Any company or business that runs an online ecommerce site should be extremely conscious of "Data breach protection" and ways to maximize its use against hackers and other online financial criminals

When a person's private identifying information such as their name, address, email address, Social Security number, driver's license number and/or financial, credit
or debit card data, age, and other confidential information  is put in risk via online or offline methods.

Hacking, malware, spyware, skimming, an insider breach, or the physical loss of  a card or a device like a computer, laptop, CD, Zipdrive can all be affected within an electronic data breach.

In its 2009, the Ponemon Institute analyzed actual data breach experiences at 45 organizations in its the U.S. Cost of a Data Breach Study.  The average cost per compromised customer record was $204, and the average organization cost of a data breach was $6.75 million. The most expensive data breach event included in the study cost a particular company almost $31 million to resolve while the least expensive  one was $750,000.

The Ponemon study reflects a long list of data breach factors that many vulnerable businesses, companies, and merchants may not consider including: penalties and fees, loss of customers,  reputation management, new business opportunities losses, customer support costs like information hotlines and credit monitoring subscriptions, expensive breach-related outlays for detection, escalation, notification and response, as well as legal, investigative and administrative expenses.

Any company, business, or organization that process credit or debit cards and/or electronic fund transfers can unfortunately become a victim of a security breach and needs to insure that sufficient protection is in place.

Its up to individual merchants and businesses to be proactive about implementing data breach protection programs that provide policies and the latest technologies to protect businesses as well as its customers from any unforeseen breaches.

Payment Card Industry Data Security Standard (PCI DSS);  or  PCI compliance is one of the first lines of defense to warding off any potential breaches.

Embassy Bank Card Solutions include various technologies and tools that are PCI compliant to reduce possible fraud and breaches.  Please call us at 877-982-0700

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