Mitigating Cyber Threats in the Retail Industry: A Blockchain-Based Approach for Secure Transactions and Data Privacy

The retail industry has become an increasingly attractive target for cyber threats due to its extensive use of digital transactions and sensitive customer data. The rise in cyber fraud, identity theft, and payment breaches necessitates innovative security solutions. This paper explores blockchain technology as a robust approach to mitigating cyber threats in the retail sector. By leveraging decentralization, immutability, and cryptographic security, blockchain ensures secure transactions and enhanced data privacy. This study discusses various applications of blockchain in retail cybersecurity, highlights key challenges, and proposes solutions for seamless adoption.