In another example of why it is incredibly important to secure your cardholder data, Visa & MasterCard both confirmed a breach of Global Payment’s processing network (http://bit.ly/GYqrLF). The breach occurred between January 21, 2012 and February 25, 2012 most likely from parking garages in and around New York City (http://bit.ly/HoCdU1 and http://on.wsj.com/H7Kd4V).
Some tips to consider:
- Never store cardholder data in any manner that is not secure. Even a locked file cabinet can be opened and cards stolen.
- Always make sure you are using a website that says https in the address bar. NEVER enter sensitive information on a page that does not show the “s” in the httpS.
- Always make sure credit card information is truncated – only showing the last four digits of the card. This prevents a thief from accessing the sytem. If your terminal still prints out all 16 digits, please contact us to resolve the security risk today.
If a criminal accesses the information, YOU WILL BE HELD RESPONSIBLE and can pay fines ranging up to $250,000 AND a per-card replacement fee of approximately $5. Moral of the story – use common sense and practice safe financial options.