In today’s fast growing globalized market, retailers face numerous challenges that affect IT security and risk management, including:

• Some retailers may be affected by compliance requirements, regulations, and standards as the Fair and Accurate Credit Transactions Act (FACTA) and the Payment Card Industry Standard (PCI DSS).
• Hackers are a constant treat to any business with an online presence. Websites defacements, denial of services, credit card and identity theft are just a few of the attacks that retailers are exposed to every day.
• If a security breach is taking place or has occurred, government agencies need to have a plan to quickly respond to the incident. In such situations, it is also necessary to ensure digital evidence is identified, preserved, and analyzed so that can be successfully presented in court.
• Retailers serve clients in various geographical locations, requiring businesses to tailor products and services to local needs, cultures and laws. This requires office locations to share sensitive data with other corporate offices, partners and service providers.
• Retailers need also to keep in step with technology advancements while maintaining a secure state of the organization’s assets and information systems.

To address these challenges, the company needs to include security controls to its infrastructure to ensure the confidentiality, integrity and availability of the company’s information and communications.

How ERM can Help:

Assistance from specialists like ERM ease the burden of both interpreting requirements, keeping abreast of changing regulations, and fulfilling industry and federal demands.