Retail
The retail and e-commerce industry continues to rely on cybersecurity and IT compliance to protect their customers' sensitive data, maintain trust, and avoid costly data breaches. Retail and e-commerce sites are adhering to IT compliance frameworks such as GDPR, CCPA, and PCI DSS to ensure the protection of sensitive data and meet regulatory requirements.
e-Commerce Providers
Many e-Commerce providers perform cybersecurity and IT compliance audits. When selling products or services online, choosing the right e-commerce shopping cart software is a critical decision. When a customer checks out, the shopping cart software calculates order total, shipping and handling costs, and any taxes that may be levied. Since so many calculations are built into the software code, it is critical the e-commerce provider has appropriate controls around system development and change management. If the shopping cart calculates totals improperly, it can have a direct impact on the financial success of the online retailer. Implementing a robust compliance program is critical to gaining the trust and loyalty of your customers.
Electronic Payment Systems
Many companies which provide electronic payment systems undergo cybersecurity and IT compliance audits. Electronic payment systems often involve the use of electronic money that is stored digitally. When managing electronic payment systems, maintaining customer trust is a critical aspect to the business. Implementing a robust compliance program is critical when maintaining an electronic money system.
Strengthening Cybersecurity for Retail
Increasingly, e-commerce retailers and electronic payment system providers are asked to implement and maintain a compliance program that demonstrates their commitment to a strong system of internal controls. Control frameworks (such as SOC 1, SOC 2, ISO 27001, etc.) are widely accepted and help online retailers differentiate themselves from their competitors by demonstrating their commitment to maintaining a strong IT compliance program.
When it comes to finding a cybersecurity firm to protect your business assets, trust CyberGuard Advantage!
Trust CyberGuard Advantage
IT compliance and cybersecurity concerns are at the forefront of today’s complex business world. CyberGuard Advantage has the skilled professionals to help you make the right decisions at the right time. Reach out to us today.