The 2024 Trustwave Retail Risk Radar Report shows retail faces rising cyber risks from e-commerce expansion, diverse payment systems, and third-party dependencies. Phishing accounted for 58% of initial access, brute force for 92% of credential attacks, and ransomware was dominated by Play and LockBit. Food and beverage retailers were the top ransomware targets at 16%. Fraud, including gift card scams, fake online stores, and social media hijacking, is escalating, with UK retailers losing $14.3B in 2023. PCI DSS 4.0 compliance changes in 2025 add further pressure. Seasonal shopping surges, franchise inconsistencies, and physical POS risks amplify exposure, making layered defenses, monitoring, MFA, and strong vendor oversight essential.

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