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.

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


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.

 

More Slideshows

SurfWatchCyberCrimeTrends0x Trends in Cyber Crime: A Look at the First Half of 2014

A new report aggregates and standardizes cyber crime data from the first six months of the year into cyber BI that provides some interesting insights. ...  More >>

Misc40-290x195 Ten Vulnerabilities that Impact Enterprise Cloud Apps

With increased popularity comes more attention from malicious hackers trying to access PII and other sensitive data. It's more critical than ever before to understand how -- and where -- you're storing your data, and the variety of vulnerabilities that can exist in the apps in your network. ...  More >>

Security45-290x195 Cyber Crime: Law Enforcement Fights Back

While cyber crime continued to dominate headlines and wreak havoc on organizations of all sizes across nearly every industry in the first half of 2014, it's refreshing to note law enforcement also stepped it up. ...  More >>

Subscribe to our Newsletters

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