Cybercriminals Shift Focus to Retail Sector

Cybercriminals Shift Focus to Retail Sector

April 27, 2016         Written By John H. Oldshue

Cybercriminals have shifted their focus from financial markets to the retail sector, according to the NTT 2016 Global Threat Intelligence Report. In fact, retailers expect nearly three times as many attacks as the financial sector.

The report is based off of data compiled in 2015 from 8,000 NTT Group security companies, including Dimension Data, Solutionary, NTT Com Security, NTT R&D, and NTT Innovation Institute (NTTi3). The report analyzed 3.5 trillion security logs and 6.2 billion attacks.

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“Retail companies are becoming increasingly popular targets as most process large volumes of personal information, including credit card data, in highly distributed environments with many endpoints and point-of-service devices. Such diverse environments can be difficult to protect,” explained Matthew Gyde, Dimension Data’s Group Executive-–Security.

The study also found:

  • While 65% of attacks originated from IP addresses in the United States, they could actually be located anywhere in the world. Hackers have started to use low-cost and geographically strategic infrastructures that can mask their point-of-origin.
  • Last year, there was an 18% increase in malware across all industries except for the education sector.
  • Malware attacks are becoming more frequent and complex. While organizations are developing sandboxes, software that examines suspicious code in a protected environment, malware developers are developing anti-sandbox techniques.

The information contained within this article was accurate as of April 27, 2016. For up-to-date information on any of the terms, cards or offers mentioned above, visit the issuer's website. Many of the offers on this article are from our affiliate partners, and LowCards.com may be compensated if you take action with any of our affiliate partners.

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About John H. Oldshue

John Oldshue is the creator of LowCards.com. He worked for over 15 years in television and won an Emmy award for his reporting. He covers credit card rate issues for LowCards.com.