As the digitisation of fashion businesses reaches new heights, companies face more threats of cyber attacks and growing risks relating to improper data handling. Amid increased sophistication in cyber crime and rises in consumer and regulatory pressure, brands need to act urgently to shore up their defences and invest more to make digital security a strategic imperative.

A record number of cyberattacks took place worldwide in 2020, causing significant data losses across all industries.

Investment in cyber security and data handling has ramped up, reflecting the risk perceived by fashion executives.