Retail

Brand impact from a lack of data privacy and consumer data breaches can have a considerable financial impact to retailers. A survey published on CNBC highlights that half of hacked companies struggle to attract new customers. A retailer faces a cost equivalent of giving 2 months worth of groceries at zero profit to a customer considering a $10 of customer acquisition cost. Similarly, Quick Service Restaurants spend 10 – 25% of revenue to acquire new customers.

Regulations/Standards/Guidelines (Examples)

PCI

US COPRA

US CDPA

HIPAA

Grocery Store Worker

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