By the numbers: A look at data security trends
Secure payments are at the forefront of all business owners’ minds – and with good reason. The stakes are higher than ever. Credit card fraud and data breachers are on the rise, and businesses risk their future if they are unable to secure customer payments both in-store and online. Whether a business is online-only or brick-and-mortar, a weak defense against fraud exposes it (and its customers) to financial loss, damages its reputation and sends to those who commit fraud a neon signal reading “open for business.”
The numbers are staggering when it comes to card fraud. In a consumer survey conducted by Vantiv and Socratic Technologies, nearly half of those polled reported having experienced some form of card fraud. While these figures underline the risk associated with card payments, there are many more dangers lurking in the dark. In addition to providing Vantiv’s customers with leading security products, we're committed to educating all businesses on preventing fraud and promoting secure practices.
Here’s a look at some of the trends we’ve seen around payments security in the marketplace today:
Identifying and protecting against payment security threats is hard work. It can be much easier with the right partner. With Vantiv, you get access to leading security, fraud, compliance and risk mitigation products and services. No matter your business type, Vantiv has a data security solution to help ensure safe payment transactions and protect your business and your customers. Contact us today to find out more.
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