Report: Some Retail Firms Still Don't Recognize Cyber Security Risks

Nearly 60 percent of retail companies describe their cyber security exposure as "significant," "serious," or "critical," but another 9 percent are not reporting any cyber security exposure at all, according to a report published Wednesday.

According to a study of filings with the Securities and Exchange Commission conducted by risk advisor and insurance broker Willis Group Holdings, almost a tenth of retailers have not reported any cyber risk in financial documents filed with the SEC, which has required such reporting since Oct. 2011. The report describes the non-disclosure as "surprising," given the high-profile breaches recently discovered at retail chains such as Target, Michaels, and Neiman-Marcus. Read the Full Story on Dark Reading…