How Retailers Can Protect Themselves From Cyber Attacks

The e-commerce industry is booming, generating $231 billion in sales for U.S. retailers last year and is expected to increase 13 percent to $262 billion this year, according to Forrester Research. The growth of e-commerce, which already accounts for about 8 percent of total retail sales in the U.S., is expected to outpace sales growth at brick-and-mortar stores over the next five years, reaching $370 billion in sales by 2017. Retailers are investing in e-commerce strategies and user-friendly, attractive websites to help meet consumer needs and stay competitive. To deal with the demands of contactless payments, in-store point-of-sale (POS) systems are being upgraded to speed up the payment process.