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6 ecommerce trends to watch

IBM Big Data Hub

Social commerce, a form of ecommerce in which a social media platform serves as both a marketing channel and a shopping destination, is expected to grow by more than 50% between 2021 and 2025. Some forecasts suggest online retail might be responsible for half of all retail revenues by next year.

Retail 89
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FCA sets out plans to make Big Tech a priority and provides update on its approach to AI

Data Protection Report

In FS24/1, the FCA explains that it aims to mitigate the risk of competition in retail financial markets evolving in a way that results in some Big Tech firms gaining market power while enabling the potential competition benefits (from Big Tech entry and expansion). The FCA also sets out its next steps.

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News Alert: Jscrambler launches free tool for new PCI DSS anti-skimming requirements

The Last Watchdog

Although the new requirements in PCI DSS are not mandatory until April 2025, they are indicated as “best practices” until this date. requirements by early 2025, it is imperative that they take action now to identify where any gaps in their security defenses are and take proactive steps to mitigate them. and 11.6.1 of PCI DSS v4.0.

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Texas enacts comprehensive privacy law

Data Protection Report

On June 13, 2023, the Texas Governor signed HB4 , making Texas the tenth state to have a comprehensive privacy law, joining California, Colorado, Connecticut, Montana, Virginia, and Utah (all in effect or going into effect in 2023), Montana and Tennessee (which, like Texas, go into effect in 2024), Iowa (effective 2025) and Indiana (effective 2026).

Privacy 84
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How IBM and AWS are partnering to deliver the promise of AI for business

IBM Big Data Hub

The global AI market is projected to grow to USD 190 billion by 2025, increasing at a compound annual growth rate (CAGR) of 36.62% from 2022, according to Markets and Markets. One of the largest children clothing retailer in the US utilizes this solution to streamline its complex supply chain.

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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

trillion by 2025, a 300% increase since 2015 1. London, July 13, 2023 — Beazley, the leading specialist insurer, today published its latest Risk & Resilience report: Spotlight on: Cyber & Technology Risks 2023. Yet, boardroom focus on cyber risk appears to be diminishing. Best and A+ by Fitch.

Risk 189
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Risk Management under the DORA Regulation

IT Governance

In fact, in 2020–2022, the financial sector was the second-most attacked sector, topped only by the retail and manufacturing sector. DORA doesn’t apply until 17 January 2025, so organisations have time before needing to be fully compliant. Note 2: The percentages in brackets indicate the % change compared to the previous year.

Risk 104