Cyberattacks are nothing new. They happen in the movies all the time, with hackers gaining access to data centers, military bases and other high-value targets. They’re able to do this by exploiting vulnerabilities in computer code, networked devices and other technology-driven systems.
But you don’t have to go to the movies to see a cyberattack in action.
Nor do you have to be a “high value” target to be affected by data breaches or fraudulent attacks. Cybercrime has become a $400 billion industry that impacts everyone from multinationals to mom-and-pop stores to private citizens.
So if you own or operate a business, cyberattacks are something you can no longer ignore.
Is Your Business Really a Potential Target for Cyberattacks?
Even as you read this, someone is trying to find vulnerabilities in your system. They’re not trying to cripple your business or punish you. They simply want access to financial data and other sensitive information you collect from customers.
It’s nothing personal, and you didn’t do anything wrong.
But any business that relies on computers, POS readers, networked devices, WiFi or cellular data is considered fair game. Believe it or not, smaller businesses are especially vulnerable because their payment environments are often the least secure.
Regardless of your company’s size, the negative consequences of a cyberattack are the same:
- You often have to cover financial losses out of pocket.
- Customers lose confidence in your business.
- You waste hours disputing fraudulent charges.
- Your business might get hit with additional fees and penalties.
- You may even face litigation and costly legal expenses.
Worse still, the true extent of the damage can remain hidden for years. It’s not uncommon for malware to lay dormant, only to resurface once you think everything is back to normal.
How to Protect Yourself from Cyberattacks
Unfortunately, it’s not possible to stop cybercrime completely. Not even the U.S. federal government is 100 percent immune — and it has some of the best “anti-hackers” in the world.
However, you can take common sense steps to reduce your exposure, including:
- Using virus protection software
- Installing the latest updates and patches
- Limiting employee access on a “need to know” basis
- Using strong passwords and changing them frequently
If you really want the best protection possible, you should focus on securing your payment environment. This is what thieves are after the most.
How BluePay Can Help Protect Your Business
At BluePay, our payment solutions provide the most advanced data security. We also offer a number of other fraud prevention tools to help protect your business, including:
- Data Tokenization
- Point-to-Point Encryption
- Fraud Management Filters
- EMV Credit Card Readers
- Hosted Payment Pages
Each one of these tools makes it harder for thieves to gain unwarranted access to your customers’ financial data. When you combine these tools, you make your business as unattractive as possible for would be cyber attackers.
To learn more about BluePay’s advanced fraud prevention solutions, contact our merchant services team