US EditionFrom London to Lagos: Why Retailers Around the World Need to Prepare for the Next Wave of Cyberattacks – Global Security Mag Online
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Recent cyber attacks against major British retailers such as Marks & Spencer and Co-op are not only headline stories, they offer a warning on the changing landscape of threats facing modern global retail; For African retailers who accelerate their transformation [...] The post Why retailers around the world need to prepare for the next wave of cyberattacks? first appeared on THD - Tunisia High Debit.
In April, two of the UK's largest retailers were the victims of a massive cyber attack by the well-known Scattered Spider group, resulting in substantial financial losses, operational disruptions and compromised customer data (http://apo-opa.co/40O1faD). M&S suffered losses of £300 million (http://apo-opa.co/40O1gLJ) (approximately 7.3 billion rands) as a result of the attack, with affected supply chains for weeks. In addition to direct losses, …
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