What is a cyber threat?
Cash-flow problem, loss of customer loyalty, reputational damage - these are just some of the potential effects of a cyber security breach. Additionally, the UK is one of the world's biggest users of e-commerce.
It’s vital that all independent retailers implement effective cyber security and cyber-enabled fraud prevention, especially when:
- Intelligence suggest that fraudsters target smaller retailers who don’t have adequate security measures in place.
- Those in the retail industry are leaving their data exposed with 1 in 7 not taking steps to protect their data.
- 71% of retailers put the most value on their customers, highlighting retailer’s duty to protect customer data.
- In 2016 remote purchase fraud increased by 9% to £432.3 million.
- 95% of businesses consider cyber security to be very or quite important to their business, and yet 45% do not have a formal cyber security strategy.
What can my business do about cyber threats?
You can't have escaped the headlines on British businesses targeted by cyber criminals. Cyber crime and fraud are major security priorities for all businesses and independent retailers are no exception.
Bira is offering guidance to independent retailers on how best to protect yourself from cyber threats and stay secure online.
Whether you simply hold customer data for CRM or are transacting online, you have something of value to cyber criminals. Our aim at Bira alongside advice from Government is to provide guidance to independent retailers on how best to protect themselves from cyber threats, stay secure online and get cyber aware.
Since the UK retail industry and its customers are often targeted, cyber security is now a critical part of day-to-day business.
There are simple and quick ways for independent retailers to protect themselves and their customers against the threat, helping them to become strong and secure on cyber security.
Get cyber aware with the latest Cyber Security News and Resources below.
