There is a lot of valuable data to protect when working in the retail industry. Between different businesses with online or physical storefronts and corporate offices, the retail industry ranks as the top employer in the U.S. It supports over 52 million American jobs and is made up of 4.2 million establishments.
Post COVID, retail presence and profitability is on the decline. Retailers face growing supply chain issues and staffing challenges and an increase in cybersecurity risks. In total, the U.S. has faced 11 billion dollars of credit card fraud loss per year; 33% percent of U.S. retailers were victims of credential theft per year.
Since threats have only increased in the wake of the pandemic, it’s never been more important for retailers to modernize their security. Zero trust helps retailers support compliance mandates, defend against fraud, prevent credential compromises, and secure remote access. Duo supports a strong zero trust strategy with must-have, robust security that meets compliance and frustrates hackers, not users.