Cybersecurity in Retail and Apparel - Thematic Research

Cybersecurity in Retail and Apparel - Thematic Research

Summary

Retail is one of the sectors most vulnerable to cybersecurity risks. Retail companies are high-profile and contain a goldmine of consumer personal and financial information, which will be attractive to hackers. The biggest threat to retailers is that the personal consumer data they hold could be accessed by criminals unless state-of-the-art defenses are implemented.

Key Highlights

• According to GlobalData forecasts, global security revenues in retail are headed for strong growth in the next few years, growing from $7 billion in 2019 to reach $12 billion by 2025
• Any retailer who has incorporated digitalization into their business needs to ensure that they are protected, partnering with tech vendors who can secure their online platforms and payment systems.
• Key M&A deals related to cybersecurity
• Leaders and laggards in retail for cybersecurity

Scope

Cybersecurity is one of the most important themes for retailers, especially since the rise of ecommerce or hybrid retailer models offering both in store and online services for consumers. Point-of-sale systems are the most vulnerable area to hackers seeking to gain sensitive consumer data, mostly involving finances. As more retailers implement digital platforms and incorporate technologies to offer more convenient shopping experiences they'll need to think more about their security systems. If not, they could be hit with huge fines for violating international laws, most notably the EU's GDPR.

Reasons to Buy

• Get an understanding of all aspects of the cybersecurity value chain, and how they relate to retailers both now and in the future.
• Explore the main challenges faced by retailers today, and how they exacerate the need for retailers to adopt cybersecurity measures
• Identify key points of vulnerability for retailers and see where they should focus their cybersecurity efforts
• See market size and growth forecasts detailing how much retailers have and will spend on cybersecurity between 2019 and 2025
• See which companies are the leading adopters of cybersecurity, as well as laggards whose lack of attention to cybersecurity has cost them financially and in reputation.