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Retail data breaches continue to reach new highs

19
Jul
2018
Retail data breaches continue to reach new highs

Credit Cards are displayed over money for a photo illustration at the Fog Hill Market in San Francisco, California, U.S., on Wednesday, July 20, 2011. Consumers may be relying more on their credit cards to pay for necessities like food and fuel, an indication that inflation is impacting spending habits. Photographer: David Paul Morris/Bloomberg

Thales announced the results of its 2018 Thales Data Threat Report, Retail Edition. According to U.S. retail respondents, 75% of retailers have experienced a breach in the past compared to 52% last year, exceeding the global average.

U.S retail is also more inclined to store sensitive data in the cloud as widespread digital transformation is underway, yet only 26% report implementing encryption – trailing the global average.

Year-over-year breach rate takes a turn for the worse

While last year’s report showed an encouraging decrease in breaches, this year U.S. retail data breaches more than doubled from 19% in the 2017 survey to 50%.

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