This should scare any online business: A McAfee report found worldwide last year, retailers lost more than $1 trillion in cybercrime. Could it get any worse? Experts say “yes.” They predict cybercrime will continue to grow rapidly in 2021. In fact, Cybersecurity Ventures reports by the end of this year, ransomware will attack a business every 11 seconds.
It’s happening because it pays to breach, hack and steal. Reports estimate the bad guys pocket hundreds of billions of dollars every year. Plus, the risk of the cybercriminals getting caught is low. Finally, experts say the criminals are simply doing a better job than e-commerce of adopting new technology.
Red Maple works with retailers around the world to provides a variety of solutions to help them safely and easily process credit cards and service customers. There are key steps you can take to protect you site and your customers from cyberattacks.