As technology transforms existing business models and gives rise to new ones, Retail and Consumer companies harness emerging technologies and scientific breakthroughs to spur innovation in order to seamlessly connect with customers, boost operational efficiencies and facilitate collaboration. However, many Retail companies have adopted these technologies -including cloud computing, mobility, BYOD, and social media – before taking the necessary precautions to protect themselves.
Because they often house sensitive data such as customer credit card numbers, social security numbers, PINs and other personally identifiable information (PII), retailers of all sizes attract malicious attackers who strive to hack into their computer networks and steal credit card data and other customer information.