Consumers and retailers both took a beating in 2014, with a number of significant data breaches hitting millions of victims. A recent survey found that consumers are uneasy when shopping online, along with some customers avoiding retailers because of data breach concerns. Sixty-two percent of consumers are worried about online shopping, while 23 percent said they are making less online purchases, according to information from the International Data Group and NCC Group.
Even more frightening, more shoppers expect to be victimized, with 64 percent believing they will be compromised in a data breach at least once in the next year.
"The data suggests that this could continue," said Stephen Boyer, BitSight CTO. "It's going to take some time for retailers to right this ship. If everybody had cleaned up we would see very different results. I hope that we don't see another Target-like breach this year, but when we look at the sector we see that they are actually worse off."