Retail
ZenGRC provides retailers of all sizes a cost-effective, unified system to manage controls across multiple frameworks and enable CISOs to monitor key performance indicators for compliance and IT security efforts.
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The Regulatory Burden
E-commerce has made barriers to entering the retail sector low, so retailers must compete by knowing their customers and offering the right good, at the right time, at the right price. That requires data. The more you collect, the more you can analyze and the better you can compete.
At the same time, retailers also want to grow quickly across multiple regions and countries, with a low-skill workforce subject to high turnover. So they need IT systems with low investment costs that can scale rapidly and offer easy-to-use, flexible applications.
Security and compliance risks around the collection of data have never been higher. Consider some of the data a retailer is likely to collect:
- Name
- Credit card
- Address
- Age
- Nationality
- Purchasing history
The above are just for point-of-sale transactions with major credit cards. If the retailer runs its own credit card program or conducts e-commerce, it will collect customers’ credit histories, user IDs and passwords and more.
All of that data is subject to protection from multiple laws, that can reach across various jurisdictions. U.S. retailers, for example, strive to demonstrate compliance with the PCI DSS framework to protect credit card data. A business that collects data about European Union citizens will need to confront the EU’s General Data Protection Regulation.
Compliance Objectives
The new PCI DSS 3.2 standard that has already gone into effect will push companies to demonstrate ongoing compliance with security standards, not merely to pass annual assessments every 12 months.
Retailers can work with multiple frameworks, PCI DSS included, to achieve those objectives. Tracking risk assessments, gap analyses and remediation efforts across multiple frameworks, however, can be daunting.
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Assess vulnerabilities in the network and application layers.
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Analyze data collection for non-compliant behaviors.
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Remediate any weaknesses.
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Map progress on those remediation efforts.
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Report risk assessments and remediations.
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Integrate new threat alerts or updated regulations into your compliance program.
Ebooks
Guides
Preparing for a SOX Audit Using COSO: Internal Controls and Security at the Heart of SOX
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Webinars
Top Initiatives for Infosec Teams to Consider in Implementing Business Continuity & Resiliency
Watch WebinarVendor Risk Management: What your organization can and cannot do under the GDPR
Watch WebinarMake your audit & compliance programs shine – technology solutions that help you
Watch WebinarHow GRC planning protects your company’s brand against the next cyberattack
Watch WebinarBlazing the Trail: Develop a Compliance and Risk Management Plan in 6 Weeks
Watch Webinar5 Questions That Best Reveal The State Of Your Risk And Compliance Program
Watch WebinarHow to prepare for the California Consumer Privacy Act without driving yourself crazy
Watch Webinar
Articles
The Difference Between Vulnerability Assessment and Vulnerability Management
Read ArticleCCPA Exemptions: The California Consumer Privacy Act and the Gramm-Leach-Bliley Act
Read ArticleHow Big Data Analysis Helps Compliance & Business Leaders Make Better Decisions
Read ArticleCompliance Offers Internal Stakeholder Value: Automation as Transmogrifier
Read ArticleRisk Management Automation and Customer Engagement: Rupees in the Grass
Read Article7 Challenges of Being an IT Compliance Manager: Automation Makes You an American Ninja Warrior
Read ArticleCybersecurity Awareness Training Game to Celebrate Cybersecurity Awareness Month
Read ArticleProtecting Your Corporate Website as an Enterprise Risk Management Strategy
Read ArticleCloud Security Compliance: 11 Steps on the Stairway to Cloud Services Heaven
Read ArticleLegal Liability in Information Security: How Compliance Can Be Used to Protect Assets
Read ArticleWebinar Recording Now Available – 6 Time Saving Steps to Simplify Your GRC Strategy
Read ArticleHow to Conduct a Compliance Self-Assessment – an Excerpt from our GRC Software Buyers’ Guide
Read ArticleWhen to Implement a GRC Tool? – An Excerpt from Reciprocity’s GRC Software Buyer’s Guide
Read ArticleSmarter Compliance, Less Risk – an Excerpt from Reciprocity’s GRC Software Buyer’s Guide
Read ArticleWhat is GRC – an Excerpt from Reciprocity’s GRC Software Buyer’s Guide
Read ArticleZenGRC v2.4 Release Features New Audit and Evidence Request Dashboards, and More
Read Article“Competent Compliance” Webinar Recording Now Available, Learn How to Move Beyond Spreadsheets
Read ArticleJoin Our Live Webinar – Competent Compliance: 3 Ways to Move Beyond Spreadsheets
Read ArticleZenGRC v2.2 Release Features New System of Record Dashboard, Tree View Updates
Read ArticleMay News Round-Up: The Latest PCI Data Security Standard Update, and New Info on Data Breaches
Read ArticleZenGRC v2.1 Release Features Improved Audit Capabilities, Simplified Customer Support
Read ArticleHow to Tell if it is Time to Start a Compliance Program [Infographic]
Read ArticleA Perfect Nightmare: Compliance and Record Keeping Disaster Waiting to Happen
Read ArticleChanges Are Coming For The Trust Services Principles And Criteria – Are You Ready?
Read ArticleSelecting the Right Service Organization Control Report for Outsourced Operations
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FAQs
Infographics
Retail related Use Cases
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