Tuesday, October 1, 2013
The beginning of October marks the start of the holiday shopping season for many merchants today. But October is also National Cyber Security Awareness Month. – a time devoted to one of the least pleasant issues facing merchants today: data security.
But merchants' dread at the topic can be turned to the advantage of ISOs and merchant level salespeople by advising retailers on the commonsense steps they can take to ensure that their most important time of year is not ruined by a data breach. To that end, cloud-based payment processor 3Delta Systems Inc. released a cyber security best practice document that service providers can use to educate merchants, and themselves.
In Top 10 Best Practices for Fighting Credit Card Theft and Fraud, 3Delta laid out the increasingly complex and dangerous threat landscape for merchants. "Cyber security, fraud detection and prevention are getting more difficult by the day for businesses large and small," the processor stated. "Today's cyber criminals are clever, patient, organized and global."
Patience and skill are indeed virtues for the modern hacker. 3Delta pointed out that fraudsters may penetrate systems, plant their malware and, slowly, over a period of months or years, steal data and funds out of accounts. Hackers are also not dumb crooks from Hollywood caper movies.
"They're masters of social engineering, skilled in targeting the most vulnerable businesses, governments and individuals with the highest potential for gain," 3Delta said. "Online criminals are also persistent, probing a system until they penetrate its perimeter, then continue attacking its vulnerabilities in hopes of hitting the right target."
3Delta's best practices are designed to protect systems from being hacked and minimize exposure to online payment scams. The tips are:
The best practice document can be accessed at www.3dsi.com/pdf/enewsletter/Mktg_Top_10_Best_Practices_for_Fighting_Credit_Card_Theft_and_Fraud.pdf .
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