Tech-Gofer

Retail

Do Any of These Challenges Sound Familiar?

PCI Compliance

  • Non-compliance with PCI standards could lead to a shutdown of credit card processing by processing banks.
  • Fines levied by payment brands (such as Visa, MasterCard, American Express) range from $5,000 - $100,000.
  • Banks will terminate the merchant relationship, increase transaction fees, or both.

Public Wi-Fi

  • Lack of Wi-Fi deployment for customers.
  • Improper security allows rogue access to company information.
  • Missed opportunities to analyze customer in-store presence.

POS Security

  • Most notable security breaches have occurred through weaknesses in POS security.
  • Many retailers are current on PCI-DSS for PCI compliance. PA-DSS and PCI-DSS provide minimal to no protection in 3 out of 4 critical vulnerabilities: data at rest or data in memory; data in transit; application code; and configuration.

Central IT

  • Many retail organizations do not have a centralized IT support organization.
  • Lack of a uniform strategic plan for IT support causes a loss of valuable production time.
  • Employing IT directors and utilizing local IT consultants to provide support is costly.

Mobile Device Security

  • Employees possess on average 1.75 - 3.5 mobile devices.
  • Mobile devices introduce a large percentage of threat vectors.
  • Companies need to be able to lock down employee devices, in addition to securing their own infrastructure.

Economic Cycles & Demand

  • Consumer spending is significantly affected by outside sources like personal income, job growth and interest rates.
  • During a recession, the retail sector suffers from decreased growth and sales decline.
  • Increased interest rates negatively affect consumers’ ability to make substantial retail investments.

Seasonal Cash Flow

  • Seasonal demand can result in unbalanced cash flow
  • Annual fluctuations such as the holidays can generate a disproportionate share of revenue.
  • Retailers prepare for critical sales periods by building and financing inventory for seasonal merchandise.

Tech-Gofer Vendor Due Diligence

If your organization is looking for SDWAN/SASE solutions as an example, you could do all the research yourself or use tools we’ve already built to compare and identify the right vendors for you – Click Here. We’ve built these for multiple technologies too including Security, UCaaS, Wireless and more!

We Already Know Who Can Help You

Across your entire tech-stack, our Experts have already done the research on what vendors have built solutions specifically for Retail and we’re happy to connect you with them. All you have to do is tell us about your project.

Schedule Discovery Call