Five Ways to Protect Customer Credit Card Information

Email     |     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

Security117-190x128.jpg 5 Steps to Protect Executives from a Whale-Phishing Attack

Whaling is a type of spearphishing targeting "big fish" in an organization with access to sensitive, highly-valuable information. ...  More >>

Security116-190x128.jpg 5 Common Failures Companies Make Regarding Data Breaches

Five common failures companies make when preparing for, and responding to, a data breach, as well as guidance for companies on how they can tackle these issues. ...  More >>

Security115-290x195 Data-Centric Approach Starves Data-Hungry Cybercriminals

Incorporating security capabilities such as encryption, better control and management and a data security framework will help alleviate the burden breaches place on the organization and people's lives. ...  More >>

Subscribe to our Newsletters

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