Last year, widely publicized customer data breaches, as well as food and toy safety issues related to Chinese suppliers, heightened risk management concerns for the retail industry. This year, according to the annual study performed by BDO Seidman, LLP, one of the nation’s leading accounting and consulting organizations, 44 percent of chief financial officers (CFOs) at leading U.S. retailers stated that they have increased their level of investment in cyber security to combat potential data breaches, down from 61 percent in 2007, indicating a growing comfort with the protective systems in place.
