Cybercrime Declines for Retailers But Costs Still Bother

Retailers face fewer attacks but higher recovery costs. Retail cyberattacks are down. down from 69% last year. Only 45% of retailers were hit by ransomware, However, attackers are more ruthless. Nine in ten retailers reported that cybercriminals targeted their backups. Almost half of these attacks were successful. 50% Six out of ten retailers paid ransom to regain their data. 6 The cost of recovery has increased. $2.73 million Retailers now pay an average to recover, up from $1.85 million last year. with only 46% back in business within a week. Recovery time has also increased, To protect your business, start with prevention. Secure endpoints, email, and firewalls. Detect and respond quickly. Plan and prepare with a well-practiced incident response plan.