In the dynamic world of Retail, where customer experience and operational efficiency are paramount, cybersecurity has become a critical concern. As retailers increasingly embrace digital transformation to enhance their services and streamline operations, they also expose themselves to a growing number of cyber threats. 

Retailers face unique cybersecurity challenges, including protecting customer data, securing legacy systems, and safeguarding e-commerce platforms from malicious activities.  

The necessity for cybersecurity, the practice of protecting systems, networks, and data from digital attacks, is crucial in the Retail industry. 

Cybersecurity Landscape in the Retail Industry  

In a recent study conducted by Orange Cyberdefense, the Retail industry ranks second, with 22% of cybersecurity incidents, immediately after the Manufacturing sector. 

According to Check Point Research cybersecurity threats have already increased with 66% in the previous years and are expected to rise more in the future. Moreover, the global average of weekly attacks increased to 42% in 2023 for the Retail industry, according to the same research.  

These trends highlight the critical need for the Retail industry to adopt robust cybersecurity solutions like Security Operations Center as a Service (SOCaaS), which ensure increased defence against the escalating threat landscape.  

A Security Operations Center is necessary to detect and respond to threats.   

Acquiring a SOCaaS solution is an excellent way to get going fast with detecting and responding to threats without high upfront costs and long lead times to building the team (for companies without a SOC in place). It also represents a good way to expand the current cybersecurity team with external, professional services. 

Market Predictions for the Retail Industry  

Emerging trends and market predictions highlight the increasing complexity and frequency of cyber threats that retailers must prepare for. Understanding these market predictions is crucial for retailers aiming to protect operations and customer data and maintain trust in a highly competitive environment. 

According to research conducted by Gartner, in 2025, 60% of organisations will consider cybersecurity risk as a primary determinant in conducting third-party transactions and business engagements.   

Moreover, 80% of enterprises will adopt a strategy to unify web, cloud services and private applications access from a single vendor’s SSE platform.  

With that in mind and with cyber-attacks projected to rise in 2025, targeting various industries, including Retail, the need for increased cybersecurity measures has never been more urgent.  

Retailers face an increasingly complex threat landscape that demands proactive and comprehensive defence strategies, making it essential to focus on effective solutions. 

Why do you need SOCaaS in the Retail Industry?

SOCaaS offers an effective solution, providing continuous monitoring, advanced threat detection, and expert incident response tailored to the unique needs of the Retail sector.  

By adopting SOCaaS, retailers can enhance their security systems, protect customer data, and ensure operational resilience in the face of increased cyber threats. 

As professionals, this is where we can offer assistance.  

Our cybersecurity services aim to protect organisations against evolving cyber threats and vulnerabilities. We provide various solutions and expertise to protect sensitive data, prevent unauthorised access, and ensure the continuity of critical business operations. 

From discovery and consulting to ramp-up and migration, ongoing delivery, and continuous improvements, our team offers a complete security package, ensuring the enhanced defence of legacy systems and valuable assets and data.  

Discover how our SOCaaS can help your retail operations. Get in touch to learn more and take the first step towards enhanced cybersecurity.