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.