They are also subject to industry-specific

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Standards as well, such as the GS1 Standards and Payment Card Industry Data Security Standard (PCI DSS). Cybersecurity legislation affects the company in a number of ways, including providing compliance requirements and standard protocols for practices that involve personal user data and national security, determining the liability and possible punishment of the company if it breaches any of these standards, and building consumer trust between Amazon and its users.


Understandably, in a bid to meet these regulations and avoid possible vp financial email lists data breaches, the company has invested heavily in data encryption, firewalls, access control to its network and user data, as well as intrusion detection and prevention. Worker’s rights legislation: Despite the controversy surrounding the company in terms of its effects on employment in the areas it operates, Amazon is still a major employer in quite a number of countries.


Therefore, it is also subject to labor laws and regulations related to its workforce, such as minimum wage laws, workplace safety regulations, worker classification laws, workplace benefits, and other forms of legislation supporting worker rights. This legislation affects the companies in multiple ways, which may lead to increased or reduced overhead costs in the long run and therefore affect their price competitiveness regarding other online retailers. For example, an increase in the minimum wage would increase the cost the company incurs In terms of wages and, by extension, reduce their profits.