Two in five retailers around the world have had a data breach in the last year – and most consider themselves to be vulnerable to such threats in the future, according to a new study.

In all, 43% of retailers said they had experienced a breach over the preceding 12 months, while 60% of retailers said they have been breached in the past, and 88% say they are at risk for the future, including 37% that say they are ‘very’ or ‘extremely’ vulnerable, according to the 2017 Thales Data Threat Report, Retail Edition, published this week.

Information systems, cybersecurity and data security specialist Thales, which worked with analysts from 451 Research, also said that 73% of retailers planned to increase their spending on IT security in response. This, it says, will come still further to the fore as regulations increase. That includes the arrival, next year, of the European Union GDPR regulations, with measures that will give consumers more control over their data and are set to raise awareness of data privacy and sovereignty issues.

The report found that…