For any organization connected to the Internet, it is not a question of if but when their business will be under attack, according to a recent cybersecurity report from Symantec. 42.8 million cyberattacks are expected this year alone, and the cost of global cybercrime has soared to $465 billion a year.
What does that mean for payment security, how do organizations protect their business and their customers?
A strong, layered defense is important. But it doesn’t stop there. Organizations have to be proactive, vigilant and prepared in their security efforts to combat current and evolving threats and keep payment card data out of the hands of the bad guys.
Devaluing data is the end game. With a multi-layered approach that includes dynamic chip technology at the point-of-sale, point-to-point encryption and tokenization we can make this data useless in the hands of hackers and organized crime and fight back against cyber threats.
Organizations should take advantage of the shift to EMV chip and be proactive in making the investment that will help protect against malware and other threats and position them best to take advantage of future payment acceptance models and security technologies.
Check out the infographic from the PCI Security Standards Council below to see how EMV, point-to-point encryption technologies can work together to eliminate payment data as a target for attackers. Click on the image for the complete, large version of the infographic.