retail

Most UK Retailers Hit By Cyber Disruption Say They Overspend On Cyber

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Cyber Insurance News story on UK retail cyber risk showing a shopfront at night with shelves of glowing padlocks behind a half-lowered shutter

Marsh surveyed 350 senior UK retail executives. Among those who went through a major cyber disruption last year, 64% say they are overinvesting in cyber resilience. Marsh says the measure that matters is speed of recovery. Last year, cyberattacks caused mass disruption at major UK retailers, including Marks & Spencer. The sector responded by spending. … Read more

Headquarters Pays The Ransom. Franchisees Set The Rules.

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Cyber Insurance News story on franchise cyber risk showing a row of shopfronts with one store's red glow spreading to its neighbors

VikingCloud surveyed large multi-location brands, which the report calls “distributed enterprises,” on how attacks spread and who pays. Headquarters makes the ransom call far more often than it mandates security. The survey did not ask whose cyber policy responds. When ransomware hits one location of a large brand, headquarters usually makes the ransom call. That … Read more

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