BrandPost: Are Retailers Ready for Holiday Season Ransomware?

BrandPost: Are Retailers Ready for Holiday Season Ransomware?

Retail has a ransomware problem. While almost every sector has been plagued by ransomware over this past year– which is malicious software that locks access to systems and encrypts data so that users cannot access it – retail is a particularly hard hit vertical. In just the last few weeks, we have seen ransomware attacks against electronics retail giant MediaMarkt, Europe's largest consumer electronics retailer, and Diamond Comic Distributors, a top middleman for delivering many types of comics, including Marvel, to retail stores.

With the holidays now quickly approaching, it is a good time for organizations in retail to assess whether or not they are ready if they are hit by such an attack. With supply chains already disrupted by other factors, and customer demand at its highest level of the year, an attack could have devastating consequences for a retail organization.

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