Retailers are a lucrative target for today’s attackers. They are rich in credit card information, private customer data, and non-security-informed users. Add to that rapidly proliferating APIs, lengthening global supply chains, and booming digital availability and you begin to see what hackers find so appealing. Thankfully, compliance standards like PCI DSS and GDPR reduce resulting risk, but the retail industry still requires a comprehensive security approach to adhere to these guidelines and fend off ever-growing attacks.

Person holding their phone and a credit card

Benefits of Cybersecurity in Retail Organizations

Best-of-breed cybersecurity in consumer goods is essential, and any consumer goods operation that wants to last the next five years – or even one – needs to have a solid retail cybersecurity strategy in place. While the ultimate benefit is survival, some additional benefits include:

Compliance

Comply with PCI-DSS, SOX, and regional requirements like GDPR, CCPA, and more.

High Availability

Maintain maximum uptime to boost customer satisfaction, productivity, and profits.

Visibility

Know what to protect, where it resides, and how to keep personal data, merchandising plans, vendor contracts, and business processes safe.

Breach Prevention

Avoid a breach to protect your customer information, brand, and bottom-line.

Know the Risks

See what’s coming. Analyze millions of system, user, and data events with big data cloud services architecture and innovative UI.

Compliance Regulations for Retail

Cybersecurity in the consumer sector comprises the following compliance obligations for retailers:

PCI DSS

Ensures the security of payment card data. All credit card transactions and their pursuant information must be properly secured, even when sent electronically by batch file transfer.

SOX

Governs financial reporting for publicly traded companies. Written internal guidelines must be in place documenting the secure transfer methods of transmitted data.

FEDERAL TRADE COMMISSIONS (FTC) REQUIREMENTS

Regulates nearly every area of commerce, including pricing, advertising, and consumer privacy protection. Any inventory control or price monitoring data must be secured when transferred to the FTC.