2014 was a rude wakeup call for retailers: In January, Target announced an additional 70 million individuals’ contact information was taken during the December 2013 breach. In September, Home Depot announced that cyber criminals had compromised the credit card information of roughly 56 million shoppers.
Neiman Marcus, Kmart, AT&T, Michaels and eBay all suffered cyber attacks this year that compromised the personal information of millions. Flagging consumer confidence was not helped by....