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Recent U.S. survey reveals a lesser percentage of leading retailers have invested in Internet security measures in 2008 — as compared to last year — due to confidence in protective systems already in place. According to accounting and consulting firm, BDO Seidman, "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."

The survey, which examined the opinions of 100 chief financial officers at leading retailers located throughout the United States, also reports that nearly half (47%) of retailers report that they do not maintain customer credit card information. Of those who do keep credit card information, 61% conduct periodic reviews of inactive accounts in order to remove inactive card holder data. Most of the retailers (96%) who do review inactive accounts do so annually.

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Related topics: Security