The Cost of a Breach

What Happens When a Company Experiences a Data Breach?

If you are a business owner, you do not want to find out firsthand what happens when you experience a data breach. When your company is the victim of a data breach, it can be both frustrating and terrifying. A data breach puts financial records and personal information in jeopardy which can lead to identity theft and even leave you drowning in fraudulent charges. For obvious reasons, a data breach can be very bad news to any company that experiences one. It can lead to a loss of customers and can be a huge financial hit to your organization. A data breach is something you want to avoid at all costs. But in order to avoid them, it helps to know what causes them. Why Does a Data Breach Occur? One of the most significant reasons why data breaches are so common these days is because cyber thieves are presented with…

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How to Secure Your Business with Two Factor Authentication

In this age of online accounting and cloud storage, it is more important than ever to make sure your business is secure against the threats of cyber crime. Two factor authentication is an integral piece in this equation. It can be a powerful tool for protecting your business’s online presence and data. Maybe you haven’t heard of this means of protecting your business or you are unsure of how it works. With this in mind, let’s take a look at how to secure your business with two factor authentication. What is Two Factor Authentication? Let’s start at the beginning by defining our terms. Two factor authentication is essentially taking an additional measure beyond the usual password in order to secure your account. In other words, your password is one factor and, let’s say, a single-use code via text message is another factor. This allows for an added level of security…

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What is Payment Tokenization and How Does It Secure Cardholder Data?

To us, it’s clear why everyone needs to know what payment tokenization is, but you might need some convincing. So, we put together four reasons for your consideration. Read on for a few answers to questions you may have on this topic. Can you give a few examples of tokens in use today? Absolutely. You come across them more often than you might imagine because tokens are becoming quite popular in the e-commerce arena. Whenever a website “keeps your card on file” for recurring payments or subscription billing, the site uses tokens. Another example is the “one-click” express checkout (think Amazon) process for customers. Another common use in recent years has been in near-field communication (NFC) mobile wallets, like Apple Pay and Android Pay. These mobile wallets transfer your payment information from your smartphone to a nearby vendor’s terminal. The process uses radio waves that allow smartphones and other devices…

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