Bitsight Technologies, the standard in Security Ratings, today released new research measuring the security performance of 300 major U.S. retailers from Nov. 1, 2013 to Nov. 1, 2014. The report reveals that retail is still under attack and consequently the security effectiveness of retail organizations as a whole has continued to decline over the past year. However, almost 75 percent of retailers that experienced a data breach in the last year have improved their security effectiveness since the point of their breach, while a third of the breached retailers link back to compromises via third-party vendors.
“While it’s encouraging that a majority of the breached retailers have improved their security effectiveness, there is more work to be done, especially in the area of vendor risk management,” said Stephen Boyer, co-founder and CTO of Bitsight. “This trend in retail highlights the importance of proactive measures such as industry and peer benchmarking, as well as continuous monitoring of one’s supp