Online shopping has skyrocketed this year due to its pandemic COVID-19 and the measures that have been imposed, with traders worldwide facing more risks security. THE Tripwire reports that 78% of employees in the retail security sector said in a recent survey that their organizations had taken additional security precautions for the holiday season.
According to the survey, more than a third of the participants said that the key factor in taking additional measures this year is COVID-19.
"It is clear that the virus is causing changes in the way retailers think about the holiday season. They start earlier and expect increased volume as well as increased risk. With fewer people in stores, there will be more online shopping. "More online shopping means more risk, including attacks on both consumers and retailers themselves." Tim Erlin, Vice President of Product Management & Strategy at TripWire.
Additional security measures come in a variety of forms, with 75% of respondents saying their employers have invested in more tools and technology. Nearly 70% said employers updated procedures and provided additional staff training. About half (51%) stated that their organization had an increased use of managed services, while 39% noted the recruitment of additional employees and contractors.
Majority organizations say they have increased security budgets to give their teams the best chance to prevent violations during the festive season. As a result, more than three-fifths (61%) of respondents reported that their ability to detect and respond to security breach had improved from the previous year. Nearly a third (32%) of survey participants described their company's data protection capabilities as "excellent", an increase of 19% compared to 2017. The percentage of organizations that detect configuration changes within minutes or hours increased from 55% to 97% between 2017 and 2020.
TripWire said that as the shopping landscape continues to evolve, threats at cyberspace will worsen. Last week the TransUnion released new findings on online retail trends for the 2020 holiday season worldwide. Research shows that suspected online fraud around the world during Christmas shopping will increase by 14% compared to the beginning of this year and will be 59% higher than the same period in 2018.
Consumers are aware of the security risks of shopping at Internet, but with COVID-19 cases increasing in many parts of the country, the number of online sales in USA is expected to grow between 20% and 30% this year, according to the National Retail Federation.