Retail businesses are facing a number of cyber threats they are facing. The General Data Protection Regulation (GDPR) is a regional legal framework that took full effect last May 25, 2018. The European Union has decreed all businesses operating in EU-member states must follow strict guidelines when handling and storing the personally identifiable information of customers. Breach of the regulation comes with a hefty finenamely, four percent of the companys annual global income or 20 million, whichever is higher.”]
Source: https://hackercombat.com/5-cyber-threats-retail-businesses-need-to-know/