- Data breaches are becoming common for all kinds of businesses, including retailers.
- Since January 2018, at least 11 retailers and consumer companies were hacked and likely had information stolen from them.
- Many of these breaches were caused by flaws in payment systems that were taken advantage of by hackers.
- Retailers who suffer data breaches risk losing their customers’ trust.
Data breaches are on the rise for all kinds of businesses, including retailers.
At least 11 consumer companies reported data breaches in the last year. Many of them were caused by flaws in payment systems either online or in stores.
A recent report published by cybersecurity firm Shape Security showed that 80-90% of the people who log in to a retailer’s e-commerce site are hackers using stolen data. This is the highest percentage of any sector examined in the report.
These data breaches are a real danger for both companies and customers, as they can damage the trust shoppers have in brands.
According to a study by KPMG, 19% of consumers said they would completely stop shopping at a retailer after a breach, and 33% said they would take a break from shopping there for an extended period.
Here are the consumer and retail companies that suffered a data breach in the last year:
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Buca di Beppo
Buca di Beppo’s parent company, Earl Enterprises, was hit with a major data breach that potentially lasted from May 23, 2018 to March 18, 2019.
The breach may have exposed customers’ names and credit- and debit-card numbers, as well as their expiration dates.
Some Planet Hollywood restaurants were also impacted by the breach that hit parent company Earl Enterprises.
Earl of Sandwich
Locations of Earl of Sandwich were also affected by the Earl Enterprises breach.
See the rest of the story at Business Insider