For the first time in the 2016 BDO Retail RiskFactor Report's history, risks associated with data privacy and security breaches were cited by all retailers.
Retailers have grown accustomed to headlines around massive cyber incidents, and are fully aware of their burdensome financial and reputational repercussions, the report said. This year’s finding that all retailers cite cybersecurity as a potential risk to their business reflects a notable shift from the 55 percent in 2011 and 26 percent in 2007 that flagged potential cyber issues.