Should Retailers Increase Cyber Security?
Following last year's cyber attack on Target Corp., retailers large and small are facing growing pressure to enhance their protective measures around consumer data. Since then, Target has taken steps to improve its data security, accelerating its own $100 million plan to invest in technology to keep classified customer data encrypted and out of the hands of criminal hackers.
“U.S. retailers have been so focused on cutting costs and expanding their online presence in the past decade that they have not spent enough of their technology budgets on protecting customer data,” writes Dhanya Skariachan and Phil Wahba in the Reuters article “U.S. Retailers Face Pressure to Raise Cybersecurity Spending.”
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