Retail Cybersecurity: Black Friday and Cyber Monday Are Upon Us (Security Intelligence)
In the U.S., the post-Thanksgiving shopping blitz of Black Friday often serves as a make-or-break event for many retailers. Indeed, Black Friday is the day when retailers start to make a profit for the year.
No further explanation is needed to understand why retail cybersecurity is so important. Since the arrival of the browser, online shopping has evolved. In 2005, the National Retail Foundation (NRF) coined the term Cyber Monday to describe the Monday after Thanksgiving and Black Friday, and over the years it has evolved into a major concern for security-conscious businesses.
According to Practical Ecommerce, the 2015 shopping weekend saw billions of dollars of sales, of which more than $10.4 billion was attributed to in-store sales and $5.77 billion to online sales. Meanwhile, comScore reported nearly $70 billion in desktop and mobile online sales between Nov. 1 and Dec. 31, 2015.