Electronic payments security is one of the biggest conversations in the industry. With technology evolving on a regular basis, it is important for businesses to make sure their payment solutions are secure. The economic impact of a data breach can be enormous and could potentially reach millions of dollars in financial losses, threatening even large merchants with the prospect of bankruptcy.
Sensitive cardholder information is vulnerable while in-flight and at rest. Without a multi-layered security strategy, a merchant could be exposing critical customer information that, if hacked, could result in the huge costs. However, there are security solutions that merchants of all sizes should consider to protect their business: