Two in five retailers across the globe have experienced a data breach in the past year, according to Thales and 451 Research. The report reveals that 43 percent of retailers had experienced a data breach in the last year, with a third claiming more than one.

With 60% claiming that they had been breached in the past, it’s perhaps unsurprising to learn that 88% of retailers consider themselves to be ‘vulnerable’ to data threats, with 37% stating they are ‘very’ or ‘extremely’ vulnerable. As a result, three quarters of retailers expect their spending on IT security to increase.