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The bright side of data privacy compliance: 5 value-driven opportunities for retailers

Thales Cloud Protection & Licensing

The bright side of data privacy compliance: 5 value-driven opportunities for retailers madhav Thu, 08/31/2023 - 05:20 Failing to keep up with data privacy legislations, such as General Data Protection Regulation (GDPR) or the California Consumer Privacy Act (CCPA) can harm a brand’s bottom-line and public reputation.

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Data privacy examples

IBM Big Data Hub

An online retailer always gets users’ explicit consent before sharing customer data with its partners. A navigation app anonymizes activity data before analyzing it for travel trends. One cannot overstate the importance of data privacy for businesses today.

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Retail Privacy Network

Data Matters

You are invited to join privacy professionals in the retail sector for topical conversation, learning and networking at the first Retail Privacy Network meeting. This interactive meeting will include hot topics in UK/EU data privacy and cybersecurity with practical case studies on retail industry issues.

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The Week in Cyber Security and Data Privacy: 5 – 11 February 2024

IT Governance

GB City of Clemson, South Carolina Source New Public USA Yes 21,056 DGX-Dependable Hawaiian Express Source New Professional services USA Yes 20 GB Verdimed Source New Agricultural Spain Yes 19 GB Watchmax Source New Retail UK Yes 15,000 Del-Tron Precision Source New Manufacturing India Yes 8.9 GB Signature Performance, Inc.

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Recent Risk Alerts by SEC OCIE Highlight Privacy and Cybersecurity Issues in Examinations

Data Matters

The SEC’s Office of Compliance Inspections and Examinations (OCIE) released two Risk Alerts, on April 16, 2019 and May 23, 2019, highlighting the importance of privacy and cybersecurity compliance for SEC-registered investment advisors and broker-dealers under Regulation S-P.

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Key Developments in IoT Security

Thales Cloud Protection & Licensing

Ellen has extensive experience in cybersecurity, and specifically, the understanding of IoT risk. There are also data privacy implications with IoT. In the absence of good security, two obvious privacy violations include spoofing the identity of a registered user, or even spoofing the device identity itself.

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UK ICO Issues Unprecedented Fine Against Mobile Phone Retailer for Lax Security

Hunton Privacy

On January 8, 2017, the UK Information Commissioner (“ICO”) issued an unprecedented monetary penalty of £400,000 against British mobile phone retailer, The Car Phone Warehouse Limited.

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