Don’t Lose Confidence
The sixth annual Online Fraud Report released this week by payments provider Cybersource, says that 57% of merchants see online fraud as the greatest threat to their business. The report also found that in too many cases, customer cardholder data is spread out across the organisation, in finance, customer services, loss prevention, sales and other departments, making it difficult to secure.
If your business processes or transmits credit card data securing the payment card details of your customers is imperative. But with new Internet security threats emerging all the time, online retailers need to be extra vigilant.
A survey of over 1000 people has shown that 85% look for signs that the website they are thinking of buying from is secure. So as well as incurring hefty fines, exposing your customers to fraud or identity theft would mean loss of confidence, leading to loss of business.
Being payment card industry (PCI) compliant will help to secure your customers’ data – keeping their confidence, as well as preventing you from being fined. But implementing a compliance programme can be costly and time consuming if you don’t fully understand the security requirements. However, outsourcing the management and implementation of your compliance programme can give you an effective and cost effective way to conform to regulations, helping you keep your customers confidence in you.
To find out more about a managed PCI compliance programme visit www.adept4.co.uk/pci-compliance.php