Retail Merchandiser Volume 63, Issue 2 Volume 63, Issue 2 | Page 30

Six key challenges

Retail technologists need a new approach to overcome growing application security challenges

By James Harvey Across the retail industry , there is a growing sense of unease that organizations are becoming less secure and more vulnerable to emerging cybercrime threats .

The shift to cloud native applications and architecture over the past two years has led to a significant expansion in cyberattack surfaces ; and at the same time the sophistication and scale of threats has risen .
In the latest research from Cisco AppDynamics , The shift to a security approach for the full application stack , 82 percent of technologists in the retail industry express concern that their organization is vulnerable to a multi-staged security attack that would affect the full application stack in the next 12 months .
Arguably more than any other sector , the speed of digital transformation within retail over the last three years has been phenomenal . Technologists have leant on low-code and no-code platforms to dramatically accelerate release velocity and build more dynamic applications .
But , perhaps unsurprisingly , security has largely failed to keep pace . As many as 92 percent of retail technologists admit that the rush to rapidly innovate and respond to the changing needs of customers and users during the pandemic has come at the expense of robust application security during software development .
The potential consequences of this situation are severe ; any compromise in application security can result in slow
30