The retail industry has been in the spotlight with data breach after data breach. With the holiday season fast approaching, companies need to take extra measures to secure transactions. According to Verizon PoS invasions accounted for 31% of the 148 retail breaches in 2013, and these invasions accounted for 75 percent of the 137 accommodation sector breaches. This trend in attacks on payment card systems is only accelerating.
So what protocols can be put in place to secure these transactions, and prevent a major breach? According to Smart Card Alliance, Chip Technology, Encryption, and Tokenization are three technologies that are recommended to be used in combination to ensure secure payments and prevent credit card fraud. The implementation of these three technologies will differ, according to the payments stakeholder’s individual risk, regulations, cost and anticipated needs. More about these three technologies and how they can be implemented together can be found in the white paper.
More on how to safeguard your business from a potential breach to come. So keep an eye out!