Archive for November 4th, 2021

Cyberattacks on Retailers and Shoppers to Rise in November

Thursday, November 4th, 2021

Cyberattacks on online retailers and shoppers are projected to rise in November in conjunction with Singles’ Day, Black Friday and Cyber Monday. Here are some protective measures that shoppers and retailers can practise.

According to the Imperva’s “The State of Security Within eCommerce 2021” report, threats are escalating for the retail industry.

According to the Imperva’s “The State of Security Within eCommerce 2021” report, threats are escalating for the retail industry.

Imperva has released a new eCommerce report and issued advice around safe retailing in conjunction with the world’s biggest online shopping event on Nov 11 − Singles’ Day.

“The 2021 holiday shopping season is shaping up to be a nightmare for both retailers and consumers. With the global supply chain conditions worsening, retailers will not only struggle to get products to sell in Q4, but will face increased attacks from motivated cybercriminals who want to benefit from the chaos. Retailers and consumers alike need to take the necessary steps to protect themselves,” says Peter Klimek, Director of Technology, Office of the CTO, Imperva.

The company helps organisations protect their data and all paths to it – securing their applications, data and websites from cyber attacks.

Last year, Chinese e-commerce giants Alibaba and JD.com racked up around US$115 billion in sales across their platforms during the Singles Day shopping event, setting a new record.

Singles’ Day online sales in China usually surpass the US Cyber Monday sales, Black Friday or any other 24-hour shopping campaign by a wide margin making it the biggest shopping holiday in the world.

Scams typically rise in tandem with the number of online shoppers, and Imperva’s 12-month analysis on cybersecurity risks in the retail industry suggests that the 2021 holiday shopping season will be no different.

In fact, in Imperva’s “The State of Security Within eCommerce 2021” report, the number of victims this year is projected to surpass that of last year’s.

More details below from the report

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