Strong data security in the cloud enables the retail industry to meet e-commerce demand while also achieving the required operational efficiencies.
Accelerated digital transformation in the retail industry has boosted online shopping experience, and many businesses are adopting digital-first models. With cloud technology, retailers are able to track inventories in real-time, analyze data to enhance the customer experience, and quickly scale up and scale down the business depending on demand.
As the cloud size increases, attack surfaces are also expanding. The retail industry, at times, has a requirement to hold customer payment, personal, and card data, which is the most sought-after information for hackers. Attackers can target cloud platforms causing data loss, breaches, supply network disruptions, and so on. This pushes the industry to have robust cloud data security in place.
Various Standards, such as the PCI DSS Standard, also require that critical data can only be accessed by authorized personnel and that systems and processes need to be in place to limit access.
Cloud data security can be achieved through various methods, allowing retailers to maintain control of sensitive data while enhancing the customer experience.
Applications for Retail Data Security in the Cloud
Double Key Encryption
Enables protection of sensitive data by securing encryption keys in the HSM and Azure cloud. Without access to both keys, the relevant data remains securely encrypted.
Multi-Cloud Key Management
A bring-your-own-key strategy (BYOK) allows to securely orchestrate services and data flows across multiple clouds and countries, including customers' local data centers.
General Purpose Hardware Security Modules
Enables key generation, storage, and exchange. Addresses various performance levels and physical security requirements while fulfilling compliance and regulatory mandates.
BYOK and HYOK
Select the key management solution by hosting encryption keys in the cloud provider’s platform or retaining the ownership control of customer-managed encryption keys.
Tokenization
Select the key management solution by hosting encryption keys in the cloud provider’s platform or retaining the ownership control of customer-managed encryption keys.
