Five Ways to Protect Customer Credit Card Information

Share  
1  |  2  |  3  |  4  |  5  |  6  |  7
Previous Next

Click through for five ways businesses can protect customers' credit card information, as identified by Rob Bertke, senior vice president of research & development, Sage Payment Solutions.

According to a March 13 report from the Commerce Department, retail sales increased 1.1 percent in February, to $421.4 billion, marking the biggest surge in the retail space since last September. Elevated sales numbers mean additional credit card transactions and, as a result, an increased risk for fraud.

A recent report from Javelin Strategy & Research found that credit card fraud has increased an alarming 87 percent since 2010 and accounted for a cumulative total loss of approximately $6 billion. Despite mounting evidence of this growing epidemic, loss as a result of credit card fraud has remained the proverbial elephant in the room for many businesses.

Organizations need to increase their awareness of this growing threat and the rather simple steps they can take to prepare themselves. Here are five tips, identified by Rob Bertke, senior vice president of research & development, Sage Payment Solutions, for businesses of all sizes to keep in mind as they navigate through the economic climate in 2013 and beyond.

According to a March 13 report from the Commerce Department, retail sales increased 1.1 percent in February, to $421.4 billion, marking the biggest surge in the retail space since last September. Elevated sales numbers mean additional credit card transactions and, as a result, an increased risk for fraud.

A recent report from Javelin Strategy & Research found that credit card fraud has increased an alarming 87 percent since 2010 and accounted for a cumulative total loss of approximately $6 billion. Despite mounting evidence of this growing epidemic, loss as a result of credit card fraud has remained the proverbial elephant in the room for many businesses.

Organizations need to increase their awareness of this growing threat and the rather simple steps they can take to prepare themselves. Here are five tips, identified by Rob Bertke, senior vice president of research & development, Sage Payment Solutions, for businesses of all sizes to keep in mind as they navigate through the economic climate in 2013 and beyond.

 

Related Topics : Unisys, Stimulus Package, Security Breaches, Symantec, Electronic Surveillance

 
More Slideshows

Security48-290x195 Five Myths Holding Your Security Program Back

In reviewing this list, continue to ask yourself how to apply the advice to your organization and its unique cybersecurity ecosystem. ...  More >>

Misc44-290x195 Most Dangerous Cyber Celebrities of 2014

McAfee recently released its eighth annual study revealing the most dangerous celebrities to search for online. The study found a mix of comedians and musicians among the most dangerous. ...  More >>

Security47-190x128 From a Hacker's Perspective: How to Breach a Point-of-Sale System

Electronic payments have started to outnumber cash transactions, and hackers have taken notice -- with an increased number of point-of-sale (POS) system breaches making the headlines. ...  More >>

Subscribe to our Newsletters

Sign up now and get the best business technology insights direct to your inbox.