Ransomware affects the entire retail supply chain this holiday season

US online holiday sales grew by 30% in 2020, and Forrester forecasts that it will grow another 10% year over year in 2021. This growth raises the stakes for retail professionals to support the increased demand, which ultimately makes them a prime target for ransomware attackers. 

Why should retailers pay attention to ransomware preparedness? 

Ransomware attackers target organizations that need as close to 100% uptime as possible, since those businesses will feel the effects of a ransomware attack more viscerally and are more likely to pay a ransom quickly. Retailers and their providers fall right into this bucket: They rely on continuously running production, they must serve consumers constantly, and they often utilize just-in-time manufacturing. Furthermore, they often have several third-party dependencies they can’t disappoint and complex supply chains to manage. 

Every aspect of the retail supply chain is a potential target of attack. 

Since the holiday season guarantees retailers an increase in traffic and more emotionally-charged purchases, the incentive for ransomware groups to attack them is exacerbated now more than ever. Below, we provide a primer on ransomware attacks and how they can affect retailers. 

What is ransomware? 

Ransomware is a type of malicious software designed to block access to a computer system until a

Read More: https://www.zdnet.com/article/ransomware-affects-the-entire-retail-supply-chain-this-holiday-season/#ftag=RSSbaffb68