Reducing credit and debit card fraud by implementing EMV chip card acceptance has become retailers’ top payment issue in 2016, but retailers are also busy with new data security enhancements such as point-to-point encryption and tokenization to better protect payment card data.
With acceptance of mobile and other new forms of payments expected to double in the next two years, a new global study shows a critical need for organizations to improve their payment data security practices.
In an open letter to Barack Obama the National Retail Federation said it outlines achievable solutions that industry must work toward to better protect customers, empower its retail members and effectively safeguard America’s cyberspace against criminal hackers.
Cyber attacks today are increasingly sophisticated and aggressive, leaving organizations fighting to stay at least one step ahead of hackers to protect their critical data assets.
Moving information from enterprise data centers or in-network servers to a cloud environment is often chosen as a means to offload IT maintenance costs, provide a higher degree of physical safeguards and facilitate easier scaling to accommodate business growth.
Following a massive cyberattack, eBay is reportedly facing a formal investigation with the government over security practices. The online auction site will have to answer questions about what type of security was in place before hackers gained access to the personal data of its 145 million users.
