The 2022 Thales Data Threat Report for Retail reveals that 65% of retailers saw rising cyberattack volumes, with ransomware identified as the top threat. About 45% experienced a breach in the past year, while 27% faced ransomware attacks and nearly half had formal response plans. Key impacts included financial losses and data exfiltration. Multi-factor authentication adoption reached 74%, and 68% of retailers operate in multi-cloud environments. However, only 46% know where their data is stored, and 18% use five or more key management systems. Data encryption in the cloud reached 59%, highlighting ongoing Zero Trust efforts.

Join for free to read