I'm thinking about opening an online shop, what do I need to do to protect my business?

There is a significant investment in trading online so it’s prudent to make efficient sales to maximise the return on investment.

Your terms of business are crucially important. This means they need to be clear, enforceable and don’t leave room for things to come back to bite you.

There are legal requirements including:

  • information you need to put on your website;
  • consumer protection legislation (if you are selling to non-business customers);
  • industry specific requirements; and
  • data protection and privacy considerations.

It is also worth remembering that scrutinising a website is easy for regulators such as:

  • Local Authority Regulatory Services (Environmental Health, Trading Standards and Licensing);
  • The Competition and Markets Authority;
  • The Advertising Standards Authority; and
  • The Information Commissioners Office.

If you need any help then please take a look at our solutions  or get in touch to discuss your requirements.

The three top risks to reputation

After receiving a poor performance review, an employee takes to social media and speaks negatively about the organisation and its leaders, creating a dialogue around the organisation’s culture that goes viral…

A cybercriminal discovers a vulnerability in an organisation’s security system, steals the Social Security numbers of millions of its customers, and demands a ransom payment for the decryption key needed to recover the sensitive data…

A third-party vendor fails to follow regulations when handling client records and inadvertently releases sensitive customer information, resulting in negative media attention and a steep fine for the organisation…

Read more in the source article: Triple threat: How to handle three top risks to reputation | Compliance Week