Holiday shopping has commenced, but cybersecurity is year-round for retailers

By Erin Ayers on December 1, 2016

The holiday shopping season may place additional stress on retailers but, after several years of high-profile retail data breaches, cybersecurity has become a year-round pursuit for them, according to a new report from Bay Dynamics.

“IT and security professionals say they feel pressure year-round to secure their organizations, not just during the holidays, versus in 2015 when a majority said they felt more pressure during the holidays to secure their organizations. IT and security professionals are seeing a persistent cyber threat,” commented the authors of the report. “They understand they can get hacked or suffer a breach any day of the year. Therefore, they are under pressure all the time, not just during the holidays.”

For those security professionals in the retail sector who do feel more pressure during the holidays, they say it comes from the C-suite, rather than boards of directors or customers.

Retailers have responded by ensuring that they are patching vulnerabilities in their systems more quickly, according to Bay Dynamics – nearly 60 percent of respondents said they patch security holes within 48 hours.

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eayers@advisen.com'

Erin is an editor at Advisen. She has 15 years of journalism experience. Prior to Advisen, Erin covered property-casualty insurance for 13 years as editor-in-chief of The Standard, New England’s Insurance Weekly. Erin is based in Boston, Mass. Contact Erin at eayers@advisen.com.