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.
Building an effective incident response program is essential for organizations because it enables them to not only contain a single incident, but it also helps to start modeling the techniques of an attack. ... More >>
Microsoft released five updates for a total of 23 CVEs for the March Patch Tuesday. Two patches are rated critical and the remaining bulletins are rated Important. ... More >>
Making sure your organization's website is safe, secure and running without any malicious activity under the radar is a major concern today. ... More >>