Data Security
Now more than ever, cybersecurity is a crucial form of protection for businesses across industries working to combat a variety of threats. It's easy for organizations and individuals to grow complacent about security, but implementing measures to protect the data of customers, partners and your own business is a key step in mitigating cyber risks,โฆ
For many retailers, working with third-party vendors is part and parcel of doing business, offering financial benefits and operational flexibility. However, as companies take increasing care to protect themselves against cyberattacks, their vendors often donโt face nearly as much scrutiny. Third parties, which vary in their ability to safeguard against bad actors, may simply notโฆ
A lawsuit against Amazon.com-owned Zappos will continue after the U.S. Supreme Court rejected an appeal from the online shoe retailer in a seven-year-old data breach case. In the wake of a 2012 data breach that exposed the names, addresses, phone numbers and more of 24 million customers, Zappos faced several lawsuits from customers. Zappos argued unsuccessfullyโฆ
More and more companies, particularly retailers, are using chatbots to connect quickly with customers, enabling them to handle basic service needs faster and more efficiently. While many businesses and consumers have embraced chatbots and automated features in order to make service inquiries and share personal information, the relationship between customers, chatbots and brands still needsโฆ
E-commerce is booming, but so is card-not-present (CNP) fraud. In fact, CNP fraud is growing at 14 percent per year because fraudsters have become more sophisticated about leveraging all the stolen data thatโs out there. While this isnโt great news for online merchants, knowledge is power. Here are five fraud trends every e-commerce seller needsโฆ
As retail companies advance new strategies to reach customers, they must also advance cybersecurity. Complying with the PCI Data Security Standard alone is not enough. Compliance didn't prevent major retailers from suffering breaches in 2018. Bypassing PCI-mandated controls, attackers exploited weaknesses in point-of-sale systems, created โbackdoorโ access through third-party partners, used stolen credentials to hackโฆ
The retail industryโs reputation for providing software security has taken some hits over the years. The top 15 data breaches of the current century include Target in 2013, with account information on an estimated 110 million customers compromised; TJX in 2006, with 94 million credit cards exposed; and Home Depot in September 2014, with aboutโฆ
As online criminal activity continues to spike, consumer trust will continue to fade if proper security measures arenโt put in place.
Retail needs to stay ahead of the evolving threats and make cybersecurity a priority to secure both their company and customersโ data.
With todayโs digitization across nearly every industry, consumers are expecting more and more when it comes to their shopping experience. Theyโre looking for personalized experiences, quick customer service, and a seamless transition between in-store and online. The upcoming year will push the envelope as retailers are looking to deliver on these expectations by making brick-and-mortarโฆ