It’s no secret that the importance of data in the retail industry has grown considerably with the rise of global e-commerce and mobile commerce. Therefore, retailers are heavily impacted by international data privacy regulations.
Retail is a fast-moving industry which is constantly evolving, with new technology and processes being implemented in a bid to stand out in competitive and crowded marketplace.
With this comes the challenge to ensure data protection, privacy and security processes are not only keeping up, but are instilled from the point of innovation to ensure full compliance with international data privacy regulations.
The sheer amount of data many retailers process puts them at risk for falling foul to regulations and retailers are often targets of cybercrime due to holding banking details of their customers.
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