2018 Sees Record Number of Online Retail Data Breaches

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During the holiday season people logged on to make purchases through online retailers, like no other time of the year. While there was significant growth in many segments of society on a global scale in 2018, we also saw a significant increase in online retail breaches where personally identifiable information was compromised at an alarming rate. With more and more people using online services for everything from ordering perishable food products to plane tickets and hotel reservations, 2018 proved to be a huge year for online/cybercriminals.

Here are some facts around some of the largest and most far-reaching retail breaches of 2018:

Data breaches are on the rise, and the total number of accounts breached has become ridiculously high.A report from cybersecurity firm Shape Security showed that almost 90% of the login attempts made on online retailers’ websites are hackers using stolen data.Many of these breaches were caused by flaws in payment systems that were taken advantage of by hackers.

Read the whole article on the AlienVault blog.

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