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of global retail sales were ecommerce purchases and that number is expected to climb to 22% by 2023. This double digit growth in ecommerce spending should come as no surprise, given that large ecommerce companies like Shopify have shared data that show 52% of buyers have shifted more of their spending online compared to earlier this year.
This will leave them vulnerable to cyberattacks since cybercriminals often exploit security loopholes in outdated software to get into companies’ internal systems. For instance, experts predict that eCommerce will continue to boom in 2023. Compromised customer data. Increased downtime.
Human vulnerability can easily be exploited by criminals. The number one phishing target: Financial institutions Not surprisingly, financial institutions such as banks, payment systems, online stores, and eCommerce are the most popular targets of phishing scams. Phishing is quite effective.
We’ve seen the beginnings of this, but really if you start to think about it, we’re now having eCommerce, eGovernment, and even eIdentity. In your view, how is the role of the CISO changing? Jeremy Capell: We’re shifting into a digital decade. Social media is ever-present. So, the role of the CISO needs to keep pace with these trends.
It targets HTTP Internet properties such as mobile application servers, ecommerce websites, and API gateways. Cloudflare Drops DDoS Threat Report for 2023 Q3 In the third quarter of 2023, Cloudflare faced one of the most sophisticated and persistent DDoS attack campaigns in recorded history. Read on for more. Chkk Raises $5.2
For example, a targeted ransomware attack on an ecommerce site’s third-party payment portal wouldn’t need to trigger a system-wide recovery effort for the entire application and every database. What Sort of Data Needs to Be Recovered?
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