Payment data breaches have cost customers of global payments company
Electrical retailers have been hit with more breaches than any other sector, followed by general retail and clothing, according to
The warning comes hot on the heels of research by accountancy giant
An attack on larger firms _ with 250 or more employees _ costs between
He says: 'The cost of a card data breach can be hefty. Our small business customers could pay up to
The last thing anyone needs is to be hit with costs for having not protected card data _ not to mention the loss of reputation this could bring.'
_Have you changed all your default passwords, so that it's harder for someone to guess them?
_Do you have a list of all your suppliers or service providers and their contact details so you can contact them quickly if you need to?
_Do you test your firewalls at least every six months, or get a security professional to test them for you?
_Have you checked that all your suppliers also comply with the industry standard?
_Do you securely destroy all card data files and records when they are no longer needed?
_Are you making sure you do not store the three-digit security number from the back of cards?
Hobday adds: 'Many small firms cannot see what Payment Card Industry compliance adds to their business. They view it as a pointless exercise that drains time, money and effort.
Taken at face value it might appear onerous _ wasteful red tape that is better off left to the big high street brands to worry about. But PCI was not set up to benefit retailers 'it's there to protect customers.'
Almost all card data breaches happen online when hackers use malicious code to obtain card data.
Once a data breach happens, affected shoppers are faced with cancelling their card and having to order a replacement.
Meanwhile, a business must undergo a complex forensic investigation, and then it will need to refortify its payment system. This could take up to six months.
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