While retailers keep opening new stores, hackers continue mastering their skills. What cybersecurity challenges should the retail industry expect in 2020? It is time to reveal trends and prepare to fight upcoming attacks. Learn the details: https://www.intellias.com/retail-security-challenges-in-2020-in-depth-security-coverage-to-prevent-retail-theft/

1. In 2019, Verizon reported over 53,000
incidents and 2,216 confirmed data breaches.
Here are the most common cyberattacks
Verizon has faced in the last year:
Source: Cybersecurity mid-year snapshot 2019
Top 5 cybersecurity
trends retailers should
keep an eye on in 2020
Most dangerous retail
security challenges:
CISOs are responsible for making
risk-based decisions and coming up
with the most efficient cybersecurity
strategies.
The new CISO’s playbook:
5 rules to follow
1
4 5
4. GDPR compliance
Once retailers start processing
customer information, they have to
start complying with GDPR.
Even though complying with GDPR
is time-consuming and requires legal
assistance, it has to be done to
avoid lawsuits.
5. Application security self-testing
Companies working with DevOps will
be securing their applications by
adopting security self-testing,
self-diagnosing, and self-protection
technologies to assess new vendors
and detect possible security threats.
Credential
phishing
Malware
(besides
ransomware)
Ransomware DDoS
attacks
BEC/wire
transfer
fraud
30.43%
November
2018
Phishing
scams
6 month
later
Privileged
accounts
IoT
devices
7.94%
Critical
infrastructure
Phishing
scams
Email
takeover
21.74% 13.04% 10.14% 7.25%
3. Data protection
While the cloud is the future of
ecommerce, it also brings unknown
bugs and a high risk of mistakes.
That’s why data protection will
remain one of the top priorities for
retailers in 2020.
To-dos and must-haves
for CISOs
ABI Research predicts that
machine learning in cybersecurity
will increase big data, intelligence,
and analytics spending to
75%
new malicious
programs every
day
The AV-Test
Institute registers
more than
of all attacks are carried
out either through denial
of service, web
applications, or payment
card skimmers
250.000
Engage stakeholders in
cybersecurity discussions
and explain the importance
of cybersecurity protection.
32
Effectively inform
business leaders about
cybersecurity threats
and how challenging it
might be to fix them at
later stages.
Encourage bigger
investments in retail
cybersecurity.
Strive for passwordless
authentication.
Provide essential
cybersecurity skills
training for employees.
How deep learning
algorithms can assist in
identifying security risks
Detect cybersecurity threats.
Empower the retail industry with data
to prevent retail theft.
AI can eliminate a lot of human work.
Push the development of intelligent
reasoning and analysis of security
threats.
Detection, prediction, and relationship
diagram algorithms will play a massive
role in preventing retail theft.
Basic learning
of historical data
Sensitivity
adjustment for
secondary
verification of
learning result
Trust operations
to improve
learning accuracy
Historical
data + trust data
toautomatically
train and update
baselines
Recurred and
automatic
baseline updates
1 2 3 4 5
According to the Cyber Security Mid-Year
Snapshot 2019 by Cyber Security Hub, critical
infrastructure, phishing scams, and email
takeovers are the three most dangerous
retail security challenges.
With major retail security breaches
in the news, it’s time to reveal
cybersecurity trends and prepare
to fight upcoming attacks.
Retail Security
Challenges
in 2020
19.58% 10.58%
1. Same threats, different
approaches
Treat known vulnerable threats as
newly discovered ones. It’s always
more costly to fix something later,
so protect your enterprise security
by solving even minor issues.
2. Risk management
The tendency to increase
cybersecurity budgets isn’t going
to slow down. Retail companies will
start prioritizing cybersecurity by
strategically planning retail theft
prevention.
$96 billion
by 2021
Why is maintaining security so challenging?
8.7%17.39% 14.49%