Data Security
June 26, 2020 at 2:03 pm
Data privacy is top of mind for retailer information security, compliance and risk management officers. And for good reason. Data breaches and compliance violations can tarnish a retailer’s reputation and lead to steep regulatory fines and costly lawsuits. Target, for example, spent over $200 million on legal fees related to its headline-grabbing 2013 data breach.…
June 22, 2020 at 7:01 pm
The cybercrime economy is estimated to be worth $1.5 trillion annually, with the number of new security threats soaring at an alarming rate. According to one report, 7.9 billion records were exposed in the first nine months of 2019. This compounds the burden on already stretched IT teams, who are tasked with tackling the daily…
June 18, 2020 at 7:50 pm
At a time when retailers could do without more stress, the California Consumer Privacy Act (CCPA) compliance deadline of July 1 is fast approaching. Up until now, many retailers have put off CCPA compliance. COVID-19 and our remote workforces have made meeting the looming compliance deadline even more challenging. Working through the intricacies of CCPA…
June 16, 2020 at 4:39 pm
Accessories retailer Claire's experienced a data breach on its e-commerce site beginning in April that compromised customer payment information, reports Bleeping Computer. The company discovered the MageCart attack on Friday, June 12 after it was revealed in a new report by cybersecurity firm Sansec. The attack consisted of hackers injecting malicious JavaScript scripts into various sections of…
June 15, 2020 at 7:11 pm
Data privacy remains a hot issue for the retail sector, with more than 70 percent of shoppers in the U.S. worried about how companies use and collect their personal data. After massive data breaches at some of the nation’s largest retailers, today’s retail companies are being held to a higher standard of compliance than ever…
June 9, 2020 at 4:27 pm
Overall, e-commerce sales were up 25 percent by the middle of March compared with the start of the month — and they show no sign of slowing down while people navigate the new normal of shopping. That's the good news. The bad news? An increased number of online sales comes with an even greater number of…
May 19, 2020 at 12:19 pm
It’s no secret that retail has been in the midst of a massive digital transformation over the past few years, largely driven by emerging software and technology, as shoppers seek out new experiences, increased level of conveniences, and exciting loyalty-based perks and rewards. And due to current circumstances surrounding COVID-19, this has been amplified even…
April 29, 2020 at 4:13 pm
As the COVID-19 outbreak continues to threaten the world economy, it has also led to some significant threats relating to cybersecurity in the retail industry. But why retail? The answer is simple. The retail industry is the hotbed for customers' personally identifiable information (PII), and is also linked to their payment data needed to complete…
March 17, 2020 at 2:49 pm
In today’s age of digital transformation, retailers have changed the ways in which they interact and engage with consumers — starting with online shopping and e-commerce experience. In order for retail organizations to remain competitive, an omnichannel experience is critical, and with that, retail organizations are relying heavily on websites, mobile apps, online marketplaces, and…
March 13, 2020 at 3:39 pm
These days it seems possible to outsource just about everything imaginable. No time to run errands? Can’t find a good dentist? Want your dog to get more exercise? You can easily outsource all those things. But what about the security of your company’s IT functions and resources? Is it a good idea to outsource those?…
