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The Digital Business Kit for Retailers


Learning Outcomes

Retailers will gain an understanding of the different online Security and privacy risks and opportunities to address these. [printfriendly]

mod-arrow Benefits

What are the 4 main motivations for retailers to adopt security practices?

 

  1. Protection of operational systems (For example, protect your system from a shutdown): A virus is capable of disrupting business systems by erasing data, freezing or breaking systems. This business interruption can cost daily revenues, replacement costs, repair expenses and can even lead to business failure.
  2. Keeping property safe from theft (For example, data theft): A security breach can result in data being stolen. This can be devastating for retailers whether it is customer data, intellectual property or other valuable information.
  3. Financial protection (For example, from monetary theft): An e-commerce breach can redirect shopping carts and credit card information to a malicious third party. Retailers may be responsible for the repayment of funds, and insurance coverage will vary based on the business ability to prove diligence and other factors.
  4. Saving your company from a negative perception: Retailers that are compromised generally experience a loss of customers.