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Digital Transformation In Retail: The Retail Apocalypse

erwin

Much like the hospitality industry , digital transformation in retail has been a huge driver of change. One important fact is getting lost among all of the talk of “the retail apocalypse” and myriad stories about increasingly empty shopping malls: there’s a lot of money to be made in retail.

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JD Sports discloses a data breach impacting 10 million customers

Security Affairs

Sports fashion retail JD Sports discloses a data breach that explosed data of about 10M customers who placed orders between 2018 and 2020. The company notified UK authorities and hired external cybersecurity experts to investigate the security incident. According to the company, account passwords were compromised.

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FBI warns of crooks targeting online shoppers during the holiday season

Security Affairs

“During the 2020 holiday shopping season, the FBI Internet Crime Complaint Center (IC3) received over 17,000 complaints regarding the non-delivery of goods, resulting in losses over $53 million,” reads a public service announcement published by the FBI. Untrusted websites and ads promoting unrealistic discounts and bargains.

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AI in commerce: Essential use cases for B2B and B2C

IBM Big Data Hub

Four AI in commerce use cases are already transforming the customer journey: modernization and business model expansion; dynamic product experience management (PXM); order intelligence; and payments and security. This includes trust in the data, the security, the brand and the people behind the AI.

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50 Ways to Avoid Getting Scammed on Black Friday

Adam Levin

Mobile payment platforms, like Apple Pay and Google Pay, use advanced technology, like fingerprint authentication and tokenization (in which credit card account numbers are replaced by randomly generated numbers) to provide brick-and-mortar shoppers with an added layer of security. Browse online using secure networks. Do your research.

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Catches of the Month: Phishing Scams for July 2022

IT Governance

The organisation’s head of security, Cory Hardman, said that the breach occurred when an employee at a third-party email delivery vendor downloaded the details of OpenSea users and newsletter subscribers. Although many people are enticed into NFTs because the market is unregulated, that also creates major security risks.

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The most valuable AI use cases for business

IBM Big Data Hub

Promote cross- and up-selling Recommendation engines use consumer behavior data and AI algorithms to help discover data trends to be used in the development of more effective up-selling and cross-selling strategies, resulting in more useful add-on recommendations for customers during checkout for online retailers.