Darktrace Comments On Cyber Threats Lurking ahead Of Black Friday/Cyber Monday

As we near Black Friday and Cyber Monday, widely recognized as one of the busiest shopping weekends of the year, consumers and businesses alike are prepping for the inevitable influx of online shopping brought forth by the past year of increased remote work and social distancing. The need for online operations to run smoothly is greater and so is the need for organizational data to stay secure from cyber threat.

David Masson, Director of Enterprise Security, Darktrace had this to say:

We are now battling attackers that understand their victims’ business models extremely well – using this knowledge to hit where, and when, it hurts the most. Black Friday is typically a busy and important day for retail, but now with increased pressure on online shopping, hackers are preparing attacks to profit from this and take advantage.

Hackers are using ransomware to not just disrupt the cyber realm, but also to grind organizations to a halt and interrupt critical business processes – we can expect many more of these types of attacks to hit the retail sector at the tail end of this year. At Darktrace, we’ve seen the rising trend in ransomware firsthand, and our AI has already stopped several attempted ransomware attacks across the retail sector in the past month alone. 

As the retail sector braces itself for an online shopping season like never before, with a more stretched out timeframe than just one day of deals and savings for their customers, companies must proceed with caution. Increasing their cyber defenses are critical for benefiting from strong sales and keeping their businesses operational. Artificial intelligence is already a crucial ally for the retail sector across Canada – the technology is always on, it doesn’t take breaks and it augments human defenders at a time that will make or break many retailers.

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