It seems like only a matter of time before another significant data breach hits US consumers, and it could happen before the end of the year. Many retailers don't have appropriate infrastructure in place to defend against cyberattacks, and the criminals are adapting their strategies to ensure they are successful. A recent study found 58 percent of retailers are now less secure than they were within the past year, as criminals can easily surpass firewalls and compromise customer data.
As more consumers shop online and head to local stores, it's the perfect storm for criminals to seize bulk debit and credit card data in a single breach. Meanwhile, some experts say the cost of expensive next-generation security solutions to be passed down to consumers, according to the study from BitSight Technologies.
"Bad guys know that this is a big shopping season," said Bob Ackerman, cybersecurity specialist and managing director of Allegis Capital. "Bad guys are on the prowl, they are active, and they know this is a time of year where there is a lot more fish that their net can capture."