Recent cyberattacks on high-profile retailers such as Victoria's Secret and Cartier have raised concerns about vulnerability across the retail sector. Experts like James Maude emphasize that attackers are often after the customer data associated with high net worth individuals rather than the retailers themselves. This trend is exacerbated by retailers' focus on user experience over security, which leads to weaker defenses. Popular reward programs also attract cybercriminals, creating additional risks through credential stuffing techniques. The evolving threat landscape underscores the urgency for stronger security measures within the retail industry.
This is yet another reminder that no brand is too big or too luxurious to be breached.
The retailers themselves are not always the ultimate target and these may well represent supply chain attacks on high net worth individuals.
In general, the retail sector can find themselves caught in tradeoffs where their focus is on making it as easy as possible to buy an item not making it as secure as possible.
Rewards points and loyalty schemes have become a frequent target for attack as attackers launch credential stuffing campaigns fueled by other breaches.
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