A recent analysis suggests that retailers will face 20% increase in cyberattacks this holiday season. Commodity malware and ransomware will continue to remain the biggest threats, but retailers should be also concerned about their websites or mobile apps being hijacked.
The other major threat is lateral movement, where attackers gain an initial foothold in a network and then expand their presence to other systems - also to the vendor's partners. According to the analysis a high number of retailers have already been impacted by recent cyber attacks. 73% of organisations reported an increase in online attacks over the past year, and 40% said they had lost revenue in 2019 as the result.