The retail sector needs a cybersecurity talent incubator

Retail giants have a target on their backs. Hackers are picking them apart at a rate rarely seen in other industries.

Louis Vuitton and Dior are part of a growing number of household names affected. Their breaches alone may have cost them upwards of $25 million. Moreover, Google has warned that the hacker group that cost British retailer M&S $400 million in a data breach is headed stateside.  

For as long as the retail sector remains reactive, rather than proactive, the target on its back will grow. Trust in retailers will continue to shrink. Customers will remain exposed. And every breach poses a significant legal, and in turn financial, risk to the retailer in question. 

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