 19% in 2017.   

The data was collected for the "2018 Thales Data Threat Report, Retail Edition," which also indicates that the pool of retailers being hit by breaches is broadening with the jump in incidents. The study shows that the rate of retailers reporting they'd been hit by at least breach anytime in the past shot up to 75%, from 52% last year.  

"These increases come as no surprise to retailers," says Garrett Bekker, principal analyst for information security at 451 Research, who explains the survey showed that the number of retailers who reported their organizations are extremely vulnerable to data breaches increased by a third this year. "This trend can be partially attributed to US retailers' aggressively pursuing a multicloud strategy, [yet they] continue, year after year, to spend on the same security solutions that worked for them previously."  

According to Bekker, retailers are increasingly depending on cloud services and other innovations while still counting on traditional endpoint and network security protections to keep them safe. The survey shows that 95% of retail organizations use sensitive data in advanced technology environments — including cloud, big data, IoT, and container technology — but only a little more than half believe that sensitive data flowing into these systems is being protected with adequate security in place.

The numbers also show that while retailers are more likely than other sectors to utilize cloud technologies, they're also less likely to put protections in place. For example, retailers are slower than other industries to use encryption, with only 26% that say they are implementing the tech in the cloud today. 

Similarly, the recent "2018 Trustwave Global Security Report" shows retail to be the sector most affected by data breaches in 2017. Seventeen percent of the incidents studied by the firm were at retail organizations, compared with 13% at financial institutions and 12% at hospitality companies.

While many retail organizations do plan on throwing money at the problem in the upcoming year, planned spending priorities show that they may be funneling cash into less-than-optimal security strategies. Around 84% of organizations say they'll increase IT security spending in the coming year, and 28% say that increase will be significant. But at the same time, endpoint and mobile defenses are those targeted for the largest increases, cited by 72% of organizations — this in spite of the fact that survey respondents report these protections as the least effective compared with technology like analysis and correlation tools. 

Related Content:

 

 

 

Black Hat USA returns to Las Vegas with hands-on technical Trainings, cutting-edge Briefings, Arsenal open-source tool demonstrations, top-tier security solutions and service providers in the Business Hall. Click for information on the conference and to register.

Ericka Chickowski specializes in coverage of information technology and business innovation. She has focused on information security for the better part of a decade and regularly writes about the security industry as a contributor to Dark Reading.  View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
rhuleva
50%
50%
rhuleva,
User Rank: Apprentice
7/22/2018 | 6:18:55 AM
Obviously not concerned
I guess this is kind of like Identify theft. It's easy to ignore and pretend it won't happen to you...until it DOES! So much of this is preventable if companies would simply take the necessary precautions.
Worst Password Blunders of 2018 Hit Organizations East and West
Curtis Franklin Jr., Senior Editor at Dark Reading,  12/12/2018
8 Security Tips to Gift Your Loved Ones For the Holidays
Steve Zurier, Freelance Writer,  12/18/2018
How to Engage Your Cyber Enemies
Guy Nizan, CEO at Intsights Cyber Intelligence,  12/18/2018
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
The Year in Security 2018
This Dark Reading Tech Digest explores the biggest news stories of 2018 that shaped the cybersecurity landscape.
Flash Poll
[Sponsored Content] The State of Encryption and How to Improve It
[Sponsored Content] The State of Encryption and How to Improve It
Encryption and access controls are considered to be the ultimate safeguards to ensure the security and confidentiality of data, which is why they're mandated in so many compliance and regulatory standards. While the cybersecurity market boasts a wide variety of encryption technologies, many data breaches reveal that sensitive and personal data has often been left unencrypted and, therefore, vulnerable.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-16883
PUBLISHED: 2018-12-19
sssd versions from 1.13.0 to before 2.0.0 did not properly restrict access to the infopipe according to the "allowed_uids" configuration parameter. If sensitive information were stored in the user directory, this could be inadvertently disclosed to local attackers.
CVE-2018-17192
PUBLISHED: 2018-12-19
The X-Frame-Options headers were applied inconsistently on some HTTP responses, resulting in duplicate or missing security headers. Some browsers would interpret these results incorrectly, allowing clickjacking attacks. Mitigation: The fix to consistently apply the security headers was applied on th...
CVE-2018-17193
PUBLISHED: 2018-12-19
The message-page.jsp error page used the value of the HTTP request header X-ProxyContextPath without sanitization, resulting in a reflected XSS attack. Mitigation: The fix to correctly parse and sanitize the request attribute value was applied on the Apache NiFi 1.8.0 release. Users running a prior ...
CVE-2018-17194
PUBLISHED: 2018-12-19
When a client request to a cluster node was replicated to other nodes in the cluster for verification, the Content-Length was forwarded. On a DELETE request, the body was ignored, but if the initial request had a Content-Length value other than 0, the receiving nodes would wait for the body and even...
CVE-2018-17195
PUBLISHED: 2018-12-19
The template upload API endpoint accepted requests from different domain when sent in conjunction with ARP spoofing + man in the middle (MiTM) attack, resulting in a CSRF attack. The required attack vector is complex, requiring a scenario with client certificate authentication, same subnet access, a...