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WWT Talks Retail and Security with Retail Technology Review and 7w Data

WWT emphasizes the costs associated with cybersecurity and that retailers should focus on working smarter to defend themselves and their customers' data.

February 22, 2017

Posted on Feb. 21, 2017 by Retail Technology Review:

Global systems integrator World Wide Technology (WWT) emphasises that the costs associated with cybersecurity will continue to rise unless retailers focus on working smarter rather than harder to defend themselves and their customers' data.

Fear prompted by prominent attacks has pushed up cyber insurance premiums and investment in cyber defence tools, but retailers based in the UK and Europe will also have to contend with the impact of the upcoming GDPR on their security measures. Strict notification requirements to be introduced by the GDPR in 2018 come alongside the potential for fines of up to four percent of global turnover.

"Tools that can help to detect breaches and predict areas of weakness are more important than ever," said Ben Boswell, UK & Ireland Director at WWT. "One of the side effects of the IoT boom is that businesses simply won't be able to achieve complete security if they're not investing in smart technologies."

View the full article.

Posted on Feb. 21, 2017 by 7wData:

It is estimated that the number of IoT devices will rise 15% to hit 20 billion in 2017.
According to the report, the industrial sector – led by building automation, industrial automation and lighting – will account for nearly one half of new connected devices between 2015 and 2025.

Global systems integrator World Wide Technology (WWT) emphasises that the costs associated with cyber security will continue to rise unless firms focus on working smarter rather than harder to defend themselves.

Fear prompted by prominent attacks has pushed up cyber insurance premiums and investment in cyber defence tools, but companies based in the UK and Europe will also have to contend with the impact of the upcoming GDPR on their security measures.

Strict notification requirements to be introduced by the GDPR in 2018 come alongside the potential for fines of up to 4% of global turnover.

“Tools that can help to detect breaches and predict areas of weakness are more important than ever,” said Ben Boswell, UK & Ireland director at WWT. “One of the side effects of the IoT boom is that companies simply won’t be able to achieve complete security if they’re not investing in smart technologies.”

View the full article.

Read full article here