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International

UK retail industry loses $125 million to cyber attacks

February 07, 2017 Reprints

A survey of the U.K. retail industry by the British Retail Consortium has found that more than 50% of fraud in the sector are cyber-enabled and amounted to around £100 million ($125 million) in losses, SC Magazine UK reports. Cyber-related incidents against retailers that saw the highest increase were phishing (50%) and denial of service attacks (33%).

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UK retail industry loses $125 million to cyber attacks

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