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With frequent reports of security breaches hitting the press, it's hard to believe that organisations are not making security a part of their end-of-year business strategy. During the fourth quarter, when organisations start to worry about everything else their core business depends on, a blind eye can be turned toward security, leaving the network exposed for hackers to take stock of the goods being housed. Essentially, it can become a holiday for hackers.
The retail and financial service industries take the most heat when it comes to holiday season security. One third of U.S. households now shop online, according to the National Retail Federation. This holiday season is projected to be one of the biggest for online shopping with sales predicted to grow by 20 percent, upwards of US$211 billion.
Ensuring that all consumers can log on to shop is a business imperative. Instead of shoring up security, many companies will be tempted to refrain from performing vulnerability scans and dangerously reduce maintenance windows in an effort to limit any interruptions online. But neglecting this important security process only increases the risk of information and identity theft for consumers and raises the jackpot for cyber thieves.
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