According to the Identity Theft Resource Center, data security breaches reached a record high in the U.S. last year, spanning some 675 million records. Over 30 percent of these breaches affected the business sector, including high-profile merchants like Neiman Marcus, Goodwill Industries, P.F. Chang’s and Dairy Queen.
While some merchants are becoming more proactive about things like payment card industry compliance and security standards (PCI), are the standards enough? Why should they comply? More importantly, why is it so easy for hackers to find vulnerabilities and gain access to account information in the first place?
These ugly truths and more were exposed during a recent SAP Radio broadcast, “Data Security in the Age of Credit Card Breaches.”
Vigilance against threats
Billions of dollars in fraud exists in North America alone and that number multiplies significantly on a global scale – which is why hackers are always going to…
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